Bill of Sale in New MexicoGet detailed Vehicle History Report in 3 Easy Steps
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Vehicle and vessel transactions in New Mexico involving a buyer and seller require a Bill of Sale when a certificate of title is not available. It is also necessary to have the document if all of the present reassignment boxes on the title are full.
Information necessary on the Bill of Sale includes the agreed-upon price and the make, model, and year of the vehicle. The seller will also need to list the vehicle identification number (VIN), and in the majority of instances record the mileage on the odometer. A boat being sold will need measurements of width, length, and depth written onto the document.
The seller will need to remove the existing license plates, as they are issued to the owner of the vehicle rather than to the vehicle itself. A seller then has 30 days to establish the plates with another vehicle or to return them to a local Motor Vehicle Division office for termination.
The buyer has 90 days from the sale date in order to transfer the title. If the buyer does not make this deadline, they will face added titling fees.
If you have trouble downloading the New Mexico Bill of Sale form, we provide links to generic forms from our sponsors.True or False
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