The Albuquerque New Mexico Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document used when selling a vehicle within the state. This document serves as proof of transfer of ownership from the seller to the buyer, outlining the key details of the transaction and protecting both parties involved. The Bill of Sale of Automobile and Odometer Statement ensures that the buyer is aware of the vehicle's condition and that it is sold on an "as-is" basis, meaning the seller is not held responsible for any defects or issues with the vehicle after the sale. Keywords: Albuquerque, New Mexico, Bill of Sale, Automobile, Odometer Statement, As-Is Sale, legal document, transfer of ownership, transaction, proof, protection, vehicle condition, defects, seller, buyer. In Albuquerque, there are two types of Bill of Sale of Automobile and Odometer Statement for As-Is Sale specifically recognized: 1. Private Sale: This type of Bill of Sale is used when an individual sells their vehicle to another individual without the involvement of any dealerships or third parties. It ensures a direct transfer of ownership between the seller and the buyer, and it is essential for both parties to accurately disclose the vehicle's condition and mileage. 2. Dealer Sale: When a licensed dealership in Albuquerque sells a vehicle, they also require a Bill of Sale of Automobile and Odometer Statement for As-Is Sale. This specific document serves to protect the buyer from potential mileage fraud or misrepresentation by the dealership. It is crucial for the buyer to carefully review the Odometer Statement to ensure the accuracy of the recorded mileage. Keywords: Private Sale, Dealer Sale, third-party involvement, licensed dealership, mileage fraud, misrepresentation, accuracy, recorded mileage, direct transfer of ownership.
Albuquerque New Mexico Bill of Sale of Automobile and Odometer Statement for As-Is Sale
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How to fill out Albuquerque New Mexico Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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FAQ
If You're the Buyer To complete the vehicle registration process, buyers must provide a: Vehicle title. Bill of sale (if Assignment of Title or Dealer Assignment is not on the back of the title) Application for New Mexico Title (MVD 10002)
To use the new online title transfer service, the new owner typically uploads a scanned copy or photograph of the title, current insurance and New Mexico license or id. Photocopies are not acceptable. Some transactions may require additional documentation.
File a Notice of Vehicle Sold form with MVD. Keep the VIN number of the vehicle you sell. Fill out Bill of Sale form and file with MVD. Sign over Certificate of Title and Odometer Disclosure statement ? keep copies of both.
To complete the vehicle registration process, buyers must provide a: Vehicle title. Bill of sale (if Assignment of Title or Dealer Assignment is not on the back of the title) Application for New Mexico Title (MVD 10002)
Bill of Sale ? Only required when Assignment of Title or Dealer Assignment is not on the back of the Title. All information on the Bill of Sale must be filled in, and have signatures of both the seller and the buyer.
File a Notice of Vehicle Sold form with MVD. Keep the VIN number of the vehicle you sell. Fill out Bill of Sale form and file with MVD. Sign over Certificate of Title and Odometer Disclosure statement ? keep copies of both.
Bill of Sale ? Only required when Assignment of Title or Dealer Assignment is not on the back of the Title. All information on the Bill of Sale must be filled in, and have signatures of both the seller and the buyer.
For most private vehicle sales in New Mexico, a bill of sale is not required. However, if the purchase price or odometer statement are missing from the title, then a bill of sale (form MVD-10009) is required.
Provide a bill of sale (Form MVD 10009) if required. Provide a completed Application for Title and Registration (Form MVD 10002) Provide proof of a valid NM vehicle insurance policy, your residency in NM, and your identity.
As the seller of a vehicle in NM, you need to: Assign the vehicle's title over to the buyer using the Assignment of Title section on the vehicle's title certificate (If an Assignment of Title section is not available, you need to provide a bill of sale (Form MVD 10009)