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To apply for a bonded title, New Mexico residents must complete the following steps: Step 1 ? Consult the MVD. ... Step 2 ? Purchase a Surety Bond. ... Step 3 ? Have the Vehicle Inspected. ... Step 4 ? Complete the Application.
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.
Any individual who purchases a vehicle, whether in New Mexico or any other state, must generally obtain title in their own name before selling the vehicle. An exception to that general rule may be made when the previous owner or owners failed to transfer the title into their own name(s).
TO COMPLETE THE NOTICE OF VEHICLE SOLD BY MAIL: Please complete and print the Notice of Vehicle Sold Form. Mail the completed form to: Motor Vehicle Division. Attn: Sold Unit. P.O. Box 1028. Santa Fe, NM 87504-1028.
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 Ensure Your Titling Process Goes Quickly, You Will Need This Documentation: The original or certified copy of the bill of sale or dealer's invoice for your vehicle. Two proofs of New Mexico residency (Note: this is only required if you don't have a valid New Mexico driver's license with your current address)
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.
How To Get Your Title Fast A Valid Driver's License or ID. Two proofs of New Mexico Residency (for both in- and out-of-state drivers if the address on ID or license is not current) The original (or certified copy) of the Dealer's Invoice, Bill of Sale, or Lien Information. Proof of active Liability Insurance (25/50/10)