New Mexico Bill of Sale - Complex

State:
Multi-State
Control #:
US-00430
Format:
Word; 
Rich Text
Instant download

Description

Seller assigns, bargains, conveys, and delivers to purchaser all of its fixtures, machinery, equipment, vehicles, and tools. Seller further covenants and agrees that it shall, at any time and from time to time, at the request of buyer, execute and deliver to buyer any and all instruments and documents which may be necessary to vest in buyer full title, right and interest to any of the mentioned properties and assets.
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FAQ

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.

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.

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.

After Purchasing a Vehicle The bill of sale is not enough to complete a vehicle transfer in New Mexico. Several additional documents are required before the transaction is official.

Does the bill of sale need to be notarized in New Mexico? New Mexico is one of the six states that does require the title or sale form to be notarized to the transfer title or ownership. It applies to both motor vehicles and boats. However, a bill of sale for other personal property is not required to be notarized.

A New Mexico general bill of sale is a legal document that proves a legal sale and purchase has been executed between two (2) private parties, generally for personal items. The form offers information regarding the seller and buyer, as well as proving a change of ownership.

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)

While some states require bills of sale to be witnessed by a notary public, in New Mexico, two private parties can sign a valid bill of sale on their own. In general, a bill of sale is not a complicated legal document.

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New Mexico Bill of Sale - Complex