New Mexico Simple Receipt to Seller from Buyer
Description
How to fill out Simple Receipt To Seller From Buyer?
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FAQ
Both the donor and the recipient must sign the Affidavit of Gift of Motor Vehicle or Boat and have their signatures notarized (MVD Form 10018). Dealer's Invoice is required only when the title transaction involves a dealer sale. The dealer's invoice must be the original or a certified copy.
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.
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) Sign the vehicle's title.
A New Mexico bill of sale can be written in plain English, without legal jargon or archaic terms. It is important to include the required elements above. If you're a party listed in the New Mexico bill of sale, make sure that you have more than one copy of the completed documents for your records.
Selling a Car:Remove the old license plate New Mexico is a Vehicle Plate to Owner state.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.12-Jul-2017
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.
A bill of sale for a private party vehicle transfer does not need to be notarized in New Mexico.
You will need a notarized New Mexico Powers of Attorney (MVD-10037; or notarized generic POA) signed by all owners listed on the title. If you have a lien on the vehicle you will need a lien release. You will need to fill out the Application for Duplicate Certificate of Title form which can be found at your MVD.
