New Mexico Reprint Sales License Agreement
Description
How to fill out Reprint Sales License Agreement?
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FAQ
A NMBTIN is a unique taxpayer ID issued by the New Mexico Department of Taxation and Revenue. It is used to report withholdings, gross receipt taxes, and any compensation you may receive. This is different from your Federal Employer Identification Number, which is also required for most business types.
In order to complete the sale of your New Mexico vehicle, you must transfer your title by entering the name of the buyer/purchaser in the buyer/purchaser field. Please PRINT and SIGN your name in the seller/owner field EXACTLY as it appears at the top of the title.
When buying a car in New Mexico, you can easily calculate the sales tax by applying a flat 4% rate1 or by using a New Mexico TTL calculator. Although most vehicle purchases in New Mexico incur sales tax, certain exemptions exist.
Take the current title with the 'Assignment of Title' and 'Odometer Disclosure Statement' completed and signed to the MVD. You must pay the title fee and the excise tax on the vehicle, but no license plate will be issued. Once you do get insurance on the vehicle, you can register the vehicle.
If an NM vehicle registration certificate becomes lost or illegible, it's the resident's responsibility to replace it as soon as possible. To order a duplicate NM car registration certificate, residents can visit any MVD office with: Proof of auto insurance. The license plate number.
Used Car Title Transfers Titling a used vehicle requires the same documentation as it does for titling a new vehicle with a few exceptions: Gift Transfers ? If you received your vehicle as a gift, then you will need the original affidavit of the transaction containing notarized signatures from both parties.
Seller / Registered Owner Title Transfer In either type of title, begin on the line that says ?ASSIGNMENT OF TITLE FOR THE EXACT AMOUNT OF $?. ... The next line contains the date you are making the sale. ... On the next line enter the name of the buyer (or buyers if more than one)
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.
