New Mexico Bill of Sale of Automobile and Odometer Statement for As-Is Sale
What this document covers
The Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document that facilitates the transfer of ownership of a motor vehicle from the seller to the buyer. This form not only confirms that the seller is the legitimate owner of the vehicle but also specifies that the vehicle is sold "as-is," meaning the seller does not provide any warranties regarding its condition. This form includes an Odometer Disclosure Statement, which is required by federal law to disclose the odometer reading at the time of sale, ensuring transparency in the transaction.
Main sections of this form
- Seller and buyer information, including names and addresses.
- Details of the vehicle, including make, model, body type, vehicle identification number (VIN), and year.
- The total sale price of the vehicle, confirming the payment received.
- A statement confirming that the vehicle is sold as-is, free from warranties.
- Odometer Disclosure Statement, including the odometer reading and any discrepancies.
- Signature lines for all parties involved, as well as notarization requirements.
Common use cases
This form should be used when you are selling or buying a motor vehicle and need to legally document the sale. It is particularly important for private sales where a warranty is not provided. Using the Bill of Sale of Automobile and Odometer Statement is essential to formalize the transaction and protect both the buyer and seller from disputes regarding ownership and vehicle condition.
Who needs this form
This form is suitable for:
- Individuals selling their personal vehicles in a private sale.
- Buyers acquiring vehicles from private sellers.
- Dealers or businesses selling vehicles without providing warranties.
How to prepare this document
- Identify the parties involved: Enter the names and addresses of both the seller and buyer.
- Specify the vehicle details: Fill in make, model, body type, VIN, and year of the vehicle being sold.
- Enter the sale price: Write the amount of money exchanged for the vehicle.
- Complete the odometer disclosure: Accurately note the mileage of the vehicle and any discrepancies if applicable.
- Obtain required signatures: Ensure all parties sign the form and include the date of signing.
- Have the form notarized: This adds a layer of legal validation and ensures compliance with local laws.
Does this form need to be notarized?
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to accurately disclose the odometer reading or discrepancies.
- Not obtaining the necessary signatures from all parties involved.
- Leaving the sale price blank or incorrectly stated.
- Not having the form notarized when required by state law.
Advantages of online completion
- Convenient access: Download the form instantly from anywhere at any time.
- Editability: Fill in the necessary details easily before printing or signing.
- Reliability: Use professionally drafted templates created by attorneys to ensure legality.
Quick recap
- The Bill of Sale is essential for documenting the sale of a motor vehicle, especially in private transactions.
- Both parties must fully understand the as-is nature of the sale, with no warranty provided by the seller.
- Proper completion of the form, including the Odometer Disclosure Statement, is legally necessary.
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FAQ
Yes, a New Mexico bill of sale is required.You'll also need a certificate of title, an odometer disclosure statement, an Application for Vehicle Title and Registration, proof of insurance, proof of identity, two items to use as proof of New Mexico Residency, and be prepared to pay your fees.
The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.
Most states do not require a notary to witness the signing of a bill of sale. However, by law, a notary public must witness both parties signing the document in Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana. Notaries are optional in other states.
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.
Is a bill of sale required in California? While a bill of sale is not a legal requirement in California, it's a good idea to have one if you sell or purchase a vehicle. There is no specific form required, but the California Department of Motor Vehicles (DMV) has a bill of sale form.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.
A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
After going through the bill of sale together, both the buyer and seller must sign and date the document. Otherwise the bill of sale is not official.
