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If you're gifting a car in New Mexico, you will need to transfer the \u200b\u200bCertificate of Title to the gift recipient. The giftee must then take the current title with the Assignment of Title filled out, as well as an Odometer Disclosure Statement to the MVD and pay a $5 fee.
If you're giving or receiving a vehicle in New Mexico, the process is the same as listed above, with the exception that the receiver must complete an Affidavit of Gift of Motor Vehicle or Boat and have it notarized.
Your valid driver's license or state issued ID. The original (or certified) copy of the dealer's invoice, bill of sale, or lien information. Proof that your car has liability insurance. Two proofs of New Mexico residency if you do not have a New Mexico driver's license, or your current address is not updated in our ...
Does a bill of sale have to be notarized in New Mexico? No. A bill of sale for a private party vehicle transfer does not need to be notarized in New Mexico.
3:17 5:35 New Mexico Title Transfer: SELLER INSTRUCTIONS - YouTube YouTube Start of suggested clip End of suggested clip Make sure that you bring your name exactly as appears on the front of the title. Under first lienMoreMake sure that you bring your name exactly as appears on the front of the title. Under first lien holder or owners.
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3:21 5:35 New Mexico Title Transfer: SELLER INSTRUCTIONS - YouTube YouTube Start of suggested clip End of suggested clip Don't use short names or nicknames. And when there's two owners or registered owners listed on theMoreDon't use short names or nicknames. And when there's two owners or registered owners listed on the title.
The total amount you will pay for a vehicle title transfer in New Mexico depends on the age and value of your vehicle. The combined fees of the vehicle registration and vehicle titling fees range from $27 to $62 per year. If you qualify to only obtain the vehicle's title, this fee is $5.
Proof of a valid New Mexico vehicle insurance policy (if you don't have an NM vehicle insurance policy yet, you need to complete a title-only application) Proof of identity. 2 documents proving your residency in New Mexico. Payment for the vehicle titling and registration fees.
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.
A New Mexico bill of sale is written using the following components: The printed legal name of the buyer and the seller. The date the bill of sale was created. The amount of money the item was sold for. Descriptive information about the item sold. The signature of both the buyer and the seller.

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