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Buying a vehicle with a bill of sale but no title is a bit tricky when it comes to registering the vehicle, but it can be done. You just need to complete a few steps, including obtaining a bonded title, and then you can claim the car as your own.
Bill of Sale \u2013 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.
3:17 5:35 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.
In New Mexico, the titling of a car and the registration process are done at the same time. You can get a title for a car without registration, in cases where you wanted to restore a car and do not plan to drive it for a long time, for instance.
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.
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Buying a vehicle with a bill of sale but no title is a bit tricky when it comes to registering the vehicle, but it can be done. You just need to complete a few steps, including obtaining a bonded title, and then you can claim the car as your own.
New Mexico Car (Vehicle) Bill of Sale While the bill of sale doesn't constitute ownership on its own \u2014 only the title can do that \u2014 it does provide proof of transfer of the title.
If you want to get only a Certificate of Title, the New Mexico MVD will issue a title without registering the vehicle or issuing a license plate, under a limited number of conditions, as outlined below. In all cases, you will need to show the MVD one proof of identity and two proofs of New Mexico residency.
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.
Registration fees range from $27.00 to $62.00 for a one (1) year registration or $54.00 to $124.00 for a two (2) year registration. Registration fees for trucks with a declared gross vehicle weight (DGVW) of 26,000 pounds or less are also based on the weight and model year of the vehicle.

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