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How much does it cost to transfer a title in New Mexico?
By registering your vehicle on time at MVD Express, you can avoid paying a $20.00 title transfer fee and an increase to 4.5% excise tax fee from the original 3%. You dont even have to wait in line to transfer your used car title at MVD Express.
Can you gift a car in New Mexico?
New Mexico is a Vehicle Plate to Owner state. If the vehicle is sold, traded-in or given as a gift, the vehicle owner is responsible for removing the license plate from the vehicle.
What do you need to transfer a title in New Mexico?
Complete your ownership of your new vehicle with an automobile title transfer by bringing in: Your valid drivers license or state issued ID. The original (or certified) copy of the dealers invoice, bill of sale, or lien information. Proof that your car has liability insurance.
What is the odometer disclosure statement in New Mexico?
Federal and state law requires the transferor (seller) of a vehicle to state the odometer mileage upon transfer of ownership. Failure to complete an odometer disclosure statement or providing false information may result in fines and/or imprisonment.
How do I transfer a car title to a family member in another state?
Transferring a car title usually requires the vehicle title itself and a title application, the parties addresses, signatures from the previous and new owners, and details on the vehicle and its value. These documents look different from state to state, but the information they require is generally the same.
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Acceptable Documents When you want to prove that you are a New Mexico resident, you can bring in: A gas, electric, water, or phone bill that shows your current address. A rental property or purchase agreement. An auto, home, health insurance agreement or bill.
What paperwork is needed to register a vehicle in New Mexico?
The documents you need to supply for both vehicles and motorcycles are: Your vehicles title or lien holder information. A clean emissions test. VIN inspection (for out-of-state vehicles) Proof of New Mexico insurance. Valid ID for the person on the title. Two proofs of residency.
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