A New Mexico bill of sale is a legal document used to transfer ownership of a valuable item from one person to another, based on the specific state laws of New Mexico (NM).
The item can be any kind of personal property that is bought or exchanged for money, or traded for another item of value.
You should use a bill of sale in New Mexico if you’re buying or selling a car (or any type of vehicle), a boat, a gun/firearm, a motorcycle, or a horse.
Types of Bill of Sale
Vehicle Registration Forms
- Bill of sale
- Odometer Disclosure Statement (Form MVD-10187)
- Certificate of Title (for replacement title use Application Form MVD-10901)
- Valid driver’s license
- Manufacturer’s Certificate of Origin
- Power of Attorney (if someone registers on vehicle owner’s behalf)
- Proof of Insurance with Minimum Requirements:
- $25,000 for bodily injury to or death of one person
- $50,000 for bodily injury to or death of two or more persons
- $10,000 for property damage in any one accident
Boat Registration Forms
- Bill of sale
- Boat Registration and Title Form
- Certificate of Title
Trailer Registration Forms
For new trailers, have these forms below:
- Manufacturer’s Certificate of Origin (MCO) (Weight certificate required if MCO does not indicate empty weight of the trailer)
- Dealer’s inovice
- Proof of trade-in (if appropriate)
- Power of Attorney (POA) (if registering on owner’s behalf)
- Lien holder information (if appropriate)
- Identification
- Proof of residence
For used trailers, have the forms below:
- Certificate of Title (Weight certificate required if title does not indicate the empty weight of trailer)
- Bill of sale
- Dealer’s invoice (noting when trailer purchased from a dealer)
- VIN inspection
- Proof of trade-in (if appropriate)
- Release of lien (if appropriate)
- Proof of residence
- Identification
- Power of Attorney (POA) (if registering on owner’s behalf)
- Lien holder information (as appropriate)
New Mexico Bill of Sale Sample
Below is an example of a New Mexico bill of sale form.
