Collect everything you need for your vehicle transactions with our New Mexico vehicle bill of sale template. Each vehicle bill of sale (also known as a form MVD-10009) helps ensure legal compliance and protects your interests, from start to finish.
A New Mexico vehicle bill of sale is a document that records the transfer of ownership of a motor vehicle from one party to another. This document serves as proof of the transaction when interacting with the New Mexico Motor Vehicle Division (MVD).
For sellers, it provides a clear record of the sale, which is useful for tax purposes and liability protection. For buyers, it demonstrates proof of ownership. This is essential for registering the vehicle with the New Mexico MVD (known as a DMV in other states) and for the title transfer process.
There are different types of New Mexico vehicle bills of sale, depending on the nature of the vehicle transaction. Some common types include:
Used for transactions between private individuals for personal property, including watercraft.
Used when purchasing a vehicle from a licensed dealer. After the transaction, the new owner may have to report the odometer reading and register their vehicle with the New Mexico MVD.
This states that the motor vehicle is sold without any warranty, and the buyer assumes all responsibility for the vehicle's condition after the sale.
Vehicle bill of sale forms aren’t legally required in the state of New Mexico. However, we recommend creating one as this legal document can officially record the transfer of ownership.
While you can create your own bill of sale, we recommend you use a fillable bill of sale template. This will ensure you include all the necessary details for a valid document.
No, a bill of sale and a title transfer are separate legal documents. The bill of sale documents the transaction, while the vehicle title transfer is the legal process of transferring the certificate of title from the seller to the buyer. Both are necessary when selling or buying a vehicle.
A New Mexico vehicle bill of sale should include several key details related to the transaction, such as the following information:
No. In New Mexico, there’s no legal requirement to have your vehicle bill of sale notarized by a notary public.
Yes, you can use a bill of sale form for various types of vehicles, including boats (using a boat bill of sale), motorcycles, and all-terrain vehicles.
Formswift is not a law firm and does not provide legal advice or representation. Formswift's documents are not a substitute for the advice of an attorney. Communications between you and Formswift are governed by the Formswift Privacy Policy but are not protected by the attorney-client privilege or as work product. Formswift does not provide advice, opinions, or recommendations about individual's legal rights, options, strategies, or the selection of forms. Your use of the Formswift website and forms is governed by the Formswift Terms of Service.
