Where To Sign Car Title in New Mexico
To sign a car title in New Mexico, follow these steps:
1. Fill out the seller section: As the seller, you need to complete the appropriate sections on the front of the title. This includes providing your full name, address, and date of sale. Make sure to sign and date the title where indicated.
2. Provide the buyer’s information: In the buyer section, the new owner’s full name and address must be entered. If there are multiple buyers, all their information should be included.
3. Odometer disclosure: If the vehicle is less than ten years old, you must provide the current mileage reading on the title. Both the seller and buyer need to sign and date this section.
4. Release of lien (if applicable): If there is a lienholder listed on the title, they must complete the appropriate section to release their interest in the vehicle. This typically includes their name, address, and signature.
5. Notarization: In New Mexico, it is not required to have the title notarized. However, it is recommended to have the signatures notarized to prevent any potential issues in the future.
6. Provide the title to the buyer: Once all the necessary sections are completed, hand over the signed title to the buyer. It is essential to keep a copy of the signed title for your records.
Remember, these instructions are specific to New Mexico, and it’s always advisable to consult the New Mexico Motor Vehicle Division or a professional for any specific questions or concerns regarding signing a car title in the state.
How To Transfer Car Title in New Mexico
To transfer a car title in New Mexico, follow these steps:
1. Obtain the necessary documents: You will need the current car title, a completed Application for Vehicle Title and Registration (Form MVD-10002), a bill of sale, and a lien release if applicable.
2. Complete the title transfer section: Fill out the back of the current car title with the buyer’s name, address, and purchase date. Both the buyer and seller must sign the title.
3. Complete the Application for Vehicle Title and Registration: Fill out Form MVD-10002 with the required information, including the vehicle identification number (VIN), make, model, and odometer reading.
4. Provide proof of identification: Both the buyer and seller must provide a valid form of identification, such as a driver’s license or passport.
5. Obtain a lien release if applicable: If there is a lien on the vehicle, the seller must provide a lien release from the lienholder.
6. Get a vehicle inspection: If the vehicle is over 10 years old or has an out-of-state title, it must pass a vehicle inspection. Contact your local Motor Vehicle Division (MVD) office to schedule an inspection.
7. Visit the MVD office: Bring all the required documents, including the completed title, application, bill of sale, lien release (if applicable), and proof of identification, to your local MVD office.
8. Pay the transfer fee: There is a fee for transferring a car title in New Mexico. Check the current fee schedule on the MVD website or contact your local office for the exact amount.
9. Receive the new title: Once all the documents are processed and the transfer fee is paid, you will receive a new car title in the buyer’s name. This may take a few weeks to arrive by mail.
It is important to note that these instructions are a general guide, and specific requirements may vary. It is recommended to contact the New Mexico Motor Vehicle Division or visit their website for the most up-to-date and accurate information regarding car title transfers in the state.
How To Replace Car Title in New Mexico
To replace a lost car title in New Mexico, you will need to follow these steps:
1. Obtain the Application for Duplicate Certificate of Title (Form MVD-10901): You can download this form from the New Mexico Motor Vehicle Division (MVD) website or visit a local MVD office to pick up a physical copy.
2. Complete the application: Fill out all the required information on the form, including your personal details, vehicle information (such as make, model, year, and VIN), and the reason for requesting a duplicate title.
3. Provide proof of identity: Attach a copy of your valid driver’s license or identification card to the application. Make sure the copy is clear and legible.
4. Provide proof of ownership: If you have any documentation that proves your ownership of the vehicle, such as a bill of sale or previous registration, include copies of these documents with your application.
5. Pay the fee: As of 2021, the fee for a duplicate car title in New Mexico is $5. You can pay this fee by check, money order, or credit card. Make sure to include the payment with your application.
6. Submit the application: Once you have completed the application, attached the necessary documents, and included the payment, you can submit it to the New Mexico MVD. You can either mail it to the address provided on the form or visit a local MVD office in person.
7. Wait for processing: After submitting your application, it may take a few weeks for the MVD to process your request and issue a duplicate title. If you need the title urgently, you can inquire about expedited processing options at the MVD office.
Note: If there are any liens on the vehicle, you may need to provide additional documentation or contact the lienholder for assistance in obtaining a duplicate title.
It is important to keep a copy of the duplicate title in a safe place to avoid losing it again in the future.
Click here to learn more about replacing title in New Mexico.
How To Get Bonded Title in New Mexico
Step 1 Determine Eligibility
Ensure your vehicle qualifies for a bonded title in New Mexico This typically means you have a vehicle without a title, and standard methods to obtain a title are not available to you
Step 2 Purchase a Surety Bond
Obtain a surety bond for twice the value of your vehicle You can get this bond from most insurance or bond companies The value of your vehicle can be determined by a certified appraisal or the NADA Guide
Step 3 Complete the Application
Fill out the Application for Title and Registration (Form MVD-10002) You will need to provide detailed information about the vehicle, including make, model, year, and VIN
Step 4 Gather Required Documents
Collect all necessary documents, including the surety bond, a certified vehicle appraisal (if applicable), identification, and proof of New Mexico residency
Step 5 Inspection
Have your vehicle inspected by a New Mexico MVD agent or a law enforcement officer to verify the VIN and ensure the vehicle is not stolen
Step 6 Submit Your Application
Take your completed application, surety bond, and all other required documents to your local MVD office Pay any applicable fees, which may include title fees, registration fees, and taxes
Step 7 Wait for Processing
After submitting your application, wait for the MVD to process your request This may take several weeks Once approved, you will receive your bonded title
Step 8 Maintain Bond
Keep the surety bond for at least three years During this time, if someone claims ownership of the vehicle and proves it, the bond may be used to compensate them
Remember, the process and requirements can change, so it’s a good idea to contact the New Mexico Motor Vehicle Division or visit their website for the most current information
Can I Transfer Car Title Online in New Mexico?
Yes, a car title can be transferred online in New Mexico.