In NM, do you have to notify DMV when you sell your car?

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Table
  1. Notify DMV: Sold Car in NM
  2. Returning License Plates in NM: Necessary or Optional?
    1. Selling a Car in New Mexico: Title Filling Made Easy

Notify DMV: Sold Car in NM

To notify the DMV about selling a car in NM, follow these steps:

1. Visit the official website of the New Mexico DMV.
2. Look for the section related to vehicle transactions or vehicle registration.
3. Find the specific form or online service for notifying the DMV about selling a car.
4. Fill out the required information, which may include the buyer's details, vehicle identification number (VIN), and selling price.
5. Submit the form electronically or print it out and mail it to the address provided.
6. Keep a copy of the notification for your records.

Remember to complete this notification promptly after selling your car to ensure a smooth transfer of ownership and avoid any potential liability.

Returning License Plates in NM: Necessary or Optional?

Returning license plates in New Mexico is necessary according to state law. When a vehicle is sold, transferred, or no longer in use, the license plates must be returned to the New Mexico Motor Vehicle Division (MVD). Failure to do so may result in fines or penalties.

Here are some important points to consider:

1. Returning plates is mandatory: New Mexico law requires license plates to be returned to the MVD when a vehicle is no longer in use or ownership is transferred. This applies to both standard and specialty license plates.

2. How to return plates: Plates can be returned in person at any MVD office or by mail. When returning plates by mail, it is recommended to send them via certified mail to ensure they are received by the MVD.

3. Consequences of not returning plates: Failure to return license plates may result in fines or penalties. Additionally, the previous owner may still be held responsible for any tickets or violations incurred by the vehicle after the sale or transfer if the plates were not returned.

4. Proof of plate return: It is important to keep a record of returning the license plates. This can be done by obtaining a receipt when returning plates in person or by keeping a copy of the certified mail receipt if returning them by mail.

5. Exceptions: There are some exceptions to returning license plates, such as when a vehicle is transferred within the immediate family or if the vehicle is being transferred to another state. In these cases, it is recommended to contact the MVD for specific instructions.

Returning license plates in New Mexico is a necessary step to ensure compliance with state laws and avoid potential fines or penalties. It is important to follow the proper procedures and retain proof of plate return for your records.

Selling a Car in New Mexico: Title Filling Made Easy

Selling a car in New Mexico is a straightforward process, with title filling made easy. Here are the steps to follow:

1. Obtain the necessary documents: Before selling your car, make sure you have the title certificate, which proves ownership, and a bill of sale. You may also need to provide a lien release if there is an outstanding loan on the vehicle.

2. Complete the title transfer section: On the back of the title certificate, fill out the seller's information, including your name, address, and signature. Ensure that the buyer's information is also completed accurately.

3. Provide odometer disclosure: Fill in the odometer reading on the title certificate or provide a separate odometer disclosure statement if required. This step is crucial to comply with federal law.

4. Fill out the bill of sale: Create a bill of sale that includes the vehicle details, buyer and seller information, sale price, and date of sale. Both parties should sign and keep a copy for their records.

5. Release the lien (if applicable): If there is an outstanding loan on the vehicle, you must obtain a lien release from the lender and provide it to the buyer.

6. Submit the documents: Give the completed title certificate, bill of sale, and any other required documents to the buyer. Make sure to keep a copy for yourself.

7. Remove your license plates: Before handing over the car, remove your license plates. In New Mexico, license plates stay with the owner, not the vehicle.

Remember to follow all state laws and regulations when selling a car in New Mexico. It's always a good idea to consult the New Mexico Motor Vehicle Division or a professional for specific guidance.

Yes, you do need to notify the Department of Motor Vehicles (DMV) when you sell your car in New Mexico. It is important to complete the necessary paperwork and inform the DMV about the sale to avoid any future liabilities or complications. Remember to provide the buyer with a bill of sale and keep a copy for yourself. Good luck with your car sale! Goodbye.

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