New Mexico Automobile Bill of Sale
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Form to use when buying or selling a vehicle in New Mexico. Includes Odometer Disclosure Statement - Use for the sale of cars, vans, trucks, trailers or motorcycles.
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This legal form is also helpful for accounting and tax purposes and includes the make, model, year, mileage, and vehicle identification number (VIN) of the vehicle. The buyer can use an Automobile/ Vehicle bill of sale to help prove ownership of the vehicle.
An Odometer Disclosure Statement is also included in this Automobile/Vehicle Bill of Sale packet since federal law mandates that the seller state the mileage upon transfer of ownership.
These important provisions are included in this All Automobile / Vehicle Bill of Sale:
- Consideration paid: This provision states the amount paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
- Seller's and buyer's name / address: Locates and identifies the parties to this sale in the event of a dispute;
- Make/ Model/ Year/ Mileage/ Vehicle identification number: Identifies the vehicle being sold;
- Ownership Covenant: Seller warrants that he/she is the true owner of vehicle and has the right to sell the vehicle;
- Encumbrance Covenant: Seller warrants that the vehicle is free from any lien, security interest or other encumbrance;
- Defend Covenant: Seller will defend vehicle against any claims or demands.
Protect your Rights and Property, by using our professionally prepared up-to-date forms.
This attorney-prepared packet includes:
- Instructions and checklist for Automobile / Vehicle Bill of Sale
- Information for Automobile / Vehicle Bill of Sale
- All Automobile / Vehicle Bill of Sale
- Odometer Disclosure Statement
New Mexico Automobile Bill of Sale
Product Details
| Product | New Mexico Automobile Bill of Sale |
| Country | United States |
| Pages | 4 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Automobile Bill of Sale |
| Product number | #16194 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
An Automobile Bill of Sale is a legal document that records the sale of a vehicle between a buyer and a seller. It includes essential details such as the vehicle's make, model, year, VIN, and the sale price.
Yes, federal law requires that sellers disclose the odometer reading at the time of sale. This statement helps prevent odometer fraud and ensures the buyer is aware of the vehicle's mileage.
Yes, even if you are gifting a vehicle, it is advisable to use a Bill of Sale. This document provides a record of the transfer of ownership, which can be important for tax purposes and future registration.
This Bill of Sale is designed for various types of vehicles, including cars, trucks, vans, motorcycles, and trailers. It is important to ensure that all relevant details are accurately filled out.
Not using a Bill of Sale can lead to potential disputes over ownership and may complicate the vehicle registration process. It is a crucial document that protects both the buyer and seller in the transaction.
Is This Form Right For You?
Use This Form If:
- Individuals who are buying or selling a vehicle in New Mexico need this form to ensure that the transaction is legally documented. This protects both parties by clearly stating the terms of the sale and providing proof of ownership.
- Situations requiring a formal record of a vehicle sale, such as when a family member gifts a car or when a vehicle is sold at a public auction, necessitate the use of this bill of sale. It serves as a critical document for tax purposes and future ownership verification.
- To comply with federal regulations, sellers must disclose the odometer reading at the time of sale. This form includes an Odometer Disclosure Statement, which is essential for preventing fraud and ensuring accurate mileage reporting.
- For those transferring ownership of a vehicle, this bill of sale is vital for establishing legal rights. It includes important details such as the make, model, and VIN, which are necessary for registering the vehicle in the new owner's name.
- Buyers seeking to finance a vehicle purchase may require this form to present to lenders as proof of the transaction. Having a properly executed bill of sale can facilitate the financing process and help secure loans.
Do Not Use If:
- – This form is not appropriate for transactions involving vehicles that are not titled, such as off-road vehicles or certain types of trailers that do not require registration. In such cases, other documentation may be needed.
- – If the vehicle is being sold for parts only, a different type of agreement may be more suitable. A Bill of Sale typically implies that the vehicle is operational and being sold as a whole.
- – In situations where the seller is not the legal owner of the vehicle, such as when the vehicle is financed or leased, this form should not be used. Proper authorization from the lienholder is necessary for the sale.
- – For transactions conducted outside of New Mexico, this form may not be valid. Each state has its own requirements and forms for vehicle sales, and using the wrong form can lead to legal complications.
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