New Mexico Vehicle Bill of Sale and Promissory Note
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Used for the sale of a vehicle like a car, van, truck, trailer or motorcycle with installment payments. It offers the option to sell the vehicle "as is" or with a warranty.
Instant Download
$19.95
Free eSignature included
File types included
- Microsoft Word
- Adobe PDF
- WordPerfect
- Rich Text Format
Compatible with
- Windows
- Mac OS X
- Linux
For Immediate Download
$19.95
Free eSignature included
with every order
Attorney prepared
Our forms are kept up-to-date and accurate by our lawyers
Valid in your state
Our forms are guaranteed to be valid in your state
Over 3,500,000 satisfied customers
Free eSignature
Sign your form online, free with any form purchase
60-Days Money Back
Try our forms with no risk
25+ Years Trusted
Serving customers since 2001
The Automobile/Vehicle Bill of Sale form in this packet is designed to document the terms and conditions of the transaction and to protect the rights of both the seller and buyer. 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 form to help prove ownership of the vehicle.
An Odometer Disclosure Statement is also included in this packet since federal law provides that the seller reveal the mileage upon transfer of ownership.
This Vehicle Bill of Sale form also allows the option to sell the vehicle “as is” or with some type of express warranty.
The Promissory Note for Purchase of Vehicle that is also part of this packet, is useful to protects the seller and to avoid possible problems in the future, and permits payment in monthly installments.
This Automobile/Vehicle Bill of Sale and Promissory Note packet also include simple instructions that guide you through each provision making it simple to easily understand the terms of your legal document.
These Important provisions are included in this New Mexico Automobile / Vehicle Bill of Sale and Promissory Note:
- Consideration paid: This provision indicates the sum paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
- Name and Address of Seller and Buyer : Identifies and locates the parties to this sale in case of a dispute;
- Make/ Model/ Year/ Mileage/ Vehicle identification number:Identifies the vehicle being sold;
- Covenant of Ownership: 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.;
- Optional AS-IS Clause: Seller is not making any implied or express warranties as to the condition of the vehicle;
- Promissory Note: Documents the terms and conditions for the Promissory Note, including amount, payments, interest rate and vehicle information;
- Odometer Disclosure Statement: Under Federal Law, the seller must disclose the mileage upon transfer of ownership;
Protect Yourself, Your Rights, and Your Property, with our up-to-date forms.
This packet prepared by lawyers contains:
- Step by Step Instructions, easy to use checklist, and important facts for the New Mexico Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
New Mexico Vehicle Bill of Sale and Promissory Note
Product Details
| Product | New Mexico Vehicle Bill of Sale and Promissory Note |
| Country | United States |
| Pages | 7 |
| 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 | Vehicle Bill of Sale and Promissory Note |
| Product number | #17145 |
| 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
This packet includes a Vehicle Bill of Sale, a Promissory Note for Purchase of Vehicle, an Odometer Disclosure Statement, and step-by-step instructions for completing the forms.
While notarization is not required for a Vehicle Bill of Sale in New Mexico, it can provide additional legal protection and verification of the parties' identities.
The Promissory Note outlines the terms of payment, including any penalties for missed payments. It is advisable to consult a legal professional for guidance on enforcing the terms.
While it is possible to sell a vehicle without a formal bill of sale, doing so increases the risk of disputes and may complicate the transfer of ownership. It is recommended to use this form for legal protection.
Yes, the seller must disclose any known issues with the vehicle, especially if selling it 'as is'. Failure to do so may lead to legal repercussions.
If the vehicle has a lien, the seller must disclose this information to the buyer. The sale may require additional steps to clear the lien before the transfer of ownership.
The Odometer Disclosure Statement must be filled out with the current mileage of the vehicle at the time of sale. Both the seller and buyer should sign this statement to confirm its accuracy.
Is This Form Right For You?
Use This Form If:
- Individuals who are selling their vehicle and wish to receive payments over time can utilize this form to outline the terms of the sale clearly. This ensures that both parties are aware of their obligations and protects the seller's rights in case of default.
- Situations requiring a formal record of vehicle ownership transfer often arise when a buyer is purchasing a vehicle from a private seller. This form provides the necessary documentation to prove ownership and may be required for registration purposes.
- For those looking to sell a vehicle 'as is', this form allows sellers to clearly state that no warranties are provided regarding the vehicle's condition. This protects the seller from future claims related to the vehicle's performance or issues.
- Buyers who are financing a vehicle purchase through installment payments can benefit from the included promissory note, which outlines payment terms and conditions. This legal document ensures that both parties understand the financial obligations involved.
- In cases where a vehicle has a lien or other encumbrance, this form helps clarify the seller's obligations to disclose such information. It protects the buyer from potential legal issues related to ownership disputes.
Do Not Use If:
- – This form is not appropriate if the vehicle is being sold for parts only, as it may not cover the necessary legal protections for such a transaction. In these cases, a different type of agreement may be needed.
- – If the vehicle is subject to a lease or financing agreement, using this form could lead to legal complications. It is essential to resolve any outstanding obligations before selling the vehicle.
- – In situations where the seller is not the legal owner of the vehicle, this form should not be used. The seller must have the legal right to sell the vehicle to avoid potential disputes.
- – When selling a vehicle across state lines, additional legal requirements may apply. This form is specific to New Mexico and may not be sufficient for transactions governed by other states' laws.
- – If the buyer and seller do not agree on the terms of the sale, this form should not be used until all parties reach a consensus. A lack of agreement can lead to misunderstandings and legal issues.
Save with a Combo Package
You've found your form, but will you need others? If there are other related forms you may need in the future, it may be beneficial to look at our combo packages. On average, customers who purchase a combo package save 40% on the related forms they need.
Save Money by getting our popular Bills of Sale forms together in one convenient packet
Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
Related Forms
Promissory Note - Installment
Promissory Note - Installment (Multiple States) This form is used when one person (Lender) lends mo...
Promissory Note - On Demand
Promissory Note - On Demand (Multiple States) This form is used when one person (Lender) lends mone...
Promissory Note - Balloon Payment
Installment Promissory Note with Final Balloon Payment for use in all states.
Promissory Term Note
Promissory Term Note requiring principal and reamining interest to be paid on a certain date. Can be...
Promissory Note - Installment - Secured
Secured Installment Promissory Note and Security Agreement for use in all states. Allows to make a l...
Promissory Note - Term- Secured
Secured Term Promissory Note and Security Agreement for use in all states. Allows to make a loan sec...
Looking for something else?
Search our extensive library of legal forms