New Mexico has its own laws for buying and selling used cars. This guide will help you through the process.
Step 1 - Research the Car’s History
PrivateAuto has partnered with AutoCheck, the report which delivers the best value for the price. It can show you a lot about the car’s history.
- Liens on the title.
- Branded title (total loss, fire/flood damage, rebuilt from salvage).
- Maintenance records.
- Accidents reported.
Step 2 - Test Drive the Car
Arranging a test drive can lead to continuous back-and-forth texts and phone calls. When you shop with PrivateAuto, you have access to the test drive scheduler.
Choose from the available appointment times and meet the seller at the locale shown.
Step 3 - Get an Inspection
You’re buying the car as-is. That is, once you close the deal, you’re responsible for any repairs. An inspection can uncover hidden mechanical problems.
PrivateAuto includes an inspection scheduling tool. It lets you book an inspection with a local ASE certified mechanic.
Step 4 - Complete the Paperwork
Certificate of Title
Complete the Assignment of Title section on the certificate.
- Your name and address.
- Odometer reading
- Purchase price.
- Purchase Date.
- Signatures - you and the seller.
Bill of Sale
You don’t need a bill of sale in New Mexico if the title has room for the required info. It’s still a good idea to have one as proof of purchase.
Step 5 - Complete the Deal
If you can, close the deal at a New Mexico Motor Vehicles Division (MVD) office. It’s the best way to make sure you have everything taken care of.
- Registration/license plates.
- New title.
- Pay Motor Vehicle Excise Tax.
When you shop for a used car from a private party, PrivateAuto gives you dealer-quality services without the dealer.
- Ready-to-sign electronic documents.
- Test drive scheduler.
- Inspection scheduler.
- Verifies seller ID so you can avoid scams.