At MVD Express, we’re proud to offer speedy and affordable DMV services to our customers throughout New Mexico. If you’ve recently purchased a new or used motor vehicle, it’s critical to obtain a vehicle title transfer before you can legally drive your automobile or motorcycle. When you schedule an appointment with our friendly and professional staff, we’ll make sure to walk you through the title process and answer any questions or concerns you may have. We offer several convenient DMV locations in Albuquerque, Rio Rancho, Santa Fe, and Las Cruces. Contact our experts today to learn more about our title services or to schedule your appointment!
New Automobile & Motorcycle Titles in New Mexico
If you’ve recently purchased a new car or motorcycle, congratulations! You’re probably very excited to get your new vehicle on the road, but first it’s important to obtain the proper title. If you purchased your motor vehicle from a New Mexico dealership or a private owner, you have a strict 30 days to transfer the title to your name. On the other hand, if you purchased your new vehicle out-of-state and plan to drive it in New Mexico, you have up to 90 30 days to transfer the title.
Lienholders & Vehicle Titles
If you are financing the new car or motorcycle you just purchased, your title will need to include information about the lienholder. The title of your motor vehicle will remain in the possession of the lienholder throughout the duration of your financing terms. Once you have paid off the loan completely, you’ll will be able to release the lien holder on your title.
What To Bring To MVD Express To Obtain Your New Vehicle Title
In order to transfer ownership of your car or motorcycle from the dealership quickly, come prepared with the necessary documents before you stop in to any of our locations around Albuquerque. To successfully transfer your new car title at MVD Express, bring in:
Additionally, you’ll be responsible for paying the fees associated with transferring a car title, including excise tax, registration and title fees.
Used Automobile & Motorcycle Titles in New Mexico
At MVD Express, we understand how complicated the title process can be for used vehicles. If you’ve purchased a used car or motorcycle in New Mexico, you have 30 days to complete the titling and registration process at your local DMV. If you buy a motor vehicle out-of-state and plan to drive it in New Mexico, you have 90 30 days to complete the registration process. The documentation required for this process will be the same as when you purchase a new vehicle, with a few differences including:
When you transfer a title to your name, there will be a three-percent title excise tax based on the dealership price of your motor vehicle. To include any charges to the buyer, including accessories, transportation delivery, and dealer prep fees. If your vehicle is being financed, the financial institution or lien holder will retain the title under their name until the loan is paid off in its entirety.
Private Party Transfers
The three-percent title taxes are charged based on the National Automobile Dealership Association’s (NADA) listing price. If you happened to purchase your vehicle below the original listing price on the NADA website, you will still be charged the excise tax based off the NADA pricing.
If you received an automobile or motorcycle as a gift, you will need the original affidavit of the transaction that contains the notarized signatures from both parties. Not sure where to start? Contact the experts at MVD Express today!
Avoid Late Fees
If you are unable to obtain the proper title documentation for your new or used vehicle, you’ll be charged with extra title fees. By registering your vehicle with MVD Express in Albuquerque, you can avoid paying the 20-dollar title transfer fee as well as the fees associated with your excise tax. If you’re late to register, your three-percent excise tax fee will increase to four-and-a-half percent.
MVD Express in Albuquerque & New Mexico
At MVD Express, we understand that you have a busy schedule. That’s why we offer each of our DMV customers fast and friendly title services so they can get in and out of our facility in little to no time at all. If you don’t have time to wait in line at one of our offices, you can schedule an executive services appointment to avoid the lines. Let our experienced and educated staff of customer service representatives help you transfer the title of your new or used motor vehicle quickly by scheduling an appointment today!