Once you purchase a used vehicle in New Mexico, you have 30 days to complete the titling and registration process. For those used vehicles purchased outside of New Mexico, you have up to 90 days. Let the experienced, friendly customer service agents at MVD Express help you transfer the title of the used car you just purchased.
DEALERSHIP OR PRIVATE OWNER USED TITLE TRANSFERS
You might have either purchased or were gifted a used car from a dealership or private party. Although the documentation required to title the used vehicle will be the same, there are a few differences to note with respect to each:
The 3% title excise taxes are charged based on Price Paid that is provided from the dealership. If your vehicle is being financed, the financial institution or lien holder will retain the title until the loan is paid off in full.
Private Party Transfers
The 3% title excise taxes are charged based on the National Automobile Dealership Association listings. If you purchased your vehicle below its listing price on the NADA website, you will still be charged the excise tax on the NADA listing price.
Vehicles received as a gift will require an “Affidavit of Gift of Motor Vehicle or Boat, MVD form 10018. This affidavit must be original and contain notarized signatures from both parties.
If your obtaining the title to your used vehicle is more complicated, the friendly customer service agents at MVD Express will navigate the New Mexico MVD system on your behalf. We can advocate for your case on your behalf to get your vehicle properly titled.
AVOID LATE FEES AND TITLE YOUR VEHICLE TODAY
No one likes paying extra title fees for the same end result. By registering your vehicle on time at MVD Express, you can avoid paying a $20.00 title transfer fee and an increase to 4.5% excise tax fee from the original 3%. You don’t even have to wait in line to transfer your used car title at MVD Express. Contact us today to schedule an executive services appointment to take care of the necessary paperwork before you stop in to pick up your transferred title!