New Mexico Trailer Bill of Sale Form
A New Mexico trailer bill of sale form certifies the change of trailer ownership among two (2) individuals. By completing the document, the owner officially sells, assigns, and transfers all rights, titles, and interests in the trailer to the buyer. The purchaser acknowledges and agrees to make a full payment for the property or trade it as noted in the bill of sale. Both parties must willingly enter into the arrangement and respect its terms. Specifically, the buyer must understand that they accept the trailer in “as-is” condition, meaning it does not have warranties or representations.
What is a New Mexico Trailer Bill of Sale?
A New Mexico trailer bill of sale provides a statement of ownership and legal transfer of a trailer from one party to another. The buyer officially decides to take possession of the trailer upon the execution of this agreement. Similarly, the seller consents to the delivery of the property to the purchaser. The trailer must remain in the same condition as when sold, with reasonable wear and tear excepted. Buyers can also pick it up to prevent transportation damages or issues on the seller’s behalf. Both individuals must establish this plan during the transaction to avoid delays or confusion upon the sale.
How to Register a Trailer (3 Steps)
All trailers in New Mexico must have a title and registration. The only exemptions include 1) nonresidents transporting products from another state to a farm and 2) farmers bringing their products to market, fairs, and rodeos using a registered vehicle weighing less than 10,000 pounds gross vehicle weight (GVW). Title and registration must occur within thirty (30) days of purchasing to avoid penalties.
Step 1 – Title
Trailers in New Mexico require a title. This process generally happens when registering the unit. The Motor Vehicle Division (MVD) must have proof of ownership to issue an official title. A manufacturer’s certificate of origin (MCO) or dealer’s invoice qualifies for new trailers. Similarly, the office accepts the previous certificate of title or bill of sale for used rigs.
Step 2 – Registration
Per state law, trailers must have valid registration before entering public roadways. Utility trailers, not for commercial use, weighing under 6,001 pounds GVW qualify for permanent registration. New Mexico MVD offices accept the paperwork and payment and then provide tags.
Individuals with a permanent registration do not need to renew, whereas others must reapply every one (1) or two (2) years. Permanent registration costs a one-time fee of $25 for the first 500 pounds and $5 for every 100 pounds after that. Residents must pay $5 to transfer a permanently registered trailer.
Registrars must make an appointment with an MVD office and bring proof of ownership (i.e., title, MCO, dealer’s invoice, bill of sale, etc.), proof of residency, and identification. Trailers previously titled and registered out-of-state require a vehicle identification number (VIN) inspection certification, as well.
Step 3 – Renew
Trailers without a permanent registration require renewal every one (1) or two (2) years. Owners can find the expiration date on their validation sticker and Certificate of Registration. Late fees apply to individuals who fail to renew their tags on time.
While the first registration must occur in person, residents can renew online, by mail, or at a physical location. To ensure a smooth transaction, they must have their renewal notice and payment ready when reapplying. Furthermore, the online system accepts credit cards, while mail-ins require a check. In-person offices allow cash or a check.