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How to Sell a Car in New Mexico?
There are three main ways to sell your car in New Mexico:
Jump to: Sell Car Privately
Jump to: Sell Car to Car Buying Website
Jump to: Sell Car to Dealership
PrivatelyCar Buying WebsiteDealershipTurnaround7-14 days24-72 hours7-10 daysEffort neededMostFill online formVisit officeBest forUsed carsJunk and old carsMostly new cars
Sell Car Privately in New Mexico
Step 1: Get Your Car Ready for the Photoshoot
To acquire the most enticing photographs to entice customers, ensure your automobile is photoshoot-ready first. Here’s how to go about it:
Take out trash
Remove your personal belongings
Go to a car wash and clean both interior and exterior
Vacuum the floor mats
Once your car is ready, take some shots from various angles so it can attract buyers.
Step 2: List Your Car for Sale Online
You need a platform to connect with customers when selling an automobile in New Mexico. The good news is that there are various marketplaces that can help you with the process.
Submit your photographs, write a crisp and accurate description, and then post your ad to let buyers know your vehicle is for sale.
Best platforms to consider listing your vehicle on include:
Step 3: Agree to a Car Inspection (If Asked)
If you have a legitimate buyer, they may only proceed with the transaction if you allow them to inspect the vehicle. Don’t allow this requirement to derail the purchase; instead, agree to get your automobile examined. Buyers normally pay for the inspection because it is not a mandatory requirement.
If you want to look professional, have your CARFAX Vehicle History Report accessible to inform the buyer about the vehicle’s history and condition.
Step 4: Gather Paperwork
Certificate of Title
You’ll need to fill out the back of the Certificate of Title with the following details:
Buyer name and address
Odometer reading
Selling price
Date of sale
Signatures – of you and the buyer
If your certificate doesn’t have an assignment of title section, you’ll need to complete any of the following documents:
Bill of Sale
A bill of sale is not required in New Mexico unless the title lacks an assignment of title area. However, it’s still a good idea for you and the buyer to have duplicates. It can assist you both if any legal or tax concerns arise.
Vehicle History Report
While Vehicle History Report isn’t a state requirement, a Bumper report may show that you’re a trustworthy seller.
Step 5: Arrange a Test Drive
Some buyers may request test driving the vehicle before making a final decision. So make sure you keep your schedule flexible in arranging it.
For safety reasons, I recommend you meet the buyer in a crowded space, such as street parking. Also, require the buyer to show you the driving license and auto insurance.
Step 6: Remove the License Plates
Before you hand over the title and keys to the car’s new owner, make sure to remove the license plates. You can transfer your license plates to another car in your possession within 30 days. If you’re not planning on buying a new car, you can simply surrender your plates at a motor vehicle department or through the mail.
Step 7: Cancel Auto Insurance
Once you sell your vehicle, it doesn’t make sense to continue paying insurance fees. So make sure to cancel it before you encounter any additional fees.
Sell Car to Car Buying Website in Mexico
Peddle
Get your free offer instantly via online form or call on (855) 925 4302
$0 fees + you don’t have to pay for towing – Peddle will take care of it
Get paid in check during the pick up for any car (damaged, junk, wrecked)
CarBrain
Get an offer within 2 minutes and sell your damaged car within 24 hours
Free vehicle towing and no fees to getting rid of your damaged car
The tow truck driver will arrive with your check (nationwide service)
Wheelzy
Quick car evaluation without the hassle – sell your car within 30 min
Choose a convenient date and time for free pick-up, as soon as next day
Get cash in hand the same day the Wheelzy agent picks up your car
Selling a car to car-buying websites like Peddle, CarBrain and Wheelzy is a quick and easy process. Simply fill out an online application with your car details to get an instant offer – you have 7 days to consider the offer. If you accept the offer, the car-buying representative will visit your driveway within 48 hours to pick up your car.
What’s best, these companies also accept damaged cars.
Pro tip: Request quotes from all sites to accept the highest offer.
Peddle
Peddle Summary
Sell used, damaged or junk car nationwideGet instant quote on (855) 925 4302Free towing within 48 hours after offerReceive payment upon car collection
How Much Peddle Will Pay for Your Car in New Mexico?
The table below shows a few of the cars Peddle has recently purchased in New Mexico
MakeYearOffer ValueToyota (Corolla Matrix)2006$545Acura (3.2CL)2001$275Chevrolet (Cobalt)2008$190
Wheelzy
Wheelzy Summary
Wheelzy stores are open 7 days a weekGet offer in minutes – (855) 510-1108Free towing of your car from your locationInstant payment via cash or check
How Much Wheelzy Will Pay for Your Car in New Mexico?
Here are a few examples of Wheelzy’s recent purchases:
MakeYearMileageOffer ValueChevrolet (Equinox)2011Under 200,000$1,700Chevrolet (Silverado Extended Cab 4 doors)2002Under 100,000$230Nissan (Versa)2015Under 100,000$2,000
CarBrain
CarBrain Summary
Get an online offer within 2 minutesGet cash for your car in under 48 hoursCarBrain buys cars in over 7 conditionsUp to 7 days to accept CarBrain’s offer
How Much CarBrain Will Pay for Your Car in New Mexico?
The table below shows a few of the cars CarBrain has recently purchased in New Mexico
MakeMileageYearConditionOffer ValueToyota (Tacoma)59,0002013Collision Damage: Passenger Side$3067Chrysler (300)160,0002016Mechanical Damage: Does not start$6250Jeep (Wrangler)170,0002007Damage: Other$2850
Sell Car to Dealership
If you have a relatively new vehicle and would like to sell it fast, you should consider selling it to a dealership. Simply visit the local dealer near you and ask for a quote. The dealership will do a quick evaluation and give you the price offer. If it works for you, you can leave the dealership with cash or a check in hand.
Pro tip: To get the most money for your vehicle, I recommend visiting multiple dealerships and asking for a quote.
Best dealerships in New Mexico:
Sell Car in New Mexico FAQ
Is a Bill of Sale required for selling a car in New Mexico?
A bill of sale is not required for most private automobile sales in New Mexico. A bill of sale (form MVD-10009) is necessary if the purchase price or odometer statement are absent from the title.
How much is the sales tax on a car in New Mexico?
The tax is 4% of the vehicle’s purchase price minus any trade-in credit. Non-dealer sales, on the other hand, use the N.A.D.A. value if the reported purchase price is less than 80% of the N.A.D.A. average trade-in or wholesale value.
Does New Mexico car title need to be notarized?
All owners listed on the title must sign a notarized New Mexico Powers of Attorney (MVD-10037; or notarized generic POA). A lien release is required if you have a lien on the car.
How long does it take to get a duplicate title in New Mexico?
Whether you applied by mail or in person, the Motor Vehicle Division will complete your application and deliver your paperwork to you within one to two weeks.
How do I notify DMV that I sold my car in NM?
To notify DMV that you sold your car in New Mexico, you must complete and print the Notice of Vehicle Sold Form. then mail the completed form to Motor Vehicle Division. Attn: Sold Unit. P.O. Box 1028. Santa Fe, NM 87504-1028.