The New Mexico DMV Bill of Sale is a legally binding document that signifies the transfer of ownership of a vehicle from one party to another. This document, known as the New Mexico DMV Bill of Sale, details important information about the transaction and includes pertinent details such as vehicle identification number (VIN), make and model, year of manufacture, odometer reading, and purchase price.
The New Mexico DMV requires this bill of sales to completed accurately by both the seller and buyer in order for it to valid. Furthermore, it must also include signatures from both parties involved and should ideally notarized for added authenticity. The use of passive voice emphasizes that this document required by law in order to protect the rights and interests of all parties involved in a vehicle sale transaction within New Mexico jurisdiction.