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We Buy Cars in New Mexico
PutInYourVIN.com is the most convenient way to sell a car for cash in New Mexico. We buy cars throughout New Mexico and make it simple to sell any car, no matter where it is in the state or what condition it is in.
Free Pickup Included in New Mexico
PutInYourVIN.com is ready to make you an offer if you live in or near one of the New Mexico cities listed below. We will even come to tow your car away for free!
New Mexico FAQs
At PutInYourVIN.com, we generally require a vehicle title to purchase a car in New Mexico. The title is a vital document proving ownership, essential for a legal and seamless transaction.
If you have lost or misplaced your title or are encountering any difficulties, we recommend reaching out to our customer service team for assistance. They can provide guidance tailored to your unique situation and advise you on what steps to take next. In certain cases, it may be necessary to obtain a duplicate title from the New Mexico Motor Vehicle Division prior to selling.
Always remember a title safeguards the seller and the buyer, ensuring a transparent and legitimate sale.
There are several possible reasons why your New Mexico title may not look the same as the ones you see online:
Title Design Changes: States often refresh their vehicle title designs, which means that your version may be either older or newer than what you see online.
Title Types: In New Mexico, various types of titles, including salvage or rebuilt titles, can appear distinct from the typical clean titles.
Mistakes or Counterfeits: It is essential to exercise caution, even if it is not a common practice. Ensure your title is genuine and has not been issued by mistake or fraudulently.
Here’s what you should do:
Verify with MVD: To verify the authenticity of your title, you can contact the New Mexico Motor Vehicle Division (MVD). They can clarify the design and confirm whether your title is legitimate.
Consult with PutInYourVIN.com: Let us take a look! Our team at PutInYourVIN.com is familiar with various titles and can help identify and guide you on the best steps to take.
Lost or Damaged Title: If you are uncertain about the validity of your title or suspect it has been lost, it may be helpful to apply for a duplicate title through the New Mexico MVD.
Before selling your car, it is essential to address any concerns about the authenticity of its title. This will ensure a smooth, transparent, and legal transaction that benefits both the seller and the buyer.
When selling your car in New Mexico, keeping your license plate is important. Here are the details you need to be aware of:
Keep the Plate: In New Mexico, license plates are assigned to the owner rather than the vehicle. Therefore, it is important to remove the license plate after selling your car.
Transferring to a New Vehicle: In case you buy a new vehicle, you can shift your retained plate to it. However, you must inform the New Mexico Motor Vehicle Division (MVD) and follow the correct plate transfer procedure.
Returning the Plate: If you are not planning to use your license plate on another vehicle or if you are moving out of the state, it is recommended that you return them to the MVD or dispose of them properly. Although it is not required by law in New Mexico, returning unused plates will prevent them from being used inappropriately.
Cancel Insurance: It’s important to inform your insurance company once you sell your car. This will help you avoid any future complications or liabilities. Once you’ve notified your insurance, you can then think about returning or recycling the license plate.
At PutInYourVIN.com, our team can guide you on how to handle license plates and other post-sale procedures. This will help you have a seamless experience. It’s important to keep track of the details to save time and avoid potential headaches down the road.
If you have recently sold your car, taking care of your auto insurance is essential to avoid unnecessary charges and complications. To help you navigate this process, we have created a simple and easy-to-understand guide for managing your auto insurance after the sale.
Navigating Auto Insurance After Selling Your Car
Notify Your Insurance Company:
- Once you have completed the sale, contacting your insurance agent or provider is essential. Let them know the date of the sale and discuss any necessary adjustments or termination of your policy.
- If you are changing vehicles, transferring your insurance coverage to the new car may be possible.
Ask About Potential Refunds:
- If you have made an advanced payment for your policy, you may be entitled to receive a prorated refund for the portion that was not used. This, however, is subject to the policies of your insurance company.
- It’s important to keep documentation of the sale, such as the bill of sale, release of liability, and any other relevant papers. This will come in handy if there are any inquiries about the ownership of the vehicle or your insurance coverage during that time.
Avoid Gaps in Coverage:
- When buying a new vehicle, having insurance before or immediately after selling your old one is essential. Even a short coverage gap can result in increased premiums or complications in the event of an incident.
Reevaluate Your Insurance Needs:
- When you sell your car, assessing your insurance coverage is a good idea. Your insurance needs can change depending on whether you’re downsizing, upgrading, or going car-free. Speaking with your agent about creating a new policy tailored to your current situation is essential.
Consider Keeping Non-owner Insurance (if going car-free):
- If you have sold your car but still plan to drive occasionally, such as renting a car or borrowing a friend’s vehicle, it may be wise to consider non-owner auto insurance. This type of insurance offers liability coverage and can protect you while driving a car you do not own.
When you sell your car, it can feel like a significant change. However, ensuring everything is handled correctly is crucial, especially regarding insurance. You should inform your insurance provider and make any necessary adjustments to your coverage. This way, you can move forward confidently, knowing everything is in order.
If you’ve sold your car in New Mexico, it’s crucial to take the necessary steps to ensure all legal and administrative procedures are correctly handled. To help you out, we’ve provided a helpful guide to follow.
Post-Sale Checklist for Selling a Car in New Mexico
Bill of Sale:
- Although not required by law in New Mexico, it is advisable to provide a bill of sale for both the seller and the buyer. This document serves as evidence of the transaction and includes the purchase date, sale price, and details of both parties involved.
- Please ensure that you sign and date the title, providing all necessary information. The buyer must also sign it and may have to visit the New Mexico Motor Vehicle Division (MVD) to finalize the transfer.
Remove License Plates:
- In New Mexico, license plates are tied to the owner, not the car. Hence, when selling your vehicle, it is essential to remove the plates. You can keep them for future use on another car or return them to the MVD. If you do not need the plates, it is advisable to store them securely.
Notify the MVD:
- Although the buyer will handle most of the registration process, informing the MVD about the sale is advisable. By doing so, you can ensure that the vehicle is no longer linked to your name, protecting you from any future liabilities.
Cancel or Transfer Auto Insurance:
- Contact your insurance provider to take care of your insurance needs after a sale. Depending on your situation, they can help you transfer the policy to a new vehicle, make adjustments, or cancel it entirely.
Release of Liability:
- It is essential to take this step to safeguard against any potential liability in the event of an incident or fines before transferring ownership. Although New Mexico does not have a specific release of liability form, the MVD can offer advice on how to document and notify the change in ownership properly.
- It’s essential to hold onto copies of all documents associated with a transaction, including the bill of sale, title, and any notifications or communications, even after the sale is complete. This will come in handy in case of any future questions or disputes.
Finalize Loan (if applicable):
- When selling a car with a lien, use the sale proceeds to pay off the Loan. The lending institution will provide a lien release that you should keep and possibly give to the buyer as proof that the vehicle is no longer subject to liens.
It’s important to remember that selling your car doesn’t end with handing over the keys. To ensure a smooth transition and protect yourself from future complications, it’s necessary to take some post-sale steps.
New Mexico Vehicle Guides
Looking to get a New Mexico (NM) car title replacement or duplicate? Read about the New Mexico replacement title process here.