Date and Parties
Date of Agreement: [[Date of Agreement]]
SELLER
Full Legal Name: [[Seller Full Legal Name]]
Address: [[Seller Street Address]], [[Seller City]], [[Seller State]] [[Seller ZIP]]
Phone: [[Seller Phone]] Email: [[Seller Email]]
Driver License / ID: [[Seller DL or ID Number]] State: [[Seller DL State]]
If Dealer: Dealer License Number: [[Dealer License Number]]
BUYER
Full Legal Name: [[Buyer Full Legal Name]]
Address: [[Buyer Street Address]], [[Buyer City]], [[Buyer State]] [[Buyer ZIP]]
Phone: [[Buyer Phone]] Email: [[Buyer Email]]
Driver License / ID: [[Buyer DL or ID Number]] State: [[Buyer DL State]]
Vehicle Description
| Field | Value |
|---|
| Year | [[Vehicle Year]] |
| Make | [[Vehicle Make]] |
| Model | [[Vehicle Model]] |
| Body Style | [[Body Style]] |
| Color | [[Vehicle Color]] |
| VIN | [[VIN]] |
| Odometer Reading | [[Odometer Reading]] miles |
| License Plate | [[License Plate Number]] |
| Title Number/State | [[Title Number]] / [[Title State]] |
Purchase Price and Payment Terms
Total Purchase Price: $[[Total Purchase Price]]
Payment Method: [[Cash / Check / Cashier's Check / Wire Transfer / Financing / Trade-In + Cash]]
Down Payment / Amount Paid at Signing: $[[Down Payment Amount]]
Trade-In Allowance (if any): $[[Trade-In Allowance]] (see separate trade-in addendum if applicable)
Balance Due at Delivery: $[[Balance Due]]
Other Consideration: [[Description of Other Consideration or "None"]]
The Total Purchase Price is the full and final agreed amount. No additional payments or side agreements exist unless documented in writing and attached to this Agreement.
Financing Disclosure (If Applicable)
If Buyer is financing any portion:
Lender Name: [[Lender Name]]
Loan Amount: $[[Loan Amount]]
APR: [[Annual Percentage Rate]] %
Term: [[Number of Months]] months
Monthly Payment: $[[Monthly Payment Amount]]
Buyer acknowledges receipt of Truth-in-Lending disclosures separately or attached.
Condition of Vehicle and Warranties
- The vehicle is sold in its present condition.
- Seller represents that Seller is the sole lawful owner and has clear title or authority to sell, free of liens except as disclosed: [[Lien Details or "None"]].
- Seller will deliver good and marketable title at closing, along with all keys, remotes, and maintenance records in Seller's possession.
- The odometer reading stated above is certified by separate Odometer Disclosure Statement signed concurrently.
- Except as expressly stated in writing, the vehicle is sold "AS-IS" with no warranties, express or implied, including merchantability or fitness for a particular purpose.
- Seller has disclosed all known material defects: [[Known Defects Disclosure or "None"]].
Delivery, Title Transfer, and Taxes
- Delivery shall occur on or before [[Delivery Date]] at [[Delivery Location]].
- Upon receipt of full payment and signed documents, Seller shall deliver the vehicle, signed title, bill of sale, and odometer disclosure.
- Buyer is responsible for all New Mexico title transfer, registration, and applicable sales tax or fees at the MVD or authorized agent.
- Sales tax rate and fees vary by location; Buyer should confirm current rates with the local MVD office.
- Risk of loss passes to Buyer upon delivery and full payment.
- Seller shall cooperate with any lien release or title correction required for clear title.
Cancellation and Default
- If Buyer fails to pay the balance when due or take delivery, Seller may retain the down payment as liquidated damages or pursue other remedies.
- If Seller fails to deliver clear title or the vehicle as described, Buyer may cancel and receive refund of amounts paid.
- This Agreement may be cancelled by mutual written agreement of the parties.
Signatures
SELLER
Signature: _______________________________ Date: [[Date]]
Printed Name: [[Seller Full Legal Name]]
BUYER
Signature: _______________________________ Date: [[Date]]
Printed Name: [[Buyer Full Legal Name]]
WITNESS (Optional)
Signature: _______________________________ Date: [[Date]]
Printed Name: [[Witness Name]]
Attachments and Addenda
- Odometer Disclosure Statement (required)
- Bill of Sale (if separate)
- Trade-In Addendum (if applicable)
- Financing documents and disclosures
- [[Additional Attachments or Schedules]]
Expanded Guidance and Compliance Notes
- Complete all fields before signing. Use actual current readings and values.
- Both parties should inspect the vehicle together and note condition in writing.
- Verify VIN matches on title, odometer statement, and vehicle dashboard.
- Obtain payoff letter from any lienholder prior to closing if applicable.
- Photograph the vehicle, odometer, and documents at handover for records.
- Retain signed originals for at least five years for tax and dispute purposes.
- Confirm exact titling requirements and sales tax with New Mexico MVD before transfer.
- If the vehicle is used for business, consult tax advisor regarding depreciation and reporting.
- For out-of-state buyers, ensure compliance with both New Mexico and destination state rules.
- Update insurance immediately upon delivery.
- Complete title application promptly to avoid penalties.
- Disclose any aftermarket modifications or alterations that affect value or safety.
- If dealer sale, ensure all required dealer disclosures and lemon law notices are provided.
- Keep copies of all receipts for parts, repairs, or accessories transferred with the vehicle.
- Consult the New Mexico MVD website or local office for the latest forms and fees as of June 2026.
Sources and Disclaimer
This template is intended to support private party and dealer vehicle transfers in New Mexico in accordance with general commercial practices and federal odometer and financing disclosure rules. New Mexico sales tax on vehicles, title fees, and transfer procedures are administered by the Motor Vehicle Division. Specific statutes and administrative rules may apply.
Sales tax rates, fees, and required forms change periodically. Always verify current requirements directly with the New Mexico MVD or county motor vehicle office as of June 2026.
⚠️ Template example - not professional legal or financial advice. This document does not create an attorney-client relationship. Consult a New Mexico licensed attorney and the New Mexico MVD for requirements specific to your transaction. All [[Merge Fields]] must be replaced with accurate information. Verify all facts, figures, and clauses against primary sources and current law.
As of: June 2026
End of New Mexico Vehicle Purchase Agreement
