New Mexico Boat Bill of Sale Form

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A New Mexico boat bill of sale is used to mark the transfer of ownership of a boat from a seller to a buyer. The completed form serves as a record of the transaction and the purchase price, which will be used to calculate the excise tax the buyer must pay. A bill of sale can also be used as proof of ownership when the buyer applies for title and registration.

New Mexico Boat Bill of Sale Form

A New Mexico boat bill of sale is used to mark the transfer of ownership of a boat from a seller to a buyer. The completed form serves as a record of the transaction and the purchase price, which will be used to calculate the excise tax the buyer must pay. A bill of sale can also be used as proof of ownership when the buyer applies for title and registration.

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Last updated March 23rd, 2024

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A New Mexico boat bill of sale is used to mark the transfer of ownership of a boat from a seller to a buyer. The completed form serves as a record of the transaction and the purchase price, which will be used to calculate the excise tax the buyer must pay. A bill of sale can also be used as proof of ownership when the buyer applies for title and registration.

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New Mexico Boat Registration

All motorboats are required to be registered in New Mexico once ownership has transferred to a new party, and if they’re over 10 feet, they must also be titled.[1] Both registration and titling must be applied for within 30 days to avoid late penalties.[2]

To complete their application for title and registration, the new owner must visit an MVD office with the following[3]:

At the MVD office, the applicant will be required to pay excise tax on the boat, as well as titling and registration fees (see “Fees“).

Sources

  1. NM MVD – Boats & ATVs
  2. MVD-10003 (Penalties)
  3. MVD-10009 (Instructions)