How to fill out the Form MVD-10002 in New Mexico
A field-by-field walkthrough of the New Mexico Form MVD-10002 (Application for Vehicle Title and Registration) for licensed used car dealers — what goes in every section, who signs what, and the documents you attach. Verified against the official form as of September 2026.
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Filling out the NM Form MVD-10002 after a sale:
- What it is
- New Mexico's combined application for vehicle title and registration, with the excise tax and odometer disclosure built in
- Who completes it
- On a dealer sale the dealer may prepare and submit it; the registered owner(s) sign the certification
- Where to file it
- New Mexico MVD (Taxation & Revenue Department) — the dealer submits title work or the buyer applies at an MVD office
- Processing time
- Apply within 30 days of purchase to avoid the $20 late transfer fee; within 90 days to avoid the 50% excise-tax penalty
- Cost
- 4% motor vehicle excise tax on price less trade-in + registration ($27–$62 for a one-year passenger registration) + MVD title/transaction fees
This guide is informational and does not replace the official New Mexico instructions. Always confirm the current form and procedure with New Mexico Taxation & Revenue Department — Motor Vehicle Division (MVD) before you file.
See the NM Form MVD-10002 filled — from just a VIN
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What the Form MVD-10002 is and why it matters
Form MVD-10002 is New Mexico's Application for Vehicle Title and Registration — one form that titles the vehicle in the buyer's name, registers it, records the lien, and carries its own odometer disclosure. When a buyer purchases through a dealer, the dealer may handle the application and collect the tax; MVD requires the purchase agreement or dealer's invoice on every dealer-sale title transaction.
The New Mexico quirk is the tax. Instead of gross receipts tax, a vehicle sale carries the Motor Vehicle Excise Tax: 4% of the price paid, less the trade-in, entered in the Sale Price / Less Trade-In / Net Difference / Net Excise Tax boxes on the form. Two clocks run from the sale: a $20 late transfer fee if the title application isn't made within 30 days, and a 50% penalty on the excise tax (an effective 6%) if the buyer hasn't applied within 90 days. New Mexico also uses a plate-to-owner system, so the seller's plate doesn't go with the car. This guide walks the REV. 05/24 form box by box.
MVD-10002 is the New Mexico Taxation & Revenue Department's combined title and registration application, processed by the Motor Vehicle Division (MVD). When a dealer submits title work for a buyer, MVD requires a completely filled-out title application plus the purchase agreement or dealer's invoice. New Mexico doesn't charge gross receipts tax on the vehicle itself — it charges a 4% motor vehicle excise tax, paid when the title is applied for. Download the current copy from the MVD Forms page (mvd.newmexico.gov/forms).
Documents to have before you start
Gather these before you complete the Form MVD-10002. A missing attachment is the number-one reason the New Mexico Taxation & Revenue Department — Motor Vehicle Division (MVD) bounces a title application back.
- The properly assigned title (or MCO for a new unit) — The Assignment of Title completed and signed; the prior title number and state go on the application.
- Purchase agreement or dealer's invoice — MVD requires it on every title transaction involving a dealer sale; the excise tax is based on the net sale price shown.
- Odometer statement — Seller and buyer both sign. The odometer disclosure on the MVD-10002 itself is one acceptable format.
- Proof of insurance — New Mexico minimum liability is $25,000 / $50,000 bodily injury and $10,000 property damage.
- Buyer's proof of identity and two proofs of New Mexico residency — Required for registration.
- VIN inspection, for an out-of-state vehicle — Done at MVD or by a certified VIN inspector.
Form MVD-10002, section by section
Vehicle description and type of title
The top block identifies the vehicle. The Title Number and Date of Issue boxes are for MVD. Enter the year, make, model/series, major and minor color, and the VIN — it must match the assigned title and the vehicle. Type of Title uses the printed codes: 01 First Time, 02 Title Transfer, 03 Lien Release, 04 Duplicate, 05 No Fee Correction, 11 Non-Negotiable. A used vehicle sold off the lot is normally a transfer; a new unit on an MCO is a first-time title.
| Field | Who fills it |
|---|---|
Year, Make, Model / Series, Color(s) Major / Minor | You (dealer) |
Vehicle Identification Number Must match the title and the vehicle. | You (dealer) |
Number of Liens | You (dealer) |
Secondary ID Number, Wt./Wheels, First Year Reg., Body Type | You (dealer) |
Type of Title (01, 02, 03, 04, 05, 11) 02 Title Transfer on a typical used sale. | You (dealer) |
Title Number, Date of Issue MVD use. | At the counter |
Registered owner and registration details
The buyer's name and mailing address as they'll appear on the title and registration, then the registration details: declared gross vehicle weight, cylinders, fuel type, odometer, plate number(s), brand, class, title use, the previous title number and state, and the date purchased — which starts the 30-day and 90-day clocks. The 1st registered owner's date of birth, Social Security / employer identification / CRS number and New Mexico driver license number go at the bottom. Checking Yes for the Nontraditional Communication/Disability Registry means form MVD-10126 must also be submitted.
| Field | Who fills it |
|---|---|
Name and Mailing Address of Registered Owner(s) | Buyer |
DGVW, Cyls., Type of Fuel (G / D / L / O) | You (dealer) |
Odometer Must match the odometer disclosure. | You (dealer) |
License Plate Number(s) Plates follow the owner in New Mexico. | Buyer |
Vehicle Brand, Vehicle Class, Title Use | You (dealer) |
Previous Title No. and State | You (dealer) |
Date Purchased Starts the 30-day late-transfer and 90-day excise-penalty clocks. | You (dealer) |
Fleet Number, Commercial Vehicle, "2290", 2-Year Registration, # of Passengers, # of Doors | Buyer |
Nontraditional Communication/Disability Registry (Yes) Yes requires form MVD-10126 too. | Buyer |
1st Reg. Owner D.O.B., SSN / EIN / CRS No., N.M. Driver License No. | Buyer |
First and second lienholder
If the buyer financed, the first lienholder's name and address go here with the lien file date and maturity date, so the lien is recorded on the title. A second lien has its own block. Leave both blank on a cash deal.
| Field | Who fills it |
|---|---|
First Lien Holder — Name and Address | You (dealer) |
First Lien — File Date, Maturity Date | You (dealer) |
Second Lien Holder — Name and Address, File Date, Maturity Date Only if there is a second lien. | You (dealer) |
Dealer, trade-in and residence
The middle strip ties the application to the dealer and the trade. Enter the Dealer License Number and, if a vehicle was traded, the Trade-In VIN — it backs up the trade-in credit claimed in the tax block. Canceled plate number applies when a plate is being canceled. Mobile home size, county and approximate location are for mobile homes only. Add the residence address if it differs from the mailing address. The Suspended By / Cleared By boxes are for MVD.
| Field | Who fills it |
|---|---|
Dealer Lic. No. | You (dealer) |
Trade-In VIN (If Applicable) Supports the Less Trade-In amount. | You (dealer) |
Canceled Plt. No. | Buyer |
Mobile Home Size, Cnty., Approximate Location Mobile homes only. | You (dealer) |
Residence Address If Different Than Mailing Address | Buyer |
Suspended By / Cleared By MVD use. | At the counter |
Sale price and Motor Vehicle Excise Tax
The right-hand column is where the excise tax is figured. Sale Price, minus Less Trade-In, gives the Net Difference; the Net Excise Tax is 4% of that. Under the Taxation & Revenue rule, "price paid" includes charges for accessories, transportation, delivery and dealer preparation, and is reduced by the trade-in and by discounts or rebates applied to the balance due at the time of sale. If the price paid doesn't represent the vehicle's value, the tax applies to its reasonable value instead — on non-dealer sales, MVD uses the NADA value when the declared price is under 80% of the NADA average trade-in value. The fee lines below it — registration, late registration penalty, veterans allowance, special plate, administrative, transaction, late transfer and duplicate title fees, and the total — are typically calculated when MVD processes the application.
| Field | Who fills it |
|---|---|
Sale Price Match the purchase agreement / dealer's invoice. | You (dealer) |
Less Trade-In The trade-in allowance is deductible. | You (dealer) |
Net Difference Sale price minus trade-in. | You (dealer) |
Net Excise Tax 4% of the net difference. | You (dealer) |
Registration, Late Reg. Penalty, Vets. Allowance, Net Registration | At the counter |
Spec. Plate Fee, Admin. Fee, Transaction Fee, Late Transfer Fee, Duplicate Title Fee, Total Fees | At the counter |
NM Excise tax & title fee calculator
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New Mexico's Motor Vehicle Excise Tax is 4% of the price paid less the trade-in allowance (no gross receipts tax on the vehicle, and no local add-on). "Price paid" includes accessories, transportation, delivery and dealer preparation; whether other charges belong in it, confirm with the Taxation & Revenue Department. If the title isn't applied for within 90 days, a 50% penalty applies to the tax (effectively 6%). A $20 late transfer fee applies after 30 days. One-year passenger registration runs $27–$62 by weight and model year; MVD administrative and transaction fees are added at processing. Confirm current fees with NM MVD.
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Odometer disclosure statement
Federal and state law require the seller to state the mileage on transfer. Enter the reading with no tenths and check one mileage code: AM (the actual mileage), EL (mileage in excess of mechanical limits) or NM (not the actual mileage — odometer discrepancy). On a dealer sale the dealer is the seller: print the name, sign and date; the purchaser prints, signs and dates too. A fraudulent odometer statement carries fines and/or imprisonment.
| Field | Who fills it |
|---|---|
Odometer reading (no tenths) | You (dealer) |
Mileage code: AM / EL / NM | You (dealer) |
Printed Name, Signature and Date — Seller | You (dealer) |
Printed Name, Signature and Date — Purchaser | Buyer |
Applicant certification
The 1st and 2nd registered owners print, sign and date, certifying the information is true and that they've complied with the Mandatory Financial Responsibility Act (insurance) for this vehicle. Paying the registration fee and MVD's acceptance of the application also count as that affirmation. The Accepted By and NCIC Check boxes are for MVD.
| Field | Who fills it |
|---|---|
Printed Name, Signature and Date — 1st Registered Owner | Buyer |
Printed Name, Signature and Date — 2nd Registered Owner If there is a co-owner. | Buyer |
Accepted By (MVD employee), Date, NCIC Check | At the counter |
The Form MVD-10002 is one car's paperwork. A 20-second read on your lot, and the tax-and-fee math for the whole deal — built for dealers, no signup. Free calculators dealers actually use — no signup, no email.
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Common Form MVD-10002 mistakes that cause rejections
A vehicle sale in New Mexico carries the 4% Motor Vehicle Excise Tax, paid at the time of application for title — not gross receipts tax at the local rate. It goes in the Net Excise Tax box on the MVD-10002, and there's no county or city add-on.
The trade-in allowance comes off the price before the 4% is applied. Put it in Less Trade-In and enter the Trade-In VIN so MVD can see what the credit is for. Taxing the full sale price overcharges the buyer.
MVD charges a $20 late transfer fee when the title application isn't made within 30 calendar days of the transfer, and after 90 days a 50% penalty is added to the excise tax. Keep the Date Purchased accurate and get the paperwork in well inside 30 days.
New Mexico is plate-to-owner: the plate belongs to the owner, not the vehicle, and must come off before delivery. The buyer's plate information goes on the application; don't transfer a plate that belongs to someone else.
MVD requires the purchase agreement or dealer's invoice on every dealer-sale title transaction, and the seller must disclose mileage with the right code (AM, EL or NM). A missing invoice or unsigned odometer section stalls the title.
Common questions
What form do I use to title and register a vehicle in New Mexico?+
Form MVD-10002, the Application for Vehicle Title and Registration, from the New Mexico Taxation & Revenue Department's Motor Vehicle Division. It combines the title application, registration, lien recording, excise tax and an odometer disclosure on one page.
How much is the tax on a car in New Mexico?+
New Mexico charges a 4% Motor Vehicle Excise Tax on the price paid for the vehicle, less any trade-in allowance. It replaces gross receipts tax on the vehicle sale and is the same rate statewide. It's paid when the buyer applies for the certificate of title.
Does a trade-in lower the New Mexico excise tax?+
Yes. The value of a vehicle traded in may be deducted from the price paid before the 4% excise tax is applied. On the MVD-10002 it goes in the Less Trade-In box, with the trade's VIN in the Trade-In VIN field.
What happens if a title isn't transferred within 30 days in New Mexico?+
MVD charges a $20 late transfer fee when the application for title isn't made within 30 calendar days of the transfer. If the buyer hasn't applied within 90 days, a penalty of 50% of the excise tax is added — effectively raising the tax from 4% to 6%.
Can a New Mexico dealer submit the title for the buyer?+
Yes. When a vehicle is bought from a dealer, the dealer may handle the title application and collect the excise tax. MVD requires a completely filled-out title application and the purchase agreement or dealer's invoice when a dealer submits title work.
Do license plates stay with the car in New Mexico?+
No. New Mexico uses a plate-to-owner system: the plate belongs to the owner and must be removed before the vehicle is delivered to the buyer or dealer. The owner then has 30 days to put it on another vehicle of the same class or return it to MVD.
How much is vehicle registration in New Mexico?+
For a passenger vehicle, MVD lists one-year registration fees from $27 to $62 (or $54 to $124 for two years), depending on the vehicle's weight and model year. Title and administrative fees are added when MVD processes the application.
Is there software that fills out the Form MVD-10002 automatically?+
Yes. Dealer management software like DealerVLO turns the deal you already entered into a print-ready New Mexico Form MVD-10002 worksheet — the VIN-decoded vehicle, buyer, co-buyer, lienholder, and sale price laid out and ready to copy onto the form or key into the state's system. It's $29/month flat with a 14-day free trial, and the same deal also generates your federal documents (Bill of Sale, FTC Buyers Guide, odometer disclosure) and any other state's title forms.
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