Free New Mexico General Bill of Sale
For non-titled personal property in New Mexico — tools, electronics, equipment, livestock other than horses, collectibles — the bill of sale is your primary ownership record. NM Magistrate Court hears small claims up to $10,000, and your bill of sale is the document that wins or loses the case. Capture serial numbers, condition, 'as-is' language, and both signatures. Notarization is optional but cheap insurance for higher-value items.
Free PDF includes a small watermark at the bottom. Remove it for €4.99. Already subscribed? Sign in.
New Mexico General Bill of Sale — What You Need to Know
Sales Tax Details
Private party sales of personal property between individuals are generally not subject to NM gross receipts tax. Commercial sellers and auctions may collect gross receipts tax depending on local rates. Titled vehicles use the 4% MVET, not gross receipts.
Inspection Requirements
No inspection requirement for general personal property. Buyer is responsible for verifying condition before purchase; "as-is" language on the bill of sale is enforceable in NM.
Registration
Registration for this vehicle type is handled by None for general goods — not the same agency that handles cars in New Mexico. Plan for separate filings.
New Mexico General Sale — Step-by-Step Checklist
- Describe each item with make, model, serial number, and condition
- State the purchase price and how it was paid (cash, check, transfer)
- Include 'sold as-is, where-is, with no warranty express or implied'
- Both parties sign and date; consider notarizing for items over $1,000
- Each party keeps a signed original or scanned copy
Common Pitfalls
- Vague descriptions ('a generator') — disputes hinge on serial numbers and identifying details
- Skipping 'as-is' language — buyers later claim seller warranted condition
- Cash with no receipt — without a paper trail, recovering money in small claims is far harder
- Assuming small claims doesn't matter — NM Magistrate handles up to $10,000, plenty for a serious dispute
Pro Tip
For non-titled goods in NM, your bill of sale is the case file if anything goes wrong. Serial numbers, 'as-is' language, signatures, dates — keep it tight and the $10K Magistrate cap rarely matters because disputes never get that far.