Free New Mexico Odometer Disclosure Bill of Sale
The federal Truth in Mileage Act (49 U.S.C. § 32705) requires a written odometer disclosure for every qualifying vehicle transfer. Vehicles 25 or more model years old (2001 and older as of 2026), those with a GVWR exceeding 16,000 lbs, and new vehicles prior to first retail sale are exempt. In New Mexico, the odometer reading is disclosed on the certificate of title and submitted to the Motor Vehicle Division along with payment of the 4% motor vehicle excise tax.
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New Mexico Odometer Disclosure Bill of Sale — What You Need to Know
Primary Form
Standard bill of sale
Agency
NM MVD
New Mexico Motor Vehicle Division
Primary ID Field
VIN
Sales Tax
0.04%
Title Required
Yes
Inspection
Not required
New Mexico Odometer Disclosure Sale — Step-by-Step Checklist
- Locate the odometer disclosure section on the New Mexico certificate of title.
- Record the exact mileage at the time of transfer.
- Select the correct certification: 'Actual mileage,' 'Exceeds mechanical limits (rollover),' or 'Not actual mileage (discrepancy known).'
- Both seller and buyer must sign and date the title in the odometer disclosure section.
- Prepare a bill of sale documenting the vehicle, parties, date of sale, and purchase price to support the 4% motor vehicle excise tax.
- The buyer submits the completed title and bill of sale to the NM MVD office and pays the excise tax to obtain a new title.
- Retain copies of all documents for at least five years.
Common Pitfalls
- An 'as-is' clause in the bill of sale does not waive the seller's federal odometer disclosure obligation — TIMA applies to all eligible transfers.
- Choosing 'not actual mileage' when the odometer has rolled over is incorrect; use 'exceeds mechanical limits' for a genuine rollover.
- Failing to complete the odometer section on an eligible vehicle exposes the seller to federal criminal penalties of up to $10,000 and three years in prison.
- New Mexico's 4% excise tax is calculated on the actual purchase price; understating the sale price to lower the tax bill can constitute separate tax fraud.
- Odometer fraud carries civil liability for treble damages, with a minimum recovery of $1,500 per violation, regardless of the amount of actual harm.
New Mexico Odometer Disclosure Bill of Sale — FAQs
Where does the odometer disclosure appear on a New Mexico title?
New Mexico's certificate of title includes a dedicated odometer disclosure section. Both parties complete and sign this section before the title is submitted to the MVD for transfer.
What is the tax rate on a vehicle purchase in New Mexico?
New Mexico imposes a 4% motor vehicle excise tax on the purchase price. The buyer pays this at the MVD office when submitting the title for transfer.
Is a 2001 model-year vehicle exempt from odometer disclosure?
Yes. The federal 25-year exemption covers vehicles with a model year of 2001 or older as of 2026, so no odometer disclosure is required.
What penalties apply if a seller falsifies the odometer reading in New Mexico?
Federal penalties under TIMA include fines up to $10,000 and imprisonment up to three years. Civil liability allows the buyer to recover treble actual damages, with a $1,500 statutory minimum per violation.