How To Get A Title To A Car in New Mexico
April 11, 2022 | Daniel Dewitt
You can get your car’s Certificate of Title by going to the Motor Vehicle Division. If you want to own a vehicle in New Mexico, it is important that the vehicle’s Certificate of Title be issued under your name. This is true regardless of whether you are buying the vehicle or having it given to you as a gift. Normally cars are registered and titled at the same time, but you can also do this separately under certain circumstances.
What Do You Need in Order to Get A Title To A Car?
No one wants to spend more time than they have to at the MVD. To make the process as painless as possible, make sure you have all the materials you need before you go. The things you need to bring with you to get a title to a car are:
- A valid driver’s license or another form of valid government issued photo ID
- Two forms of proof of residency in New Mexico
- Dealer’s invoice, bill of sale, or lien-information for the vehicle. This can be original or a certified copy
- Proof of active insurance
- Proof that the vehicle has passed an emissions test
- Vehicle Identification Number inspection
- The vehicle
- The registration
Getting a Title Without Registration
Normally a car is titled and registered at the same time. If for whatever reason you do not want to or cannot register a vehicle, you can still get a title to a car at the Motor Vehicle Division. These are some of the circumstances where you can get a Certificate of Title and Certificate of Registration separately.
Getting a Title When a Vehicle Does Not Operate
Maybe you have purchased a car that will not operate, because you plan to rebuild or refinish it. This will probably be a vehicle that you do not plan to operate for a long time. When you apply for a title on a vehicle like this, you have to pay the title fee and excise tax on the vehicle. However, no license plate will be issued. When you finally have the vehicle operating again, you can go to the MVD with proof of insurance to finish registering it.
Getting a Title for a Vehicle That Was a Gift
If somebody has given you a vehicle as a gift, you might be interested in trading that vehicle in to buy another vehicle. This is one of the cases where you can just get a title for the vehicle. You can take the title, the “Assignment of Title” and “Odometer Disclosure Statement” paperwork to the MVD. You will have to pay a fine, and then you will get your title.
Getting a Title for an Uninsured Vehicle
Sometimes you will have purchased a vehicle that you cannot get insurance for. This is one of the situations where you can get a title to a car without registering it. You will still have to pay the title fee and excise tax, but no license plate will be issued. When you finally get insurance, you will be able to register the vehicle and get a license plate.
Getting Help With New Mexico Title Loans
Sometimes in life you will be faced with unexpected emergency expenses. It will be difficult to face these challenges without some sort of backup plan for when disaster strikes. If you have the title to a car, one option that you can consider turning to for help is applying for a car title loan from New Mexico Title Loans, Inc. These loans are not meant to be permanent solutions to long term financial problems. This is simply meant to be a stopgap solution for emergency expenses such as urgent home or vehicle repairs, or unexpected medical or utility bills.
Car Title Loan Benefits
There are a lot of benefits that come with applying for a car title loan. Some of these benefits include:
- There is no store visit required, they can come to you
- You get to keep your car while you are paying off the loan
- You can have cash deposited directly into your bank account
- You can get up to $10,000 in same day cash
- Great customer service
- Easy application process
The materials that you need when you apply for a car title loan are:
- Your driver’s license or another valid form of government issued photo ID
- The lien-free title to your vehicle
- Your vehicle for inspection by a loan specialist agent
Having a vehicle title in your name is critical for legally owning that vehicle in the state of New Mexico. Whether you are purchasing a new vehicle or having ownership transferred to you, you have to get the title squared away under your name. You can do this by contacting the Motor Vehicle Division and finding your nearest location. Getting a title to a car is also convenient because it provides you with the option of applying for car title loans. This is an option that you can consider if you need emergency cash.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.