Sure, here is an article about a bill of sale in New Mexico:
Bill of Sale in New Mexico
What is a Bill of Sale?
A bill of sale is a legal document that records the transfer of ownership of personal property from one person to another. It is a simple contract that outlines the terms of the sale, including the names of the buyer and seller, the date of the sale, the description of the property being sold, and the purchase price.
Free New Mexico Bill of Sale Forms – PDF – eForms
When is a Bill of Sale Required in New Mexico?
While not always legally required, a bill of sale is a good idea for any sale of personal property in New Mexico. It can help to protect both the buyer and the seller in the event of a dispute.
Specific Situations Where a Bill of Sale is Helpful:
Sale of a Vehicle: In New Mexico, a bill of sale is required to transfer ownership of a vehicle. The bill of sale must include the following information:
The names and addresses of the buyer and seller
The date of the sale
The vehicle identification number (VIN)
The odometer reading
The purchase price
Sale of Firearms: Federal law requires a bill of sale for the sale of firearms. The bill of sale must include the following information:
The names and addresses of the buyer and seller
The date of the sale
The make, model, and serial number of the firearm
The purchase price
Sale of Other Personal Property: A bill of sale is also a good idea for the sale of other personal property, such as:
Furniture
Electronics
Jewelry
Artwork
Collectibles
Free New Mexico General Bill of Sale Form PDF Word
What Should be Included in a Bill of Sale?
A bill of sale should include the following information:
The names and addresses of the buyer and seller
The date of the sale
A description of the property being sold
This should include the make, model, and serial number of any vehicles or electronics.
For other personal property, provide a detailed description, such as size, color, and any unique features.
The purchase price
The payment terms
For example, whether the payment was made in cash, check, or credit card.
A statement that the seller warrants that they have the right to sell the property
The signatures of both the buyer and seller
How to Write a Bill of Sale
A bill of sale can be written on a simple piece of paper or a pre-printed form. It is important to make sure that the bill of sale is clear and concise.
Here is an example of a simple bill of sale:
Bill of Sale
Date: [Date]
Seller: [Seller’s Name]
Address: [Seller’s Address]
Buyer: [Buyer’s Name]
Address: [Buyer’s Address]
For the sum of: [Purchase Price]
The Seller hereby sells to the Buyer the following property:
[Description of Property]
The Seller warrants that they are the rightful owner of the property and that they have the right to sell it.
Seller’s Signature:
Buyer’s Signature:
Additional Tips
Keep a copy of the bill of sale for your records.
If you are selling a vehicle, you will need to submit the bill of sale to the New Mexico Motor Vehicle Division (MVD) to transfer ownership.
If you are selling a firearm, you will need to submit the bill of sale to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).
Conclusion
A bill of sale is a simple but important document that can help to protect both the buyer and the seller in the event of a dispute. It is a good idea to use a bill of sale for any sale of personal property in New Mexico.
