Chapter 8, Section L:
Vehicles Purchased at Auction

Created August 13, 2008


New Mexico Auctions

  • If the first assignment on a New Mexico title shows a New Mexico dealer and there are subsequent assignments to a New Mexico auctioneer, the auctioneer can assign the New Mexico title to an individual purchaser. The auction firm does not have to apply for the title in the name of the auction.
     
  • The auction firm also does not have to apply for title in the name of the auction, if the auctioneer is acting on behalf of the owner or representative of an estate and has documentation signed by the owner or representative authorizing the sale.

Out-of-State Auctions

  • An out-of-state auctioneer may also assign the out-of-state title to a New Mexico individual purchaser without converting title into the auction name. The New Mexico purchaser shall then apply for a New Mexico title.
     

Requirements

Follow the requirements in Chapter 3A or Chapter 4A for titling and registering a new or used vehicle. Also required specifically for auction-to-buyer title transactions:

  • If the auctioneer/seller is acting on behalf of the owner or representative of an estate, documentation signed by the owner or representative authorizing the sale is required.