Chapter 9, Section D:|
Reconstructed Vehicle with Dismantler Notification
Revised September 8, 2008
Note: Only a private individual may use a Dismantler’s Notification form (MVD-10172) and Dealer’s Bill of Sale to obtain a salvage title.
An auto recycler may not use a Dismantler’s Notification to obtain title.
When the source document for an Application for Title is a New Mexico Dismantler Notification Form (MVD-), the vehicle must be identified as “SALVAGE”. Field offices that issue titles over the counter must stamp the title, as well as the department copy, in red letters with the word “SALVAGE” at a 45 degree angle on the empty space next to the "registered owner" block. “SALVAGE” must be entered in the “brand” block on the Title Application.
The Motor Vehicle Division will assign an “NM” prefix identification number, which will be entered as a secondary number. A department employee or certified LEI Law Enforcement Officer must affix the assigned VIN tag.
NOTE: When processing Title, enter "DISM" and the Dismantler Form Control Number in the Previous Title Field (example "DISM103456").
Excise tax is based on sale price of the partially dismantled vehicle, invoices for other parts purchased, and labor involved in rebuilding the vehicle. The vehicle type, empty weight or DGVW (if it is a truck or motor home) determines registration fees. Penalties do not apply when processing these types of transactions involving dismantler notifications. Excise tax is not increased to 4.5% if application date is 90 days past purchase date. Late transfer fee does not apply even if applicant has exceeded the 30-day period from the date of purchase to the date of the Application for Title. The Motor Vehicle Division does not issue a "Title Only" unless the vehicle has been repaired and satisfies the safety equipment requirements identified on MVD Form 10053, "Vehicle Equipment Affirmation".