Fees for registering a vehicle in New Mexico range from $27 to $62 for a one-year registration or $54 to $124 for a two-year registration. Truck registration fees are based on weight and model year.
Title Transfer Requirements
When purchasing a vehicle, the title must be transferred within 30 days or 90 days if purchased out-of-state. To transfer a title, provide proof of identity, residency, and insurance, along with the signed title.
Vehicle Purchase Taxes
The motor vehicle excise tax applies to vehicle purchases in New Mexico. The tax rate is 3%, plus an additional 50% penalty can apply, equaling 6% tax.
New Resident Information
To become a New Mexico resident, physically reside in the state for 12 consecutive months before requesting resident classification. New residents have 60 days to register vehicles after moving.