New Mexico
New Mexico dealer licensing
The official agencies and forms for used car dealers in New Mexico, and who regulates lending if you carry your own paper.
DMV / MVD
Open the New Mexico Taxation & Revenue Department licensing pages
New Mexico Taxation & Revenue Department, Motor Vehicle Division
Dealer license types
DistributorManufacturerRetail DealerWholesale
A second license can apply
If you finance your own customers
The agency above licenses you to sell cars. You may need a separate license to finance your customers, depending on how much paper you carry. The agency that draws that line is:
New Mexico Regulation & Licensing Department, Financial Institutions Division
- What it is called
- Motor Vehicle Sales Finance License
- Who it covers
- A retail seller engaged in whole or in part in the business of creating and holding retail installment contracts
- The statute
- NMSA 1978 § 58-19-3
Other agencies you may deal with
Common state offices for setup, licensing, and operations.
Business setup
- Hiring staffNew Mexico Department of Workforce Solutions
- Registering the businessNew Mexico Secretary of State
- Sales taxNew Mexico Taxation and Revenue Department
Official New Mexico forms and pages
Changing something
Another state
Opening a new dealership?
The license is only part of what you need.
Corrections. Agencies move their pages and rename their forms constantly. If a link here is dead or wrong, tell us and we will fix it.