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.
New Mexico Taxation & Revenue Department, Motor Vehicle Division
Dealer license types
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
Looking for the dealer association in New Mexico? New Mexico dealer association.
Looking for auto auctions in New Mexico? New Mexico auto auctions.
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.