How to Fill Out a New Mexico Yacht Bill of Sale

New Mexico Yacht transfer fees and requirements

In New Mexico, the title transfer fee is $5 and registration costs $27 - $62 based on vehicle age and weight. Yacht sales are subject to 4% motor vehicle excise tax (not standard sales tax). New Mexico does not require notarization for private-party yacht transfers. Emission testing is required in New Mexico — verify the yacht passes before completing the sale.

• 4% motor vehicle excise tax instead of sales tax
• Emissions testing required in Bernalillo County (Albuquerque area)
• VIN inspection required for out-of-state vehicles

Official New Mexico bill of sale form

The official New Mexico bill of sale form is MVD-10009 (Bill of Sale). BillOfSaleNow generates a document that meets all New Mexico requirements and can be used in place of the official form.

New Mexico sales tax on yacht purchases

New Mexico has a 4% state sales tax rate. 4% motor vehicle excise tax (not standard GRT). Private-party yacht sales in New Mexico are subject to sales tax. 4% motor vehicle excise tax applies to all vehicle sales. The title transfer fee is $5.

Yacht market data and safety information

The most common yacht makes in private-party sales are Sea Ray, Beneteau, Boston Whaler, Grady-White, Viking. Average private-party yacht prices range from $50,000–$500,000+. Yachts average 1 NHTSA recalls per model across categories including Fuel System, Electrical, Engine.

Safety checkpoints for buying a used yacht

Before completing a yacht bill of sale in New Mexico, verify these safety items:

• Require a professional marine survey before purchase — standard practice for vessels over 26 ft
• Inspect engine hours, service records, and oil analysis reports
• Check hull condition with moisture meter and visual inspection below waterline
• Verify USCG documentation or state registration status

Yacht insurance and depreciation in New Mexico

Yacht insurance is 1–2% of hull value annually. Agreed-value policies are standard. Navigation limits and crew requirements affect premiums. Yachts depreciate 10–15% per year for the first 5 years. Well-maintained vessels from premium builders hold value best. Peak season for private yacht sales is fall/winter boat shows drive buyer interest for spring delivery, with an average of 90 days on market.

Yacht registration and titling

Yachts are classified as "USCG-documented vessel (over 5 net tons) or state-registered vessel" for registration purposes. Yachts are classified by length overall (LOA), not weight. Vessels over 65 ft may require a licensed captain. Federal odometer disclosure does not apply to yachts.

Odometer disclosure for yacht sales

Yachts are exempt from federal odometer disclosure. Engine hours are commonly documented but not legally required.

• Applicable law: 46 CFR Part 67 — USCG Documentation of Vessels

Required disclosures for yacht sales in New Mexico

When selling a yacht in New Mexico, the following disclosures apply:

• USCG documentation status and any outstanding maritime liens — the Abstract of Title from the Coast Guard should be reviewed before purchase.
• Marine survey results (hull, engine, rigging) are standard practice for yacht transactions and should be referenced in the bill of sale.
• Slip or mooring transfer — marina agreements do not automatically transfer with the vessel and should be addressed separately.

New Mexico bill of sale statistics

BillOfSaleNow has generated 524 bill of sale documents for New Mexico transactions, with 14 generated this month alone. The most popular vehicle type is car.