Printable — Cash sale Moped Bill of Sale New Mexico

New Mexico Moped transfer fees and requirements

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

New Mexico sales tax on moped purchases

New Mexico has a 4% state sales tax rate. 4% motor vehicle excise tax (not standard GRT). Private-party moped 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.

Moped market data and safety information

The most common moped makes in private-party sales are Vespa, Honda, Genuine Scooters, Yamaha, Kymco. Average private-party moped prices range from $500–$3,000. Mopeds average 1.1 NHTSA recalls per model across categories including Fuel System, Electrical, Brakes.

Safety checkpoints for buying a used moped

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

• Verify engine size matches the title — mopeds must be under 50cc in most states
• Check tire condition and brake pads on both wheels
• Test all lighting and horn function
• Verify battery charge and electrical system operation

Moped insurance and depreciation in New Mexico

Moped insurance is minimal — $75–$200/year in most states. Some states do not require insurance for mopeds. Mopeds hold value poorly — expect 50–60% loss in 3 years. Vespa brand is the exception, retaining 40–50% more than average. Peak season for private moped sales is spring and early summer for commuter demand, with an average of 20 days on market.

Moped registration and titling

Mopeds are classified as "Moped (separate from motorcycle in most states — often no motorcycle license required)" for registration purposes. Mopeds must be under 50cc engine displacement and limited to 30 mph to qualify for moped classification. Exceeding either limit reclassifies as a motorcycle. Federal odometer disclosure does not apply to mopeds.

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.