Get your auto dealer license New Mexico
Get your auto dealer license New Mexico? Well you can do it the easy way through us just by filling out the form to your right….or….you can take these steps on your own.
A dealer license is required for wholesalers, manufacturers, wreckers, distributors, new vehicle dealers, used vehicle dealers, house trailer and motorcycle dealers. An established place of business must be maintained and zoning and fencing requirements must be met. All dealers must have a display area except wholesaler. On-site inspection is conducted prior to license issuance.
Dealer License Fee: $50.00 upon application and renewal
A $20,000 corporate Surety Bond is required for auto dealers, salvage dealers, manufacturers, mobile home dealers and motorcycle dealers. A $12,500 bond is required for motorcycle dealers; no bond for boat dealers.