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FAQ: New Mexico Driver and Vehicle Information
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New Mexico Motor Vehicle Excise Tax
- Q1. If a person acquires a vehicle in New Mexico but immediately takes it to his or her state of residence, is that person exempt from New Mexico motor vehicle excise tax on the vehicle?
- Q2. If a person acquires a vehicle outside New Mexico and brings it into this state when he or she establishes New Mexico residency, is that vehicle subject to New Mexico motor vehicle excise tax?
- Q3. Is a rebate, offered for the purchase of a vehicle, included in the price paid for the vehicle for purposes of calculating the motor vehicle excise tax on the sales price?
- Q4. If a vehicle rental business buys a vehicle to lease or sell, is its acquisition of that vehicle subject to New Mexico motor vehicle excise tax?
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Added: Tue Jan 01 2002
Last Modified: Sun Jan 08 2012
