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How much does a New Mexico certificate of title bond cost?
New Mexico vehicle title bond amounts must be equal to twice the appraised value of the vehicle. The value of your vehicle must be comparable to the most up-to-date NADA Antique Car Guide, NADA Used Car Guide, or a certified appraiser’s valuation.
Prior to contacting SuretyBonds.com, applicants must know their required bond amount and all vehicle information, including the VIN, make, model, and year of the vehicle.
SuretyBonds.com issues these bonds for varying prices, depending on your required bond amount. Applicants for bonds less than $6,000 can pay as little as $50, while applicants for bonds between $6,000 and $50,000 can pay as little as $15 for every $1,000 of the required bond amount. Bonds in amounts greater than $50,000 are subject to underwriting.
Why do I need this bond?
New Mexico certificate of title bonds are put in place to ensure that principals comply with the provisions set in Section 44, Chapter 64-3-24, Session Laws of New Mexico, 1953.
Get bonded today by calling 1 (800) 308-4358 or submit an online bond request form to get started!
Are you planning to sell cars or other vehicles? Visit our New Mexico vehicle dealer bond page for more information regarding why you need this bond and how much it costs.