Dealers · licensing · New Mexico
How to get a dealer license in New Mexico.
What it takes to get a used car dealer license in New Mexico, with a link to the official page for every fact.
Checked October 10, 2026 against the official pages linked below. Licensing agency: New Mexico Motor Vehicle Division, Dealer Licensing Bureau.
The requirements
| Licensing agency | New Mexico Motor Vehicle Division, Dealer Licensing Bureau · source |
|---|---|
| Surety bond (used dealer) | $50,000 · source |
| Pre-licensing education | Required — pre-licensing education certificate for used (pre-owned) dealers; hours not stated · source |
| Place of business | Photos required of vehicle display area, office building, inside office space, office equipment and signage (sign must show DBA name), plus property and office layout diagrams · source |
| License fee | $50 non-refundable application fee · source |
Steps
- Start with the licensing agency, New Mexico Motor Vehicle Division, Dealer Licensing Bureau: read its dealer page and get the current application.
- Complete the pre-licensing education: pre-licensing education certificate for used (pre-owned) dealers; hours not stated.
- Set up your place of business: Photos required of vehicle display area, office building, inside office space, office equipment and signage (sign must show DBA name), plus property and office layout diagrams.
- Buy a surety bond: $50,000.
- Submit the application with the fee: $50 non-refundable application fee.
- If you will finance your own deals, check the separate finance license below before your first contract.
Built from the facts above. Insurance, background checks and zoning rules may also apply; the agency's page has the full list.
Planning to finance your own deals?
A retail seller holding more than $100,000 of its own retail installment contracts counts as a sales finance company licensed by the Financial Institutions Division. Source.
This is a summary, not legal advice. The agency's own page governs. All states