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 to a certified appraiser’s valuation.
Prior to contacting Surety Bonds, applicants must know their required bond amount and all vehicle information, including the VIN, make, model and year of the vehicle.
Why 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.
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