New Mexico Car Sales Tax
New Mexico car sales tax is about 4% (4% state). See what you'll pay on a $30,000 car and how it affects your payment.
New Mexico (NM)
4%
4% state
Average across states
5.9%
Rank (highest = #1)
#43 of 51
Buying a $30,000 car in New Mexico
Sales tax (~4%)
$1,200
Registration / yr
~$100
Insurance / mo
$192
Loan payment*
$558/mo
*$3,000 down, 7% APR, 60 months, tax rolled into the loan.
New Mexico charges a 4% Motor Vehicle Excise Tax when you title a car.
These are estimates for planning. Rates and fees change and vary by county and vehicle — confirm with your state motor vehicle agency.
Frequently asked questions
What is the sales tax on a car in New Mexico?
About 4% in total: 4% statewide. New Mexico charges a 4% Motor Vehicle Excise Tax when you title a car.
How much tax will I pay on a $30,000 car in New Mexico?
Roughly $1,200, before any trade-in credit or state-specific caps.
Does a trade-in reduce car sales tax in New Mexico?
In most states the trade-in value is subtracted before tax is charged, which can save hundreds of dollars. Check with your state DMV for the exact rules.
More for New Mexico
Car Sales Tax in other states
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