How to Get a New Mexico Auto Dealer License - Step By Step Guide

Ready to start selling cars in New Mexico? 🚗
This fast-paced, beginner-friendly guide walks first-time dealers, wholesalers, brokers, and side-hustlers step by step through the New Mexico Motor Vehicle Dealer License process—without the confusion.

In this video, you’ll learn:

Who needs a dealer license in New Mexico

How to register your business correctly

What qualifies as a compliant dealer location

When pre-licensing education is required

How the $50,000 New Mexico dealer surety bond works (and what it actually costs)

Why garage liability insurance matters for approval and protection

The full document checklist you’ll need

How to submit your application through MyMVD

Application fees and the typical ~30-day approval timeline

Common mistakes that delay or derail applications (and how to avoid them)

Whether you’re launching your first dealership, wholesaling vehicles, or turning a side hustle into a licensed business, this video gives you a clear roadmap to get approved and stay compliant in New Mexico.

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If this video helped you, please like, share, and subscribe so more future dealers can get licensed the right way.