Which of the following is a requirement when selling or transferring your vehicle?

Study for the New Mexico Permit Exam. Prepare with flashcards and multiple choice questions. Ace your exam with our detailed hints and explanations!

When selling or transferring your vehicle, notifying the DMV within 5 days is crucial to ensure that the vehicle's registration records are updated and to legally protect yourself from any future liability related to the vehicle. This prompt notification allows the state to process the transfer of ownership efficiently, preventing issues such as the new owner committing traffic violations under your name. Timely communication with the DMV is essential for both parties involved in the sale to ensure accurate record-keeping and to safeguard against potential complications that could arise if the vehicle were to be misused after the sale without proper notification.

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