New Mexico
What is the trade-in credit allowed for New Mexico?
For New Mexico, trade-in credit allowed is full credit, recorded from its source on 2026-08-20.
The tax is 4% of the price paid for the vehicle less any trade-in credit.
— tax.newmexico.gov, retrieved 2026-08-20
- State
- New Mexico our reading
- Trade-in credit allowed
- full credit our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
Source
- tax.newmexico.govhttps://www.tax.newmexico.gov/all-nm-taxes/2020/10/22/motor-vehicle-excise-tax/