New Mexico is one of the top oil producers in the country on the strength of the Permian Basin, and the equipment that serves it runs out of Hobbs, Carlsbad, and Artesia. The state uses a gross receipts tax instead of a sales tax, charges a weight-distance tax on trucks over 26,000 pounds, and still allows full federal bonus depreciation through 2026 before decoupling in 2027.
We place New Mexico files with lenders that fund oilfield, construction, ranch, and trucking equipment across the state, from a Hobbs water hauling company to an Albuquerque site-work contractor to a Las Cruces dairy. Options in 24 to 48 hours on a soft inquiry.
Who we finance in New Mexico
What is driving equipment demand in New Mexico
- Permian Basin oil and gas production remains near record levels.
- Heavy civil and highway construction funded by state oil revenue.
- The New Mexico bonus depreciation change takes effect for tax years beginning in 2027, so 2026 is the last year of full state conformity.
We work with businesses across New Mexico, including Albuquerque, Las Cruces, Santa Fe, Rio Rancho, Hobbs and Carlsbad, and Farmington, and the rural counties in between.
Sales tax and income tax on equipment in New Mexico
Tax rules change and depend on your facts. Confirm with your accountant before relying on any of this.
Trucks, trailers, and titling in New Mexico
- Apportioned registration for interstate carriers through the New Mexico MVD, plus weight-distance tax registration.
- Off-road equipment is not titled.
Where New Mexico buyers find equipment
We finance equipment from any dealer, auction, or private seller. Dealers and auctions our New Mexico customers use include Wagner Equipment Co. (Caterpillar, Albuquerque and Bloomfield). Get pre-approved before you go so the seller sees a buyer who can close.
Equipment we finance
Excavators · Dozers and loaders · Skid steers · Semi trucks · Trailers · Farm equipment · Cranes and lifts
About financing in New Mexico
Equipment financing in New Mexico is arranged through Land Tech Capital's network of third-party lenders and lessors. Land Tech Capital is a New York based commercial finance broker, not a lender, and does not hold a New Mexico license. Your financing agreement will be with the lender or lessor, who provides any disclosures New Mexico law requires. No fee is charged to you before funding, and we are paid by the lender when a deal closes.
Questions we get
Should I buy before the New Mexico bonus depreciation change?
For tax years beginning in 2026, New Mexico still follows full federal bonus depreciation. Starting with tax years beginning in 2027, the state decouples. Your accountant can tell you what that means for a purchase this year versus next.
Can an oilfield start-up in Hobbs get financing?
Yes. Start-up programs count oilfield experience even when the company is new. Expect 10 to 20 percent down and a personal guarantee on the first unit.
Is gross receipts tax charged on lease payments?
Yes. New Mexico taxes leases the same way as sales, so the tax applies to each payment. Manufacturing equipment leased to a permitted manufacturer can be deducted.
