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Cargo could not seek a third two-year term in 1970 due to term limits.<ref>{{cite web|url=https://web.archive.org/web/20110929085750/http://www.sos.state.nm.us/pdf/2007nmconst.pdf|title=Constitution Of The State Of New Mexico - Article V, Section 1|publisher=New Mexico Secretary of State|accessdate=August 20, 2011}}</ref> Cargo ran for the [[U.S. Senate]] in 1970, but he lost the Republican primary to [[oil]]man Anderson "Andy" Carter (1926-2000), a supporter of then [[California]] Governor [[Ronald W. Reagan]], who was first elected on the same day as Cargo.<ref name="SFNMObit">{{cite web |url=http://www.santafenewmexican.com/news/local_news/article_a934c39f-e5c1-55da-b20f-8947f4f30550.html |title="Former New Mexico Gov. David Cargo dead at 84" |date=July 5, 2013 |accessdate=July 6, 2013 |author=Steve Terrell|publisher=''The Santa Fe New Mexican''}}</ref> Anderson Carter polled 32,122 (57.8 percent) to Cargo's 17,951 (32.3 percent).<ref name="AmVotes9">{{cite book |title=America Votes |volume=9 |last=Scammon author=Richard M. Scammon|date=1971}}</ref> Carter then lost the 1970 United States Senate election in New Mexico to [[incumbent]] Democrat [[Joseph Montoya]].<ref name="AmVotes9" /> Cargo ran unsuccessfully for New Mexico's other Senate seat in 1972 but again lost the primary, this time to the eventual winner, [[Pete Domenici]].<ref name="SFNMObit" />
 
Cargo could not seek a third two-year term in 1970 due to term limits.<ref>{{cite web|url=https://web.archive.org/web/20110929085750/http://www.sos.state.nm.us/pdf/2007nmconst.pdf|title=Constitution Of The State Of New Mexico - Article V, Section 1|publisher=New Mexico Secretary of State|accessdate=August 20, 2011}}</ref> Cargo ran for the [[U.S. Senate]] in 1970, but he lost the Republican primary to [[oil]]man Anderson "Andy" Carter (1926-2000), a supporter of then [[California]] Governor [[Ronald W. Reagan]], who was first elected on the same day as Cargo.<ref name="SFNMObit">{{cite web |url=http://www.santafenewmexican.com/news/local_news/article_a934c39f-e5c1-55da-b20f-8947f4f30550.html |title="Former New Mexico Gov. David Cargo dead at 84" |date=July 5, 2013 |accessdate=July 6, 2013 |author=Steve Terrell|publisher=''The Santa Fe New Mexican''}}</ref> Anderson Carter polled 32,122 (57.8 percent) to Cargo's 17,951 (32.3 percent).<ref name="AmVotes9">{{cite book |title=America Votes |volume=9 |last=Scammon author=Richard M. Scammon|date=1971}}</ref> Carter then lost the 1970 United States Senate election in New Mexico to [[incumbent]] Democrat [[Joseph Montoya]].<ref name="AmVotes9" /> Cargo ran unsuccessfully for New Mexico's other Senate seat in 1972 but again lost the primary, this time to the eventual winner, [[Pete Domenici]].<ref name="SFNMObit" />
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From 1973 to 1985, Cargo lived in Lake Oswego, [[Oregon]], and ran unsuccessfully for state treasurer in 1984, placing third in the Republican primary won by an appointed incumbent. After returning to New Mexico, Cargo won the Republican nomination in 1986 for New Mexico's 3rd congressional district but was defeated by the incumbent, Democrat [[Bill Richardson]], later a major player in the administration of U.S. President [[Bill Clinton]].<ref name=SFNMObit/> In 1989, Cargo ran for [[mayor]] of Albuquerque but placed third, and thus did not advance to the runoff contest.<ref>{{cite web|title=David F. Cargo|url=https://www.ourcampaigns.com/CandidateDetail.html?CandidateID=13767|url-status=live|archive-url=https://web.archive.org/web/20160309202421/https://www.ourcampaigns.com/CandidateDetail.html?CandidateID=13767|archive-date=March 9, 2016|accessdate=December 1, 2022|website=Our Campaigns}}</ref> In 1993 he ran again for mayor but lost to Martin Chávez.<ref name=SFNMObit/> In 1994, he sought a  gubernatorial comeback but finished in fourth place with 13 percent in the primary and lost to the eventual winner, [[Gary E. Johnson]], a [[libertarian]] Republican.<ref name=94Primary>{{cite web |url=http://www.sos.state.nm.us/uploads/files/Election%20Results/CanvassPrimary1994.pdf |title=Canvass of Returns of Primary Election Held on June 7, 1994 - State of New Mexico |publisher=New Mexico Secretary of State |access-date=July 6, 2013 |archive-url=https://web.archive.org/web/20160909065406/http://www.sos.state.nm.us/uploads/files/Election%20Results/CanvassPrimary1994.pdf |archive-date=September 9, 2016 |url-status=dead }}</ref> Cargo made his final race in 1997 when he again contested the Albuquerque mayoralty, but he finished third and lost to [[Jim Baca]].<ref name=Albu1997Results>City of Albuquerque Regular Municipal Unofficial Election Results, October 7, 1997.</ref>
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From 1973 to 1985, Cargo lived in Lake Oswego, [[Oregon]], and ran unsuccessfully for state treasurer in 1984, placing third in the Republican primary won by an appointed incumbent. After returning to New Mexico, Cargo won the Republican nomination in 1986 for New Mexico's 3rd congressional district but was defeated by the incumbent, Democrat [[Bill Richardson]], later a major player in the administration of U.S. President [[Bill Clinton]].<ref name=SFNMObit/> In 1989, Cargo ran for [[mayor]] of Albuquerque but placed third, and thus did not advance to the runoff contest.<ref>{{cite web|title=David F. Cargo|url=https://www.ourcampaigns.com/CandidateDetail.html?CandidateID=13767|url-status=live|archive-url=https://web.archive.org/web/20160309202421/https://www.ourcampaigns.com/CandidateDetail.html?CandidateID=13767|archive-date=March 9, 2016|accessdate=December 1, 2022|website=Our Campaigns}}</ref> In 1993 he ran again for mayor but lost to Martin Chávez.<ref name=SFNMObit/> In 1994, he sought a  gubernatorial comeback but finished in fourth place with 13 percent in the primary and lost to the eventual winner, [[Gary E. Johnson]], a [[libertarian]] Republican.<ref name=94Primary>{{cite web |url=http://www.sos.state.nm.us/uploads/files/Election%20Results/CanvassPrimary1994.pdf |title=Canvass of Returns of Primary Election Held on June 7, 1994 - State of New Mexico |publisher=New Mexico Secretary of State |access-date=July 6, 2013 |archive-url=https://web.archive.org/web/20160909065406/http://www.sos.state.nm.us/uploads/files/Election%20Results/CanvassPrimary1994.pdf |archive-date=September 9, 2016 |url-status=dead }}</ref> Cargo made his final race in 1997 when he again contested the Albuquerque mayoralty, but he finished third and lost to Jim Baca.<ref name=Albu1997Results>City of Albuquerque Regular Municipal Unofficial Election Results, October 7, 1997.</ref>
    
Cargo in his later years continued to practice law in Albuquerque. In 2010, he wrote an [[autobiography]] entitled ''Lonesome Dave,''<ref>{{cite web|url=http://www.sunstonepress.com/cgi-bin/bookview.cgi?_recordnum=600|title=Books: Lonesome Dave|publisher=Sunstone Press|accessdate=December 28, 2010}}</ref> a reference to his liberal politics in  
 
Cargo in his later years continued to practice law in Albuquerque. In 2010, he wrote an [[autobiography]] entitled ''Lonesome Dave,''<ref>{{cite web|url=http://www.sunstonepress.com/cgi-bin/bookview.cgi?_recordnum=600|title=Books: Lonesome Dave|publisher=Sunstone Press|accessdate=December 28, 2010}}</ref> a reference to his liberal politics in  
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