Purchasing a motor vehicle in Colorado, you should collect some papers for confirmation of legal transfer of the ownership. Bill of sale form is one of such documents that is required to register a vehicle legally in this state. It includes all information about the transfer of a vehicle from one party to another with clarification of the terms of the purchase.
Colorado motor vehicle bill of sale form stands like a receipt of the sale and is legally binding. It means that all the conditions described in this form should be met by both parties. Usually, a seller is a person responsible for the creation of this document, but the buyer should check its correctness and sign it after the transfer of a vehicle.
You can create a personalized Colorado Motor Vehicle Bill of Sale Form using a specialized document builder that will get you through the process step by step:
You can also download a free Colorado Motor Vehicle Bill of Sale Form template as a PDF file to fill and print it out yourself:
What Are the Components of a Colorado Vehicle Bill of Sale?
A seller should cover several main topics in the bill of sale form to make it valid for the registration of a vehicle. It is important to follow the determined structure of the form during its completion to be sure that the Colorado Division of Motor Vehicles will accept it. Keep in mind that the structure of a form varies between counties.
So, as a seller, you should include the following information into the bill of sale form in Colorado:
- Data about seller and buyer;
- Complete information about the motor vehicle;
- Odometer reading;
- Condition of the purchase;
- Signatures.
As a buyer, do not forget to check the validity of all the data presented in the form and make sure that information corresponds to the one declared in the National Vehicle Information System.
How to Register a Motor Vehicle in Colorado
If you buy a motor vehicle from dealerships, they can go through the process of registration by themselves. However, if you deal with a private party, you have to prepare all required documents and complete registration by yourself. You have 60 days after the date of vehicle transfer to apply for registration in the vehicle motor office of your county.
The time limit is different for people who are newcomers in Colorado — it is equal to 90 days after the purchase.
As regards the document you should provide, this set includes the following papers:
- Bill of sale;
- Certificate of title;
- Driving license;
- Odometer disclosure statement (depends on the release year of a vehicle and its weight);
- Confirmation of registration fees payment;
- Proof of insurance.
The insurance should comply with terms of Colorado to minimum coverage:
- $15,000 for material damage;
- $25,000 for one person injuries;
- $50,000 for injuries of all people.
Some papers are optional for registration of a vehicle in Colorado:
- Motor vehicle power of attorney;
- Emissions inspection form.
You must provide a motor vehicle power of attorney in the case when you want to register a vehicle on a person different from a buyer. Concerning emissions inspection form, it is required only in several counties of Colorado. Get more details about the documents you have to show for registration in the vehicle office of your county.
You have to bring the set of documents to the Colorado Division of Motor Vehicles personally when you do registration for the first time. After this, you should renew it every year, but renewal can be made online.
Role of a Vehicle Bill of Sale
A vehicle bill of sale is a required document for car registration in Colorado. It means that you will not be able to prove the purchase of a vehicle without it. Moreover, the vehicle bill of sale allows recording all the information about the purchase. It can be helpful in situations when you have some claims against the seller and want to demonstrate your right. Thus, you have to be thoughtful while creating a vehicle bill of sale form.
Colorado Vehicle Bill of Sale Laws and Requirements
According to the laws of Colorado, you do not need to notarize the bill of sale form. The only requirement for the completion of the form is its correctness. Also, there are different requirements for the registration of vehicles in various counties.
That is why you should check the rules for your county and fill the bill of sale form provided by your local motor vehicle office.