What is Colorado bill of sale?
Colorado bill of sale is a formal document utilized to record the sale of items sold in the state of Colorado. A Colorado bill of sale is most frequently utilized in order to sell a motor vehicle, boat, or firearm. Apart from documenting the sale, a bill of sale serves as a confirmation of ownership for the buyer. The buyer, as well as the seller should keep a copy of any bill of sale for their personal records.
What the Colorado bill of sale requirements are?
In the state of Colorado, a bill of sale is necessary in specific circumstances. A title transfer should generally be enough when a seller delegates ownership of a vehicle or vessel to a buyer. A bill of sale becomes a requirement when a vehicle is bought after hours and it has to be driven prior to registration. It is also becoming necessary when there is no blank space on the existing title for the odometer reading.
There is state provided official bill of sale, but it is only available for purchase through a vendor which is state-approved. The exceptions are some counties that offer their own bills of sale. You will have to call your county’s local Division of Motor Vehicles to find out if your county is one of them.
What are language requirements?
Bills of sale in the state of Colorado, as well as other Department of Motor Vehicle documents, are not interpreted into any other language. Also, interpreters are not provided by the state; though, you may bring your own. Each translated document must state the following, printed or typed on the same page:
“I, [place name of the interpreter], confirm that the foregoing is a complete and accurate translation from [place name of foreign language] to the English language to the best of my ability. I further confirm that I am fully competent to interpret from [place name of foreign language] into the English language and that I am skilled in both languages.”
Number of Copies
You will need one copy to submit to the state, along with a copy for the seller and a copy for the buyer, if a bill of sale is required to complete a vehicle or vessel sales transaction. If a bill of sale is not required legally, then, you should only have to make copies for every party of the sale.
Colorado Vehicle Bill of Sale
Notarization of a vehicle bill of sale is not required in Colorado. You may draft your own or you can utilize the official state form. However, any form you use must involve the information as follows:
1) The names, contact information, and signatures and the buyer and seller
2) The vehicle identification number or VIN
3) The model, make and year of the vehicle
4) The selling price
5) The purchase date and time
After purchasing a vehicle
In addition to a proper bill of sale, many other documents must be prepared and submitted in order to register your vehicle or vessel in the state of Colorado. Below you will find detailed list:
Information for buyers in case of dealership sales:
In Colorado, most dealership agents will submit your car registration papers for you on your behalf. However, you should affirm this before leaving, as you may have to file the paperwork yourself.
If your vehicle is brand new, your paperwork must state that clearly, or you will have to fill out a Vehicle Identification Number verification, or Form DR 2698.
Check out other vehicle bill of sales here
Information for buyers in case of private sales:
In specific counties of Colorado, you may need an imperative smog inspection for the purpose of registration of your vehicle. Those counties are: Boulder, Broomfield, Douglas, and Jefferson. There are also counties in which only specific sections require inspections. Those counties are: Adams, Arapahoe, Larimer, and Weld. it is best to call your local county office, if you are not certain whether you live in a indicated area.
You have 60 (sixty) days to register any vehicle with the Department for Motor Vehicles. You must go down in person to your county’s local office with the following documents: 1) the existing title or registration certificate; 2) proof of identification; 3) proof of passing your emission test (if required); 4) payment for all taxes and registration fees. Note, that registrations in Colorado are valid for one year.
Three separate factors determine your registration fees, these are: 1) the vehicle’s weight; 2) taxable value; 3) the date it was purchased. Many counties have an estimator on their websites to define vehicle registration fees. You must pay sales tax which is based upon the net price that you have paid for the vehicle. You will also have to pay an ownership tax, which is a personal property tax, based on the value of the vehicle when it was completely new. This amount does not reduce during the life of the vehicle.
If you have lately moved to Colorado, you have 90 (ninety) days to register your vehicle and get proper Colorado plates. You will be subject to paying a late fee, if you do not register your vehicle within 90 (ninety) days. You must complete a VIN verification, or Form DR 2698, if your vehicle is used and was bought in another state. The verification must be performed by a licensed Colorado emissions testing agent, or a licensed car dealer.
Click here to find out other useful templates
You may keep your current registration in your home state, or you may register your vehicle in Colorado, if you are active military from out-of-state and stationed in the state of Colorado. However, you will be exempt from paying the state’s ownership tax, if you register your vehicle in the state. For exemption claim, you must visit your county Department for Motor Vehicles (DMV) office with a copy of your military orders stationing you in Colorado, a current leave and earnings statement, Form DR 2667 or a non-residence and military service exemption from specific ownership tax affidavit.
Below you can download for free template of Colorado bill of sale: