This colorado notarized bill of sale form is available in both microsoft word and pdf. While a bill of sale is not required for selling a vehicle in the state of colorado, it’s a good idea to create one for both you and the buyer.
For example, if you are buying a vehicle through a dealership, you will have a secure bill of sale.
Do i need a bill of sale in colorado. The bill of sale must also indicate the time and date of sale and is signed by both the buyer and the seller. Think of this as your receipt for the transaction. The colorado notarized bill of sale form includes the name and address of the person selling the property, the name and address of the buyer, the amount for which the property is being sold, and a detailed description of the property itself.
There are two general reasons why you want to get a bill of sale in colorado when purchasing or selling a trailer: The buyer possesses in the vehicle a bill of sale that shows the time and date of sale and that is signed by both the buyer and seller. A colorado car bill of sale is a document signed by two parties who are participating in a vehicle sale.
With a private sale, you can use a generic bill of sale form or one that is posted by your local dmv. In colorado, a bill of sale is only required in certain circumstances. Vehicle bill of sale a bill of sale releases interest in a vehicle.
A bill of sale requires the full legal names of the buyer and seller, a contact number and physical address for both parties and a detailed description of the property. While not legally required, using a bill of sale when buying or selling vehicles is fairly common in colorado. Is a colorado bill of sale required to register a motor vehicle?
A colorado motor vehicle bill of sale is a legal document provided by a seller as proof that payment has been provided and ownership of a motor vehicle has been transferred. When should i use a bill of sale? We also suggest securing a valid colorado bill of sale to properly document the sale including the sales price, condition of the trailer, and hold harmless language to protect the buyer and seller.
Applying for registration will require the owner to provide proof of ownership before the vehicle can be registered. Write the name(s) and addresses of the buyer at this time. A colorado boat/vessel bill of sale formalizes the purchase and sale of a boat/vessel between two or more private parties, usually a buyer and seller.
Do not sign the form unless the buyer is present and ready to complete the form. Note that you should use a bill of sale if you sell a motorcycle, boat, trailer, or any other form of personal property. What does a bill of sale need to be valid?
Normally this is today’s date but you might be preparing the bill of sale in advance. Colorado requires the vehicle be registered with the state before use. If you are buying or selling a vehicle, you will need the vehicle identification number and the odometer reading at the time of sale.
An emissions inspection certificate is required if the buyer lives in an emissions area. A title transfer should generally suffice when a seller reassigns ownership of a vehicle or vessel to a buyer. Enter the date on which the sale will become effective.
The form is primarily used to document the transaction and use for registration and titling with the new owner's local dmv office.if the owner of the vehicle decides to allow someone else to sell it on their behalf, they may do so with the power of attorney form (dr 2175). The bill of sale should contain all the information needed to register the atv. A bill of sale may be used as a document to help establish your ownership of a vehicle if you do not have the original title signed by the seller.
Sometimes referred to as a proof of sale, the bill of sale is considered a valid legal document. If you buy through a dealership, a secure bill of sale will be used. Prepare a bill of sale.
There’s a template vehicle bill of sale on colorado.gov, although you’ll likely want one. • complete the buyer area exactly as the new certificate title will be. How to register a boat.
A certificate of title or other ownership documents must accompany this form. In short, a properly executed bill of sale will protect you from future liabilities and allow you to register the vehicle. A bill of sale identifying the vehicle by year, make and vin.
If two people will be listed on the new title, both must sign the bill of sale and the title. Do you need car insurance to transfer a title in colorado? This document is written as an “as is” document, meaning there is no warranty by the previous owner of the vehicle.
A bill of sale becomes necessary when a vehicle is purchased after hours and it. Under the seller’s section print the seller’s name, address, and phone number. • all areas must be completed in full.
Any vessel propelled by a motor or sail must be registered by the state of colorado. A bill of sale is also required. Why do you need a bill of sale?
Some info to have on your bill of sale includes: The buyer possesses in the vehicle proof of insurance. Yes, every vehicle bought in colorado must carry mandatory auto insurance.
The buyer must carry in the vehicle: Buyer and seller information, vin number, make, model, year, color, agreed price, mileage, and of course signatures. On the other hand, when someone purchases a used car from a dealer, the dealership will take care of these documents.
Although both parties need the printed bill of sale pdf in order to perform the procedure, the co bill of sale template must be filled out by the seller with his or her personal information and details about the motor vehicle. The colorado dmv notes the bill of sale must show the buyer's name(s), purchase price, vehicle identification number, year and make of the vehicle, date of sale and must be signed by the seller(s). You must show proof of insurance when applying for the title transfer and when registering the vehicle.
Use a bill of sale when you sell your car privately to another party. The state does not necessarily obligate the owner to present a bill of sale upon registration, although it is highly suggested for other liability, tax and ownership purposes for future use. The colorado bill of sale forms permit a buyer and seller to conduct a transaction for a motorized vehicle or boat.
A bill of sale that identifies the vehicle by year, make and vin and shows the time and date of sale and is signed by both the buyer and the seller. A bill of sale is required during the titling process, which is required to register a vehicle.