Colorado Vehicle Bill of Sale Form
A Colorado Vehicle Bill of Sale is a legal form that proves a vehicle's ownership transfer. It confirms that a vehicle has been officially sold and purchased in Colorado.
Why Do You Need a Colorado Vehicle Bill of Sale?
In Colorado, the form serves as a receipt for the sale or purchase of a vehicle. Registering with the Colorado Department of Revenue, Division of Motor Vehicles (DMV) is a key document. It should include key information such as the vehicle identification number, make, and model.
You should also have the model year and the odometer reading for vehicles under 10. The contract also includes the written purchase price based on the sales and ownership taxes.
The DMV will only accept the form if both buyer and seller have signed it. Although the Bill of Sale doesn't usually need to be notarized, your title assignment does need to be completed correctly.
Common Uses of a Colorado Vehicle Bill of Sale?
This form formally signifies that the seller no longer owns the vehicle. For the buyer, it is primary evidence of their new ownership. They need it to secure registration, insurance, and future resale.
A properly executed Colorado Bill of Sale Form;
- Ensures compliance with state regulations
- Aids in timely title transfer
- Help prevent future disputes.
Yes. A Colorado Bill of Sale Form is necessary if you plan to sell any motor vehicle.
A Colorado Bill of Sale must contain the buyer's and seller's complete legal names and addresses. It should have the date of the sale, the make, year, model of the vehicle, and the vehicle identification number (VIN).
Generally, a Colorado Bill of Sale does not need to be notarized to be legally valid.
The buyer needs the Bill of Sale to transfer a title in Colorado. The signed-over vehicle title from the seller and a completed form DR 2395 are also required.