Quick overview on bill of sale of Colorado
A Colorado bill of sale is a document that certifies ownership exchange of the object mentioned in the document. It is a quite beneficial document because it serves as lawful proof of ownership and can be used in court to demonstrate ownership as well. Some types of Colorado bills of sale must be signed in front of a public notary.
Commonly used bills of sale in Colorado
In Colorado, the most commonly used bills of sale are:
- General bill of sale
- Bill of sale for a motor vehicle
- Bill of sale for a boat
- Bill of sale for a gun
How to write a bill of sale in Colorado?
In order to draft this kind of document, you will need certain information. The information will mainly depend on the object that is being sold, Though, all Colorado bills of sale should include some basic information about both parties, i.e.: the seller and the buyer. Particularly, you will need the full, legal names, driver’s license numbers, and physical addresses.
Colorado general bill of sale
To complete the Colorado general bill of sale, you will need to involve specific details about the item. For instance, you will need to add the item’s serial number, if applicable. Other necessary descriptors must be also added. E.g.: if you are selling your old television, you must include the model, make, whether it is flat screen, and the color of the television.
You will need to list the price of the object first in words and then in numbers. For instance, two-hundred and eighty-five dollars and no cents ($285.00). Then, you must indicate the date when the sale took place. If the buyer pays for the object on a different date, that has to be specified, and the date must also be indicated. Other related terms to the sale must also be involved in the document. Whether the buyer is receiving the object as a gift or any trade is included that all must be mentioned in the bill of sale.
The seller’s disclosure must be included in the Colorado general bill of sale. The disclosure must apprise the buyer if the object has any defects. Colorado general bill of sale must be signed by the seller and the buyer in front of a notary public.
Check out more, free templates here
Colorado bill of sale for motor vehicle
In addition to the main details about the seller and the buyer, you have to include the Vehicle Identification Number (VIN), year, model, and make of the motor vehicle. Agreement statements must be included of both, the seller and the buyer. The statements should specify whether there is a warranty or if the motor vehicle is an “as-is” purchase. The document must also involve a statement under penalty of perjury, i.e.: certification that the aforementioned information is true and correct. It has to be signed and dated by both the seller and the buyer, but notarization of the document is not necessary.
Is the Colorado bill of sale necessary to register a motor vehicle?
Though the Colorado bill of sale for a motor vehicle is not necessary for the registration, it can still be an important document. Although it is not mandatory for registration, it may be handy during the titling process. Motor vehicle bill of sale may be used as a document to assist establish your ownership of a motor vehicle if you do not have the original title with the seller’s signature. In Colorado, motor vehicles must be registered within 30 days of purchase. Though, if you buy the motor vehicle from a dealership, they will prepare all of the required documentation for the registration process. According to the website of the Colorado Department of Revenue, you need a Vehicle Identification Number (VIN) verification if the motor vehicle was titled in any other state, a title in the owner’s name or present, out of state registration documents, verifiable ID, certification of vehicle emissions and of insurance.
Below you can download the Colorado bill of sale for free