A Colorado bill of sale is a formal documentation used in the sale or trade of a vehicle or personal property. It is an essential legal document that serves as evidence of the transaction between the buyer and seller. The bill of sale should contain accurate and complete information about the seller, buyer, and the item being sold.
Registration Forms for Motor Vehicle
- Bill of Sale
- Odometer Disclosure Statement
- Certificate of Title (VIN inspection if in different State)
- Driver’s License
- Emissions Inspection
Registration Fees and Proof of Insurance
Fees are calculated by the vehicle weight and type of vehicle.
Required minimums:
- $25,000 bodily injury/death (1 party)
- $50,000 bodily injury/death (All)
- $15,000 property damage
Source: Colorado DMV
What to Include in a Colorado Bill of Sale?
- The buyer’s name + address
- The seller’s name + address
- The vehicle/car description (make, model, year, + body style)
- The car’s vehicle identification number (VIN)
- The sale date
- Transaction details (purchase: price, trade, and/or gift)
- The warranty information (sold “as-is”)
- The Odometer Disclosure
- The Federal Law, 49 U.S. Code § 32705, requires a bill of sale to include a verifying statement about the vehicle’s mileage. Vehicles greater than ten years old and over 16,000 pounds are exempt.