Buyers and sellers of motorcycles in Colorado may have to comply with certain requirements to make the transfer of ownership legal. Consider preparing a Colorado motorcycle bill of sale because it may not only be an essential document to provide warranties for both parties of the deal but also to properly register and title the vehicle.
Colorado bill of sale forms – click for additional Colorado-related bill of sale documents that you may require.
A bill of sale will never be intricate if you know its specifics. Use our bill of sale guide – https://formspal.com/bill-of-sale-templates/ – it has all the information you need.
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According to the requirements existing in Colorado, you must register your motorcycle. The registration procedure of a bike is very much the same as for any other vehicle. You will need to provide the following documents to the Colorado Department of Revenue the (Division of Motor Vehicle) if you have a vehicle titled in this state:
If the vehicle is titled in a different state, then you will need to provide its current registration and undergo VIN verification.
If the motorcycle that you have recently bought is not titled in Colorado, then you will need to undergo this procedure.
The following documents are required for that:
A bill of sale may be required for tax purposes, and it can also serve as proof of ownership. Both the buyer and the seller should have a copy of the free bill of sale template for their own records. In case of selling your motorcycle, you should make sure that the purchaser will have all the needed documents for further registration of the vehicle.
A free template of a bill of sale that you can use is available on the official website of Colorado DOR. You can simply open and fill out the form available in a printable PDF format. You can enter all the required information by navigating from field to field.
The form must be signed by both the seller and the purchaser of the motorcycle. You should also notarize the document to ensure that it will be recognized legal in Colorado or any other US state.
The essential information to add to the free motorcycle bill of sale template includes:
|Document Name||Colorado Motorcycle Bill of Sale Form|
|Other Name||Colorado Bill of Sale for Motorcycle|
|Relevant Link||Colorado Division of Motor Vehicles|
|Registration Fee||At least $3|
|Avg. Time to Fill Out||11 minutes|
|# of Fillable Fields||66|
|Available Formats||Adobe PDF|
Here, you may take a look at the directions compiled by drawing upon the Colorado motorcycle bill of sale form made by our team. Nevertheless, if there is a document offered by your local officials, it is always advised to choose it in the transaction.
Step 1: Indicate the date when document is created and filled out.
Step 2: Type in the details of both parties (purchaser and seller):
Step 3: Describe the motor vehicle being sold:
Step 4: Enter the transaction method and selling price.
Enter the sale date and write the full sum that must be paid for the motorcycle. You need to furthermore indicate the sale method the buyer will go for:
Your next step is deciding on the form of payment:
The last thing to do in this section would be to select whether all applicable taxes are included in the price.
Step 5: Read through standard provisions and confirm that both sides understand them.
They typically state that the buyer acquires the motorcycle sold in “as-is” condition and is liable for it once the transaction is finished.
Step 6: Place your signature(s) in the corresponding fields.
In most states, the signature of the purchaser is not mandatory. Yet, it’s advised to get the document signed by both sides. You could additionally have one or several witnesses attest the deal.
Step 7: Use the help of a notary public
Using this method, you’ll have even more legal protection. Yet, this step is generally completely elective.
The original bill of sale copy must be presented to the buyer since they most likely will need it to get a title to their new motorcycle. There are two approaches here: you should either complete and sign two identical forms or make a copy for the seller to store.