13 0 obj After you have made your purchase and received an executed bill of sale the first thing you should do is put it in a secured location. This bill of sale form can be completely customized using an appropriate document Colorado title transfers for cars are common procedures that must be completed whenever a vehicle is passed from one owner to another. A bill of sale becomes necessary when a vehicle is purchased after hours and it needs to be driven prior to registration. Colorado Bill of Sale Requirements. INSTRUCTIONS: • All areas must be completed in full. 5 0 obj It will generally include: A vehicle description and vehicle identification number (VIN). eñþÏÃﶳaæÿ*`hf Kayaks 3. The buyer possesses in the vehicle a Bill of Sale that shows the time and date of sale and that is signed by both buyer and seller. If applying for vehicle registration, most states now have an online registration portal you can use in which case you will need an electronic copy of the document. <> stream When purchasing or selling a Trailer in Colorado you always want to document the transfer of vehicle from the seller to the buyer. Effective date July 1, 2005 as a result of Senate Bill 05-014 . Effective 1/1/05 as a result of Senate Bill 05-014 . <> In short, a properly executed Bill of Sale will protect you from future liabilities and allow you to register the vehicle. <> Competant Parties and Legal Intent: Both parties entering the contract must be competant (age, mental capacity, and not impaired or forced). 12 0 obj Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following rules: Offer: The agreement to exchange the vehicle for an amount of money. Fees for the VIN verification vary by location. Usually … 2. A Certificate of Title or other ownership documents must accompany this form. 8 0 obj endobj The form allows the parties to write a total purchase price with a breakdown of how much the boat, engine, and trailer cost for tax purposes. COLORADO TRAILER BILL OF SALE This bill of sale can be used to transfer ownership of a used trailer from one party to another. VEHICLE BILL OF SALE A Bill of Sale releases interest in a vehicle. Similar to cars, trailers must be titled and registered with Motor Vehicles. A proper bill of sale will be necessary when applying for registration as you will need to show ownership of the trailer. Boats 2. A Colorado bill of sale is a document that details the exchange of ownership related to the item discussed in the document. • Complete the buyer area exactly as the new Certificate Title will … A separate form is available for boat trailer trailers. Farm Animals Flatbed Trailers 1. In addition to the signed title, we suggest the buyer also secure a valid Colorado Trailer Bill of Sale document which stipulates the details including the condition and description of the Trailer, as … There are two general reasons why you want to get a Bill of Sale in Colorado when purchasing or selling a Trailer: 1. There are many types of choose from the list below: Hauling Trailers 1. ), and any other specific… Acceptance: Signatures of both parties on the bill of sale. If parts or supplies were purchased to build the trailer, bills of sale are also required. Note that when meeting the CO title … ( Secure and verifiable) Bill of sale. Statement of Homemade Trailer and Assignment of Trailer I.D. The Colorado Trailer bill of sale can be used to document the transfer of ownership of a used trailer from the Seller to the Buyer. <> endstream The trailer bill is a legal document that supports the sale of a structure which is towed by a vehicle. This form is specifically worded for the sale of a trailer, the type towed behind a vehicle. A title transfer should generally suffice when a seller reassigns ownership of a vehicle or vessel to a buyer. MV 4 (Revised 1/14) Title: Microsoft Word - DMV_Bill_of_Sale.docx 6 0 obj The buyer possesses in the vehicle proof of insurance. Some Colorado counties provide a bill of sale, so check with your CO county motor vehicle office to find out if they have a form you can use. An appointment must first be made with the Colorado State Patrol to perform the inspection. The form can be completely customized using an appropriate document editing software. BILL OF SALE VEHICLE DESCRIPTION VEHICLE IDENTIFICATION NUMBER (VIN) YEAR MAKE MODEL I/We _____ sell, transfer and deliver the above vehicle Stretch 2. Single / Multi-Vehicle Once you know the type of trailer it’s best to get the number (#) of axels, length, year, maximum weight (lb. endobj The document is highly beneficial because it acts as legal proof of ownership and can also be used in court to prove ownership. In order to register and/or title heavy equipment or special mobile machinery (SMM) in Denver County, the following documentation is required: New owner identification. 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. It also proves transference of ownership. A Trailer bill of sale form produces a viable paper transcript illustrating the details appertaining to the sale of a non-powered utility transport that is to be used in tow or to tow another vehicle.This form entails material facts on the purchaser and seller, the trailer, date of sale and signature for authentication of purchase. Required fields are marked *. ... A Statement of Trailer Ownership (Form DR 2374) and a bill of sale for tax purposes. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 14 0 R/Group<>/Tabs/S/StructParents 1>> Equipment Invoice. Not Refrigerated Vehicle Carrying Trailers 1. A vehicle bill of sale should be completed by the vehicle seller and submitted along with other documentation required when selling a motor vehicle. Canoes 4. endobj May also include conditions of the sale for the buyer and the seller. Typically this is done by signing the “Transfer by Owner” or “Assignment” section on the rear of the original title. Trailer Bill of Sale Template. The builder must obtain a certified VIN inspection from the Colorado State Patrol, and complete a DR 2697. 11 0 obj endobj We also suggest both the seller keep a copy of the Bill of Sale, and the buyer keep the original. The Colorado Boat Bill of Sale is a document that is used between a seller and buyer of a vessel that proves the negotiation and purchase between the parties. We offer other specialized bills of sale for boat trailers, horse trailers, and travel trailers. A bill of sale for a trailer is a document that is commonly used for the transaction or sale of a trailer. 4. Whether you giving or receiving cash for an item, you want proof of the transaction in the event someone makes a claim against ownership (if you are the buyer) or if someone is injured by or on the trailer (if you are the seller). Consideration: The amount of money being exchanged. Bill of Sale Know all men by these presence: ... Pursuant to Colorado Revised Statutes § 42-3-115-The transferee may operate a motor vehicle on the ... a bill of sale that shows the time and date of sale and that is signed by both the buyer and seller AND (E) the owner possesses, in the vehicle, proof of insurance as required… Title: Consideration: The amount of money being exchanged. endobj This will ensure the seller can document the sale of their vehicle if property is damaged or someone is injured during its use. endobj Vehicles must be registered within 30 days of purchase. the uyer possesses in the vehile a ill of sale that shows the time and date of sale and that is signed y oth the uyer and seller. 14 0 obj The form can be used for utility trailers, horse trailers, snowmobile trailers, etc. A completed and signed Verification of Vehicle Identification Number (Form DR 2698) as proof of a VIN verification for an out-of-state trailer. The vehicle's final sale price. We also provide a generic bill of sale that's printable and easy-to-use. A contract to complete an illegal act is not binding. Names of the buyer and seller. Effective date July 1, 2005 as a result of Senate Bill 05-014 . Trailers can range from a few hundred to thousands of dollars depending on the type. The date and time of the sale. <> endobj <> ... 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. The buyer possesses in the vehicle proof of insurance. Secure Motor Vehicle Bill of Sale DR 2173 For example, if you are selling your trailer in Colorado, then the trailer bill of sale will be drafted by you, and it will include the details of the transaction. In Colorado, a bill of sale is only required in certain circumstances. Your email address will not be published. Colorado Boat/Trailer Bill of Sale Use the Colorado boat and trailer bill of sale to transfer the ownership and conduct a sale of a motorized boat including the trailer (if any). xœ½ZmoÛ6þnÀÿLlV$õZ’6)24iV{Še(œXN´ÚR&ÉËòïww”d§’ª¶c«‰^(ÝÝsÇãsG³'ìÙ³'g/N_2çùsvôòû{. <> Remove any sections you feel are not pertinent to this sale. Once the title is transferred, the new owner can register the trailer with their state for road use. If lost, you won’t be able to apply for registration, won’t be able to prove ownership if someone claims the vehicle is theirs, and you may have some difficulty selling. The form allows the parties to write a total purchase price with a breakdown of how much the boat, engine, and trailer cost for tax purposes. Vehicle owners must complete a car title transfer through their county motor vehicle offices, since these serve as agents of the Division of Motor Vehicles (DMV) of the state Department of Revenue (DOR).. The purpose of this method of transaction will often be for the sake of ensuring the quality of the vehicle (in this case the trailer), as well as ensuring that the rights and title of … A bill of sale acts as a contract between the buyer and seller of a Trailer. However, many trailer sales take place between private parties. Bill of sale must be properly completed. <> Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following rules: Offer: The agreement to exchange the vehicle for an amount of money. What Does a Bill of Sale Need to be Valid? Your email address will not be published. Refrigerated 2. 4. No, but a Colorado bill of sale for motor vehicles can still be an important document. 7 0 obj The Bill of Sale or Even-Trade Bill of Sale must be notarized when showing proof of ownership on major component parts of a rebuilt vehicle or when specifically requested to … Your state may require the trailer be registered with the department of motor vehicles. If you buy your trailer from a dealership, you will automatically receive a bill of sale. Enclosed / Open 3. endobj Add information that you feel should be included in the form. 4. A bill of sale either notarized or signed under penalty of perjury. 10 0 obj In short, a properly executed Bill of Sale will protect you from future liabilities and allow you to register the vehicle. COLORADO RV BILL OF SALE This bill of sale can be used to transfer ownership of a used RV from one party to another. ATV 2. Trailer Registration in Colorado. 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. The contract is also valid only if it is lawful. The trailer bill of sale can also be used to determine how much tax you pay. A Colorado bill of sale is a document that helps to verify a transfer of ownership between the buyer and seller of a vehicle. May also include conditions of the sale for the buyer and the seller. Title: BILL OF SALE Author: This document must be signed by all parties involved, before a notary public. It is a simple form of insurance. The owner possesses, in the vehicle, a bill of sale that shows the time and date of the sale signed by both the buyer and seller with proof of insurance. These vehicles can be very expensive. The bill protects you as well as the buyer, in case, if any disagreements or disputes arise in the future. We always suggest locking up your bill of sale in a filing cabinet or safe, where a combination or key is needed to access. Use the Colorado boat and trailer bill of sale to transfer the ownership and conduct a sale of a motorized boat including the trailer (if any). endobj Double-Drop Dry-Van (Enclosed) Trailers 1. LCMV005 (10/07) Trailer Bill of Sale for Colorado. The buyer possesses in the vehicle a Bill of Sale that shows the time and the date of sale and that is signed by both buyer and seller. 9 0 obj Some … endobj The buyer possesses in the vehicle proof of insurance. Usually in a numeric and written form. 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