How to Sell a Car in Coloradoby Natalie Gailes
If you're ready to sell your car and live in Colorado, make sure your vehicle look its best. Fix any minor mechanical issues, tend to minor cosmetic problems and detail your car, both inside and out, to increase your profit margin. Locate the required forms beforehand to ensure a smooth transaction. Familiarize yourself with how to sell a car in Colorado so that you know the sale is legal.
If you want to sell a car in the state of Colorado, you must transfer the title to the buyer. If you cannot locate the title, request a new one by filling out the "Duplicate Title and Receipt Request" form at your county Title and Registration Office. Have a copy of your vehicle registration and pay the required fee.
Collect the funds from the buyer. Accept full payment in the form of cash, money order or cashier's check only. If you are selling a newer vehicle and the buyer needs financing, make sure he arranges his own and pays your the purchase amount in full. This protects you from having to repossess the car in the event of nonpayment.
Transfer the title to the buyer. Fill out the required information in the seller's box on the back of your "Colorado Certificate of Title." Write in your name and address, in addition to those of the buyer. Include the odometer reading if the car you are selling is less than 10 years old and sign your name to complete the process.
If the buyer lives inside an emissions region, it is the seller's obligation to provide a copy of the inspection certificate. This proves your car passed the required emmissions tests. Visit the Colorado Department of Revenue online to determine if the buyer lives in an emissions region.
Provide the buyer with a bill of sale. Write down the buyer's name and address, along with a complete description of the car. This includes the make, model, year and Vehicle Identification Number. Record the date of sale along with the purchase amount. Write "Paid in Full" on the bill of sale and sign.
- check When you sell a car in Colorado, keep the liscense plates. In Colorado, the buyer is responsible for obtaining temporary license plate.