Purchasing or selling a motorcycle in Colorado (CO) doesn’t have to be difficult. A bill of sale form is the most important document to use for motorcycle transactions and acquisitions in Colorado.
A bill of sale form is helpful in the event of a legal disagreement and can be used to prove ownership of a motorcycle (for more details, see below).
This page provides guidelines for the paperwork that’s required to buy or sell a motorcycle in Colorado, as well as the details of the procedures involved in each process. It also defines what a motorcycle bill of sale form for Colorado is.
- What Is a Colorado Motorcycle Bill of Sale Form?
- Is a Motorcycle Bill of Sale Form Required in Colorado?
- Do You Need a Bill of Sale to Register a Motorcycle in Colorado?
- How Do I Transfer Ownership of a Motorcycle in Colorado?
- Can I Transfer a Motorcycle With a Bill of Sale Only?
- Does a Colorado Motorcycle Bill of Sale Need to Be Notarized?
- Buying and Selling a Motorcycle in Colorado
- How to Write a Motorcycle Bill of Sale in Colorado
- Colorado Motorcycle Bill of Sale Sample
What Is a Colorado Motorcycle Bill of Sale Form?
A motorcycle bill of sale form for Colorado is a form that’s used to document the sale of a motorcycle in the state from one person to another.
The form lists significant details about the motorcycle, including the make, model, year, vehicle identification number (VIN), and odometer reading at the time of the transaction.
Additionally, it provides information about the buyer and seller, such as names, addresses, and signatures.
A Colorado motorcycle bill of sale form is important because it confirms ownership and can be used if any disagreements or legal problems ever arise with the sale.
Is a Motorcycle Bill of Sale Form Required in Colorado?
Yes, when buying or selling a motorcycle in Colorado, you must complete a motorcycle bill of sale form.
A bill of sale serves as ownership documentation and safeguards both the buyer and the seller in case of legal disputes.
It’s also useful when getting a new title and registration in the buyer’s name from the Colorado Department of Motor Vehicles (DMV). The buyer and the seller must fully fill out and sign the bill of sale form.
A copy of the bill of sale should be kept by each party for their documentation of the sale.
Do You Need a Bill of Sale to Register a Motorcycle in Colorado?
Yes, a bill of sale is required in Colorado to register a motorcycle. The Colorado DMV needs the details from the bill of sale for sales tax purposes, complete the registration procedure and establish ownership of the motorcycle.
The original or a duplicate of the bill of sale must be submitted with the Application for Title and/or Registration document when you file for a new title and registration for a motorcycle in Colorado.
The following details should be on the bill of sale:
- The name and address of the buyer and seller
- The date of the sale
- The make, model, year, odometer reading, and VIN of the motorcycle
- The purchase price
The DMV also requires additional documents, such as proof of insurance, a valid driver’s license, odometer disclosure, and an emissions test certificate, depending on the specific circumstances of your registration.
It’s important to remember that if the information on the bill of sale doesn’t exactly match the information on the Application for Title and/or Registration form, the DMV may refuse your application.
Therefore, before submitting your bill of sale to the DMV, make sure that it’s correct and comprehensive.
How Do I Transfer Ownership of a Motorcycle in Colorado?
You need to take the following steps to transfer ownership of a motorcycle in Colorado:
Step 1 – Complete the Bill of Sale Form
The bill of sale should include the buyer’s and seller’s names and addresses, the sale date, and the motorcycle’s make, model, year, VIN, odometer reading, and purchase price.
Step 2 – Sign Over the Certificate of Title
Complete the title transfer for the motorcycle by getting the seller to sign the back side of the motorcycle certificate of title (title documents are usually issued by county DMV offices in Colorado).
If there is more than one owner listed on the front of the title, all owners must print and sign their name as the seller.
The buyer must then fill out the Application for Title and/or Registration form and send it to the Colorado DMV along with the genuine title, the bill of sale, and any necessary taxes and fees.
The lienholder must also sign the title document if there’s a lien on the motorcycle.
Step 4 – Get an Emissions Certificate
If the buyer lives in one of the designated emissions areas of the state, the buyer must get an emissions certificate from the county in which they live.
Step 4 – Obtain Insurance
As required by Colorado law, the buyer must acquire liability insurance coverage for the motorcycle prior to registering it.
Step 5 – Register the Motorcycle
The buyer can register the motorcycle with a county DMV office after the title transfer is finished and insurance is acquired.
The buyer is required to send in the Application for Title and/or Registration form, documentation of insurance, and pay appropriate taxes and fees.
A fresh set of license plates must be obtained from the Colorado DMV if the motorcycle was previously registered in another state.
It’s essential to remember that the bill of sale acts as documentation of ownership and transfer of the motorcycle, so both the buyer and the seller should retain a copy for their records.
Can I Transfer a Motorcycle With a Bill of Sale Only?
In Colorado, you can’t transfer the ownership of a motorcycle using just a bill of sale. A bill of sale is an important record that attests to the motorcycle’s sale and transfer of ownership, but it’s insufficient to transfer the title to the new owner.
In Colorado, the seller must sign the back of the certificate of title and give it to the buyer to relinquish ownership of a motorcycle.
The buyer must then finish the Application for Title and/or Registration form and submit it to the Colorado DMV along with the genuine title, the bill of sale, and any necessary fees.
The actual title — not just a bill of sale — must be given to the new owner, according to the DMV. This is so that the buyer can acquire a new title and registration in their name, as the title is the formal record that establishes ownership of the motorcycle.
Therefore, when selling a motorcycle in Colorado, it’s crucial to make sure that the title is correctly passed to the new owner.
Before passing ownership to the buyer, the seller should file for a replacement title if the original is lost or damaged.
Does a Colorado Motorcycle Bill of Sale Need to Be Notarized?
A motorcycle bill of sale isn’t required to be notarized in Colorado to be deemed valid. However, both the buyer and the seller should sign the bill of sale in the presence of one another.
Some counties require the signatures to be notarized if the motorcycle is less than 10 years old.
Note that even though notarization isn’t required, it’s still advisable to have a bill of sale notarized to safeguard both parties in the event any legal disputes arise around the validity of the transaction.
Buying and Selling a Motorcycle in Colorado
Buying a Motorcycle in Colorado
The basic procedures for purchasing a motorcycle in Colorado are:
Step 1 – Research
Do your homework and decide what kind of motorcycle you want to purchase.
Think about things like your budget, riding experience, and planned motorcycle use.
Step 2 – Find a Motorcycle
Start looking at your choices once you’ve decided on the kind of motorcycle you want to purchase.
You can look through ads from individual sellers, stores, and internet outlets.
Step 3 – Check Out the Motorcycle
It’s essential to inspect the motorcycle closely before purchasing it. You can inspect it yourself or get a professional safety inspection.
Take it for a test ride if you can, and look for any signs of damage or wear and tear.
Step 4 – Negotiate the Price
If you’re happy with the motorcycle’s condition, you can begin price negotiations with the seller.
Step 5 Obtain a Bill of Sale
After you and the seller have come to an agreement on a price, you must fill out a motorcycle bill of sale.
The motorcycle’s specifications, the selling price, and the names and addresses of both parties should all be listed on this form.
Step 6 – Close the Deal
After you’ve consented to the conditions of the sale and have a completed bill of sale, you can close the deal by paying the seller and taking ownership of the motorcycle.
Step 7 – Register the Motorcycle
Within 30 days of acquisition, you must register the motorcycle with your local county DMV office.
You must present the signed over title, bill of sale, proof of insurance, and any additional necessary documentation to register the motorcycle.
You will also need to pay the motorcycle title fees, registration fees, and any applicable sales tax.
Step 8 – Obtain a Motorcycle Endorsement
In Colorado, you’re required to have a motorcycle endorsement added to your Colorado driver’s license before operating a motorcycle on a public road.
You must pass a written exam, a motorcycle drive skills test, and a motorcycle operator safety training course to become eligible for a motorcycle endorsement.
Keep in mind that some of these steps could change based on whether you’re purchasing a new or used motorcycle.
Selling a Motorcycle in Colorado
The basic procedures for selling a motorcycle in Colorado are:
Step 1 – Gather Paperwork
Before you sell your motorcycle, collect all the required documentation, such as the title, registration, and any maintenance or repair documents.
Step 2 – Calculate the Value
Use internet tools such as the Kelley Blue Book, NADA Guides, or ad postings to research the value of your motorcycle in your area.
This will help you estimate how much your motorcycle is likely to fetch on the market.
Step 3 – Advertise
Create a motorcycle advertisement that includes the make, model, year, miles, condition, and any unique characteristics of your bike.
Place the ad in local publications, on social media, or on internet websites.
Step 4 – Show the Motorcycle
When prospective buyers get in touch with you, set up a time and place to show them the motorcycle.
If they’re sincere about buying it, allow them to take it for a test ride, and be ready to address any questions they may have.
Step 5 – Negotiate the Price
Once you’ve identified someone who’s interested in purchasing your motorcycle, negotiate the price.
Step 6 – Complete the Sale
After you and the buyer have agreed on a price, you can carry out the transaction.
A bill of sale that states the date of the sale, the parties’ names and addresses, the specifications of the motorcycle, and the purchase price must be given to the buyer.
The ownership (title) of the motorcycle must also be transferred to the buyer, as outlined in the previous sections.
Step 7 – Cancel Your Insurance and Registration
After the transaction is complete, cancel your motorcycle’s insurance and registration to shield yourself from any potential liability.
It’s important to note that the specific steps for buying or selling a motorcycle in Colorado can vary depending on the conditions of the sale. If you have any questions, it’s best to consult the Colorado DMV.
How to Write a Motorcycle Bill of Sale in Colorado
It’s easy to write a motorcycle bill of sale in Colorado as long as you include precise details about the buyer, seller, and motorcycle being sold.
The steps are:
Step 1 – Identify the Parties Concerned
Start by stating the full names and complete addresses of the buyer and seller.
Step 2 – Describe the Motorcycle
Include a thorough account of the motorcycle in the description on the form.
This should take into account the motorcycle’s make, model, year, VIN, mileage, and color.
Step 3 – State the Selling Price
Clearly state the motorcycle’s agreed-upon sales price.
To prevent any misunderstanding, this should be written in both spelled-out and numerical form.
Step 4 – Include a Warranty Disclaimer
Indicate that there are no promises or guarantees with the motorcycle transaction and that it’s being offered “as-is.”
Step 5 – Sign and Date the Bill of Sale
The buyer and seller must both sign and date the bill of sale.
This should occur in the presence of a notary public if you’re using one.
To summarize, you must use a bill of sale when purchasing or selling a motorcycle in Colorado.
Our automated motorcycle bill of sale template for Colorado with accompanying motorcycle bill of sale template instructions makes creating this document easy.
Colorado Motorcycle Bill of Sale Sample
Below is an example of a Colorado motorcycle bill of sale.