When you conduct any type of transaction for an item that is valued at more than $500, it’s best to keep a record of that sale or purchase. If you are buying or selling valuable items, such as artwork, firearms, boats, cars, horses, guns, or anything else, you should consider using a free Colorado bill of sale template.
Templates make it easy to legally account for all of the necessary details involved in the sale or purchase. All you have to do is fill in the items that apply to your situation. Alternatively, you can create your own template based on the information in this article and add the necessary sections or remove anything that you don’t need.
A general bill of sale can be used for just about anything. As the name suggests, a general bill of sale is a legal document that proves a sale or purchase took place. It is the best way for you and any other parties involved to prove that ownership was transferred. A general bill of sale needs to be notarized, so always ensure that you and the other parties involved sign it in front of the notary public. If you don’t have the document notarized, it likely won’t hold up in court should you end up in that situation.
The following are examples of what a general bill of sale can be used for:
A Colorado vehicle bill of sale is what you should use when you transfer ownership of a vehicle to someone else. This document should include the following:
Note: In Colorado, all individuals who privately purchase a vehicle must register it within 60 days of purchase. In order to register the vehicle, a valid bill of sale is required. Additionally, it is not possible to complete the vehicle registration without a title to the vehicle, which can be obtained using the bill of sale if necessary.
There are Colorado examples for bills of sale for a snowmobile, vessel (boat), or OHV online. As with any other vehicle, anyone who purchases a boat will have to register it. Additionally, off highway vehicles and snowmobiles must also be registered. For all of these types of vehicles, registration must occur within 60 days of purchase. In order to complete registration, the new owner must prove ownership with a Colorado bill of sale.
The state of Colorado does not require individuals to register firearms, but you should still complete a firearm bill of sale just to be on the safe side. It’s recommended that you create this legal document for all private party sales. In fact, if you purchase a gun from a dealer, they will very likely provide you with a bill of sale.
In Colorado, a horse bill of sale is important. You don’t have to register horses in Colorado, but you should still get a bill of sale for the transaction. Horses are an expensive investment, and having a bill of sale proves your ownership. In addition to information like the price and the contact details for the buyer and seller, the following should be included in the bill of sale:
Yes.With a Colorado bill of sale template, you won’t forget to list important details, such as the price or the vessel number for a boat. You can choose an entire template, or even take bits and pieces of multiple templates to create exactly what you need. This allows you to sell or purchase the item while enjoying extra legal protection. It also protects the other party involved in the sale. With a bill of sale, you can prevent any liability issues down the line, especially if the buyer finds a defect or sustains an injury after the sale is complete and all documents are notarized.
With a Colorado bill of sale template, you can also get a template in a different language if necessary. For example, the Colorado DMV offers templates in multiple languages which you can use.
When you use a general Colorado-based bill of sale or a bill of sale for a boat, gun, horse, car, or anything else, you should always have at least two copies: one for yourself and one for the other party. You might also consider having even more copies to give to an attorney down the line. If more than two parties are involved in the sale and purchase of the item, copies should be made, signed, and notarized for everyone involved.
If you want to know how to write a bill of sale in Colorado for your gun, horse, boat, car, or any other large item, you can use the guide below. In almost all situations involving the sale of an item, there is basic information that should be included to cover you from a legal standpoint.
This first section is where you include the name and address for both the buyer and the seller. The names should be on separate lines. Of course, if there are more than two parties involved because of joint ownership or joint purchasing, add extra lines to accommodate everyone.
The next section is where you include the details pertaining to the item you’re selling or buying. This will differ depending on what it is.
If you are selling a gun in Colorado, the Colorado gun bill of sale should include the make, model, serial number, and caliber of the gun.
If you are selling a vehicle, you need to include the make, model, year, title number, color, and an odometer disclosure statement for the Colorado DMV. This statement will indicate what the odometer reading is on the date the vehicle is sold. This helps to determine whether the odometer is in excess of any mechanical limits for the vehicle.
If you are selling property, such as antiques or artwork, this section might include any certifications you have, certificates of authenticity and any other important or relevant information.
The purchase section is where you include the sale price and the method of payment. If you want to draft a general Colorado bill of sale that you can use for a vehicle, artwork, or a horse, you can list different payment options and then put boxes next to each option. When you are completing the sale, you can then check off the box to designate the payment method for this particular sale..
You can have a section on your bill of sale stating that one vehicle is being exchanged for another, or you can have an option that explains that a firearm or a horse is being given as a gift. You might decide to add a third option where you indicate that a cash payment was transferred to your bank account or given directly to you.
The disclosure details represents a separate section where you as the seller legally acknowledge that you have the right to sell the item, that you know it will only be used for its intended purpose, that there are no known defects with the item, the details listed on the Colorado bill of sale are correct, and you have no responsibility for the item after ownership is transferred.
Including a statement that you are selling the item based on the agreement and assumption that the item will be used for its intended purpose is particularly important when you are drafting a gun bill of sale.
Depending on what you are selling, you might encounter sales tax in the state of Colorado. It’s always best to have a section for any sales tax in your Colorado bill of sale so you can specify how much it is and whether it is included in the final purchase price.
If any property is being transferred, you need to include a warranty section. This is where you can delineate between “under warranty” or “as is.” When you sell something under warranty, the section should include the details of the warranty.
A vehicle warranty might state that if anything happens to the vehicle or if it stops working properly within 30 days, the buyer can get a refund.
If something is sold “as is,” that means the seller is not responsible for anything once the sale is completed. Any defects or damage thereafter is the sole responsibility of the buyer.
There are other details you might see fit to include in your Colorado bill of sale depending on what it is you are selling and the terms of that sale.
If you are trying to draft a bill of sale,using a Colorado bill of sale PDF version can be found for free online. Using these is worth considering because they can easily be printed and filled. They can then be scanned and saved without any alterations to the text. More importantly, if you are selling a boat, gun, horse, or car, you can use the template online no matter how simple or complex you need the document to be. It’s possible to set it up in a way that the other party is only able to fill out or make changes to their part of the document, ensuring that nothing is altered inappropriately.