Get Promissory Note In Connection With Sale Of Vehicle Or Automobile - Colorado

Filling out a promissory note for the sale of a vehicle in Colorado is a straightforward process that ensures both the buyer and seller understand their obligations. This guide will walk you through each section of the note to assist you in completing it accurately and efficiently.

Follow the steps to complete your promissory note online.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Enter the total amount for the vehicle sale in the blank space indicated as '$_________________'.
3. Fill in the county where the transaction is taking place by completing the section labeled '_____________ County, Colorado'.
4. Insert the date of the agreement in the specified area marked 'Date: _______________'.
5. Identify the buyer(s) by entering their full names in the designated area. Ensure that the names match the identification documents.
6. For the seller(s), provide the full name and address in the appropriate sections labeled '________________________' and '______________________________'.
7. Specify the amount due in the 'sum of _______________________ ($__________)', indicating whether there will be interest and, if so, what percentage.
8. Detail the monthly installment amount by completing the section that asks for 'monthly installments of __________________ per month', including the due date for the first payment.
9. Read through the terms regarding pre-payment penalties, defaults, collection costs, and repossession rights to ensure understanding.
10. Fill out the vehicle details, including make, model, year, and VIN in the corresponding fields.
11. Choose the option regarding the title of the vehicle by checking the appropriate box for either retaining or transferring the title at execution.
12. Complete the buyer(s) information section with names, addresses, and phone numbers as required.
13. Finalize the document by reviewing all entries for accuracy. Once confirmed, users can save changes, download, print, or share the completed form.

Start filling out your promissory note online today to ensure a smooth vehicle sale process.