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If you are purchasing a vehicle from or selling a vehicle to another private party, the buyer needs a Bill of Sale.
Unless otherwise stated, there are no guarantees in a bill of sale. The vehicle is sold on an ?as is, where is? basis. Signing Requirements ? Buyer and seller must sign. Odometer Disclosure Statement (Federal Form) ? Must be attached to all vehicles under 16,000 lbs and under ten (10) years old.
While it is common to present a bill of sale in a digital format, you can also create this type of contractual agreement as a handwritten document on paper.
Colorado Bill of Sale is a legal document in the state of Colorado that needs to be completed when the seller is transferring the ownership of the property to the buyer. This document is essential because this will confirm that the buyer purchases the property in a legitimate transaction.
How to Write Step 1 ? Save The As-Is Bill Of Sale To Properly Document Your Transaction. ... Step 2 ? Produce The Date Of Reference For This Sale. ... Step 3 ? Identify The As-Is Seller. ... Step 4 ? Name The Purchaser Behind This Sale. ... Step 5 ? Record The As-Is Transaction Amount. ... Step 6 ? Discuss The Purchase Details.