How To Register A Gifted Vehicle In Colorado?

Are you looking to register a gifted vehicle in Colorado? It can be a confusing process, but don’t worry, we’ve got you covered. In this guide, we’ll walk you through the steps you need to take to register your gifted vehicle and ensure that you’re driving legally on Colorado roads.

First, it’s important to understand what a gifted vehicle is. Simply put, a gifted vehicle is a vehicle that has been given to you as a gift, without any exchange of money. Now that you know what a gifted vehicle is, let’s dive into the steps you need to take to register it in Colorado.

How to Register a Gifted Vehicle in Colorado?

If you have received a gifted vehicle in Colorado, you will need to register it with the Department of Motor Vehicles (DMV) before you can drive it legally. While the process may seem daunting at first, it is actually straightforward and can be completed in just a few steps. In this article, we will guide you through the process of registering a gifted vehicle in Colorado.

Step 1: Obtain the Required Documents

To register a gifted vehicle in Colorado, you will need the following documents:

1. The vehicle title: The vehicle title must be signed over to you by the person who gifted you the vehicle.

2. The Bill of Sale: A Bill of Sale is not required but is recommended as it provides proof of the transfer of ownership.

3. A Valid Colorado Driver’s License: You must have a valid Colorado driver’s license to register a vehicle in Colorado.

4. Proof of Insurance: You must provide proof of insurance for the vehicle you are registering.

Step 2: Complete the Required Forms

Once you have obtained the required documents, you will need to complete the necessary forms to register the gifted vehicle. The forms you will need to complete include:

1. The Application for Title and/or Registration: This form is used to apply for a Colorado title and/or register your vehicle.

2. The Bill of Sale: If you have a Bill of Sale, you will need to complete this form as well.

3. The VIN Verification: You will need to have the vehicle identification number (VIN) verified by a Colorado law enforcement officer, licensed Colorado motor vehicle dealer, or a licensed Colorado emissions testing station.

Step 3: Pay the Required Fees

To register a gifted vehicle in Colorado, you will need to pay the required fees. The fees you will need to pay include:

1. Title Fee: The title fee is $7.20.

2. Registration Fee: The registration fee varies depending on the vehicle’s weight, model year, and taxable value.

3. Sales Tax: You may be required to pay sales tax on the vehicle, depending on the circumstances of the gift and the value of the vehicle.

Step 4: Submit Your Documents

Once you have completed the required forms and paid the necessary fees, you will need to submit your documents to the DMV. You can submit your documents in person at a DMV office or by mail.

Step 5: Receive Your Title and Registration

After your documents have been processed, you will receive your Colorado title and registration. You can expect to receive your documents within four to six weeks if you submitted them by mail.

Benefits of Registering a Gifted Vehicle

Registering a gifted vehicle in Colorado provides several benefits, including:

• Legal ownership of the vehicle
• The ability to obtain insurance for the vehicle
• The ability to legally drive the vehicle on Colorado roads

Gifting a Vehicle vs. Selling a Vehicle

When deciding whether to gift a vehicle or sell it, there are several factors to consider. Gifting a vehicle can be a good option if you want to transfer ownership to a family member or friend without receiving payment. However, if you sell a vehicle, you can receive payment for the vehicle and potentially avoid paying gift taxes.

Conclusion

Registering a gifted vehicle in Colorado is a straightforward process that requires obtaining the necessary documents, completing the required forms, paying the required fees, and submitting your documents to the DMV. By following these steps, you can legally own and drive your gifted vehicle in Colorado.

Frequently Asked Questions

1. What is a gifted vehicle in Colorado?

A gifted vehicle is a vehicle that is given as a gift without any exchange of money or other valuable consideration. In Colorado, a gifted vehicle is subject to the same registration requirements as a vehicle that is purchased or acquired in any other way.

To register a gifted vehicle in Colorado, the recipient must provide proof of ownership and pay the applicable fees and taxes.

2. What documents are required to register a gifted vehicle in Colorado?

To register a gifted vehicle in Colorado, the recipient must provide a completed Application for Title and/or Registration, a Bill of Sale or Gift Affidavit, and the vehicle’s certificate of title or manufacturer’s statement of origin.

In addition, the recipient must provide proof of insurance, a valid driver’s license or identification card, and payment for the applicable fees and taxes.

3. How much does it cost to register a gifted vehicle in Colorado?

The cost to register a gifted vehicle in Colorado varies depending on several factors, such as the type of vehicle, its weight, and the recipient’s county of residence. In general, the recipient can expect to pay fees for title, registration, and license plates, as well as any applicable taxes.

The recipient should contact their county motor vehicle office or visit the Colorado Division of Motor Vehicles website for more information about specific fees and taxes.

4. Can a gifted vehicle be registered online in Colorado?

Yes, the recipient of a gifted vehicle can register it online through the Colorado Division of Motor Vehicles website. However, the recipient must first create an account and provide the required documents, such as the vehicle’s title and proof of insurance.

If the recipient prefers, they can also register the gifted vehicle in person at their county motor vehicle office or through the mail.

5. Is it necessary to have a vehicle emissions test when registering a gifted vehicle in Colorado?

Yes, in most cases, a vehicle emissions test is required when registering a gifted vehicle in Colorado. The recipient should check with their county motor vehicle office to determine if an emissions test is required for their particular vehicle.

If an emissions test is required, the recipient must have the test performed within 90 days of registering the vehicle. The test results must then be submitted to the county motor vehicle office as part of the registration process.

How To Register Your Vehicle in Colorado 2021

In conclusion, registering a gifted vehicle in Colorado can seem like a daunting task, but with the right information and steps, it can be a straightforward process.

Firstly, it is important to have all the necessary documentation, including the vehicle title, bill of sale, and emission test results. Secondly, you must visit the county clerk and recorder’s office and complete the necessary paperwork and pay the registration fees.

Finally, it is crucial to ensure that the vehicle is insured before driving it on public roads. By following these steps, you can successfully register your gifted vehicle in Colorado and enjoy driving it legally and safely.