Those two fees were added by the state legislature in 2009 to fund road and bridge repair, and since then, vehicle registration fees have provided $1.3 billion in road and bridge funding. If you get a specialty plate, you might also have to pay a fee that funds a specific cause.
Registration fees include a license fee and an ownership tax. License Fees are based on the weight of the vehicle. This fee usually runs about $75.00 for passenger vehicles, or $90.00 for light truck vehicles. Ownership Tax is based on the age and taxable value of the vehicle.
In general, you may need : Secure and Verifiable Identification. Proof of Colorado Auto Insurance on vehicle to be registered . Vehicle Title or “Title Complete Card” for a new registration . Proof of Emissions, if applicable. VIN Verification, if applicable. Form of Payment: Credit Card, Debit Card, Cash, Check or Money Order.
Registration Requirements If the vehicle was titled in another state a VIN verification must be completed. Title assigned in owner’s name or current out of state registration . Secure and Verifiable Identification Information. Proof of Colorado Vehicle Emissions (if applicable) Proof Of Insurance: Acceptable types of insurance polices.
Multiply the sales tax rate by your taxable purchase price. For example, if the total of state, county and local taxes was 8 percent and the total taxable cost of your car was $18,000, your sales tax would be $1,440.
Does Colorado Charge a Sales Tax on Car Purchases? In the State of Colorado , you are going to pay 2.9% on any car you purchase.
For an approximate figure of the ownership taxes for twelve months you may use the following schedule: First Year = 2.10% of taxable value. Second Year = 1.50% of taxable value. Third Year = 1.2% of taxable value.
You will need 2 forms of state-issued IDs, 1 of which must be a photo ID. All of the following are considered valid forms of identification in Colorado : Colorado driver’s license . U.S. birth certificate.
Yes, but only if you drive the vehicle directly to the first place of storage (usually your home) within three days of the sale. You must have the properly assigned title and proof of insurance with you. Do not use the seller’s license plate on the vehicle while driving it home.
It is relatively easy to register your car or truck in Colorado . With Colorado vehicle registration being valid for one year, you will only have to do this every 12 months. The initial registration must be done in person at the DMV, but subsequent registrations can be done by mail or online .
Although it isn’t required for registration , it may be useful during the titling process. A bill of sale may be used as a document to help establish your ownership of a vehicle if you do not have the original title signed by the seller. Vehicles must be registered within 30 days of purchase.
Buying Or Selling: What Do I Need To Transfer My Title In Colorado ? The existing title properly filled out and signed . Bill of sale. Proof of insurance. Proof of an emissions test where applicable. Verifiable identification such as a driver’s license. Payment for all fees and taxes due.