If the papers get approved, you will get a title marked "bonded." Colorado Bonded Title Requirements You can see these details on the certified inspection form that you got in earlier steps.Ĭomplete the necessary forms and submit your paperwork to the local DMV. When applying for the Colorado bonded title, ensure that you have the manufacturer and vehicle number. While doing so, use the correct bond amount from the step above. The next step is to buy a bond from a surety company.
After calculating your bond, you will be ready to buy the bonded title. For instance, if the value of your vehicle is $3,000, the bond amount should be $6,000. The bond amount will be double the appraised value of your vehicle. The appraisal should show the year, make, model, and the VIN of your vehicle. You can also choose price guidebooks for vehicles seven years or newer or computerized valuation services, such as NADA Guides.
DUPLICATE TITLE COLORADO LICENSE NUMBER
After the appraisal, the dealer needs to write the appraisal value on their letterhead and sign it, including the dealership license number somewhere in the appraisal. You need a licensed motor vehicle dealer in Colorado to do the appraisal. Next, get an appraised value of the vehicle. Until you get a lien release, you cannot qualify for a Colorado bonded title. The search also shows any liens on the vehicle. The presence of an original title from a previous seller means you do not need a bonded title anymore. If there are records on the vehicle, you may only need to contact the previous owner of the vehicle and get the title. If you choose to send your form by mail, the process may take up to 30 days, but the processing at the Denver office is instant.Ī record search shows any existing records on a vehicle. The Colorado Title Search will cost you $2.20, and you can have it delivered by mail, or you can pick it from the Denver State Office. You need to pay $20 for the inspection.Īfter the inspection, you need to perform a title record search. The Colorado law enforcement officer is responsible for vehicle inspections, and they give you a certified VIN vehicle inspection form after the inspection. If the DMV office gives you the go-ahead, the next step will be to schedule a vehicle inspection. The local DMV will check if you are eligible for the bonded title.Įxplain your situation without leaving out any details and then ask if it is possible to get a bonded title. To start the process of applying for the bonded title, attempt to contact your local DMV. How Do You Get a Bonded Title in Colorado? The bond holds you responsible for any actions.
If you resolve the claim, the process ends there. Failure to take care of the claim will prompt the surety company to launch an investigation into the claim. If someone makes a claim against your bond, it is your responsibility to take care of the claim. You are accountable for any claims on your surety bond. The surety bond shows that you are the true owner of the vehicle. The branding shows that there is a surety bond attached to the title. Unlike the regular title, this title comes marked "bonded" in its brand section. It is the same as a regular motor vehicle title, and you can use it to drive the car legally around Colorado, sell the car, and register the car. What Is Bonded Title in Colorado?Īlso known as a lost title bond, the bonded title is a kind of surety bond or a document that shows you are the legal owner of a vehicle. Here is what you need to know about bonded titles. The title bond allows the owner of a vehicle to claim the ownership of a vehicle when they do not have the original title. If you have a car with no title in the state of Colorado, you can go and get a bonded title. Why Do I Need a Bond for Certificate of Title in Colorado? Who Needs to Get a Bonded Title in Colorado?
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