After completing the Odometer Disclosure in Colorado, there are a few important steps you should take to ensure proper documentation and legal compliance. Here's what you should do:
1. Complete the necessary fields: Make sure you have filled out all the required fields on the Odometer Disclosure form accurately and honestly. Double-check for any errors or omissions before proceeding further.
2. Sign the document: As the seller of the vehicle, you need to sign the Odometer Disclosure form to authenticate the information provided. Use your legal signature, just as it appears on other official documents.
3. Provide copies: Make copies of the completed and signed Odometer Disclosure form for your records. It's always a good idea to have a backup copy, which can be helpful during potential disputes or legal proceedings in the future.
4. Provide the form to the appropriate party: Depending on the buyer's circumstances, you may need to provide the Odometer Disclosure form to different recipients:
a. If you sell the vehicle to a Colorado resident: In this case, you should provide the original completed and signed Odometer Disclosure form to the buyer. The buyer will use this document for their own records or while registering the vehicle.
b. If you sell the vehicle to an out-of-state resident: The Colorado Odometer Disclosure form may not be applicable to buyers from other states. However, it's still a good practice to provide a copy of the completed form to the buyer. They may need it to fulfill the requirements of their state's DMV or for future private sales.
5. Keep a record: Maintain a record of the completed Odometer Disclosure form and any other related documents associated with the sale of the vehicle. This includes the bill of sale, vehicle history report, and any additional paperwork you exchanged with the buyer. Organizing these documents will help you in case of any disputes or legal issues in the future.
Remember, complying with odometer disclosure laws is crucial to avoid legal complications and protect yourself as a seller. If you have any doubts or questions regarding the proper procedures, consult with the Colorado Division of Motor Vehicles or legal professionals for guidance.