![]() ![]() Purchase a Colorado title bond for twice the vehicle’s appraised value.Determine the vehicle’s current appraised value.You must obtain a lien release for any active lien before you can apply for a bonded title. Contact them by certified mail and complete PS Form 3811-A as proof that you have done so. You’ll receive information on any prior titleholder or existing lien holder. Submit a request for a Colorado title record.Fill out an affidavit of intended use, Form DR 2489A.(Peace Officers Standards and Training) inspector, who will complete Form DR 2704. Have a VIN inspection done by a certified P.O.S.T.The process for obtaining a Colorado bonded title is a bit complicated. If that’s the case and your certificate of title has since been lost or stolen, all you need to do is apply at your nearest county DMV for a duplicate certificate. You don’t need a Colorado bonded title if the vehicle in question was ever registered in your name. It’s best to explain the circumstances at your county DMV office and find out whether you may qualify to receive a Colorado bonded title. Who is Eligible for a Bonded Title?Ī bonded title can be issued only for a motor vehicle that is not a salvage vehicle and is in your possession within the state of Colorado. If a Colorado bonded title remains uncontested, at the end of the title bond’s three-year term, it can be replaced with a standard certificate of title. The bond also guarantees payment of damages to a lienholder or other individual who comes forward with proof of ownership while the Colorado title bond is in force or to a subsequent purchaser who incurs a loss as a result. Without a valid certificate of title, there is no way to insure, register, or transfer ownership of a vehicle to someone else.Īll of those things can be done with a Colorado bonded title-a title that is backed by a surety bond that indemnifies the state if it later turns out that a bonded title should not have been issued. ![]() A Colorado bonded title is the solution for someone who purchased a vehicle through a private sale and either did not receive a title, received one that was improperly assigned or otherwise defective, or that was lost or stolen before the vehicle could be registered in the new owner’s name. ![]()
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