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Financed Purchase bill of sale — Lakewood, Colorado

Financed Purchase Payment Bill of Sale for Boat in Lakewood, CO

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for th… Complete your Lakewood boat financed purchase transaction at the Jefferson County Motor Vehicle.

LakewoodColoradoBoatFinanced Purchase

Financed Purchase Boat Sale in Lakewood

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for the buyer to purchase the vehicle. The lender holds a security interest (lien) in the vehicle until the loan is fully repaid.

In Lakewood, Colorado, the local office handling title transfers is the Jefferson County Motor Vehicle at 100 Jefferson County Pkwy, Golden, CO 80419. The combined sales tax rate is 7.50%. Notarization is not required for a private vehicle bill of sale in this jurisdiction.

Payment documentation requirements

When a bank or credit union finances the purchase, they typically pay the seller directly and the buyer repays the lender in installments. If the seller is providing financing (seller carry-back), a separate promissory note should document the loan terms, interest rate, payment schedule, and default provisions in addition to the bill of sale.

How financed purchase affects title transfer

In financed transactions, the title is issued with the lender's name noted as lienholder. The buyer receives a copy of the title but the lender typically holds the original until the loan is paid off. Once the loan is satisfied, the lender releases the lien and the buyer receives a clean title.

Local DMV — Jefferson County

DMV / Title Office

Jefferson County Motor Vehicle

Address

100 Jefferson County Pkwy, Golden, CO 80419

Phone

(303) 271-8100

Office Hours

Mon–Fri 7:30 AM–5:00 PM

Local Fees & Taxes

Title Transfer Fee

$7.20

Sales Tax Rate

7.50%

Base Registration Fee

$26.00

Colorado state rate 2.9% + Jefferson County 0.5% + Lakewood city 3.0% + RTD 1.0%

Notarization: NOT REQUIRED

Colorado does not require notarization for private vehicle sales.

Lakewood Financed Purchase Transfer Checklist

  • The federal Truth in Lending Act (TILA / Regulation Z) requires disclosure of the APR, finance charge, amount financed, and total of payments.
  • The lienholder must be recorded on the title so the lender’s security interest is perfected.
  • Keep the signed retail installment contract or loan agreement together with the bill of sale.
  • Colorado applies 2.9% state plus local taxes; ownership tax based on age on vehicle purchases, collected when the buyer registers the vehicle.
  • Colorado does not require notarization for a private-party bill of sale, though notarized signatures are more defensible.
  • Colorado’s official bill of sale form is DR 2173 (Bill of Sale for a Motor Vehicle).
  • An odometer disclosure is required on the Colorado title transfer.
  • Colorado requires an emissions or smog test before the buyer can register the vehicle.
  • Title must be transferred at the Jefferson County Motor Vehicle office within 60 days
  • Emissions testing required in the Denver metro area including Lakewood
  • Buyer pays sales/use tax at time of title transfer
  • Vehicle specific ownership tax assessed annually

Colorado forms and documents

  • TILA Disclosure Statement
  • Retail Installment Contract or Loan Agreement
  • DR 2173 (Bill of Sale for a Motor Vehicle)

Key facts for financed purchase transactions

  • Lienholder's name appears on title until loan is fully repaid
  • Seller financing requires a promissory note in addition to the bill of sale
  • Truth in Lending Act (TILA) disclosures required for seller financing
  • Existing liens on the vehicle must be cleared before title transfers
  • State usury laws cap the maximum interest rate in seller-financed deals

Important notice

If the vehicle still has an existing lien from the seller's own loan, that lien must be paid off and released before clear title can be transferred to the buyer. Never complete a financed purchase without confirming the title is free of prior liens.

Lakewood at a glance

Population

156,309

Median Household Income

$85,789

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Frequently asked questions

How does a financed purchase boat sale work in Lakewood?

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for the buyer to purchase the vehicle. The lender holds a security interest (lien) in the vehicle until the loan is fully repaid. Title transfers in Lakewood are handled at the Jefferson County Motor Vehicle (100 Jefferson County Pkwy, Golden, CO 80419). When a bank or credit union finances the purchase, they typically pay the seller directly and the buyer repays the lender in installments. If the seller is providing financing (seller carry-back), a separate promissory note should document the loan terms, interest rate, payment schedule, and default provisions in addition to the bill of sale.

What is the sales tax on a financed purchase boat purchase in Lakewood?

The combined sales tax rate in Lakewood is 7.50%. Colorado state rate 2.9% + Jefferson County 0.5% + Lakewood city 3.0% + RTD 1.0%

How does financed purchase affect the title transfer process in Lakewood?

In financed transactions, the title is issued with the lender's name noted as lienholder. The buyer receives a copy of the title but the lender typically holds the original until the loan is paid off. Once the loan is satisfied, the lender releases the lien and the buyer receives a clean title. Bring the signed title and completed bill of sale to the Jefferson County Motor Vehicle (100 Jefferson County Pkwy, Golden, CO 80419) with payment for the $7.20 title transfer fee.

Is notarization required for a financed purchase boat bill of sale in Lakewood?

No. Colorado does not require notarization for private vehicle sales.

What are the legal requirements for a financed purchase boat sale in Colorado?

Seller-provided financing is subject to the Truth in Lending Act (TILA, Regulation Z), which requires disclosure of the Annual Percentage Rate (APR), total finance charge, amount financed, and total payments. State usury laws may limit the maximum interest rate a private seller can charge. Dealer-provided financing is regulated at the state level and may involve additional disclosure requirements. The federal Truth in Lending Act (TILA / Regulation Z) requires disclosure of the APR, finance charge, amount financed, and total of payments.

Is a financed purchase bill of sale legally binding in Lakewood?

Yes. A properly completed bill of sale with financed purchase payment terms is legally binding in Colorado. Both buyer and seller should sign and retain a copy. Bring it to the Jefferson County Motor Vehicle to complete the title transfer.

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