Buying a car out of state can be an exciting and rewarding endeavor, especially if you reside in Colorado. The beautiful landscapes and stunning mountain views make for the perfect backdrop while cruising in your new wheels.
However, there are a few important factors to consider when embarking on this journey. In this blog post, we will explore the ins and outs of buying a car out of state in Colorado. From researching vehicle regulations and taxes to finding reputable dealerships and ensuring proper paperwork, we will guide you through the process step by step.
So, buckle up and get ready for a smooth ride into the world of out-of-state car purchases in Colorado!
Buying A Car Out Of State Colorado
Buying a car out of state can be an exciting and cost-effective option for Colorado residents, providing access to a wider selection and potentially better deals. While it may involve some additional steps and considerations, understanding the process of buying a car out of state in Colorado can help buyers navigate the requirements, paperwork, and potential challenges associated with such a purchase. This article aims to provide a comprehensive guide for those interested in buying a car out of state in Colorado, covering topics such as researching and finding the right vehicle, understanding legal and financial considerations, arranging for transportation, and completing the necessary paperwork to ensure a smooth and successful car-buying experience.
Why Consider Buying a Car Out of State
Buying a car out of state can come with a myriad of benefits. One of the main reasons why people consider this option is the potential for savings. Different states have different tax rates, and some even have lower registration fees.
This means that you may be able to find a better deal by purchasing a car from a state with lower taxes. Additionally, by broadening your search to other states, you have a wider selection of vehicles to choose from.
This increases your chances of finding the perfect car that fits your budget and preferences.
1. Wider Selection of Cars
When you limit your car search to just your local area, your options may be limited. However, by considering buying a car out of state, you open yourself up to a wider selection of vehicles.
Different states may have different car markets, so you may find unique models or rare vehicles that aren’t readily available in your area. This allows you to explore a greater variety of options and find a car that truly meets your needs and preferences.
Potential for SavingsOne of the biggest advantages of buying a car out of state is the potential for savings. Each state has its own tax rates, and some states have lower sales tax rates than others.
By purchasing a car from a state with lower taxes, you may be able to save a significant amount of money. Additionally, some states have lower registration fees and other associated costs, which further adds to your potential savings. It’s important to research the tax and fee differences between states to see if buying out of state would be financially beneficial for you.
More Negotiation PowerWhen you expand your car search to other states, you have more bargaining power during negotiations. Since you are not limited to just local dealerships, you can gather quotes from different sellers and use them as leverage to negotiate a better deal.
Dealerships may be more willing to negotiate on price or offer additional incentives to out-of-state buyers in order to secure the sale. This can give you the upper hand and potentially save you even more money on your car purchase.
In conclusion, buying a car out of state in Colorado can be a smart decision. It opens up a wider selection of cars, offers the potential for savings through tax and fee differences, and gives you more negotiation power. However, it’s important to thoroughly research the process of buying a car out of state, including understanding any additional requirements or fees associated with transferring the vehicle to your home state. With careful planning and consideration, buying a car out of state can be a rewarding experience that results in finding the perfect car at a great price.
2. Potential Cost Savings
One of the reasons why buying a car out of state in Colorado can be advantageous is the potential for cost savings. Each state has its own tax rates, and some states may have lower sales tax rates than Colorado. By purchasing a car from a state with lower taxes, you may be able to save a significant amount of money.
Additionally, some states may have lower registration fees and other associated costs, further adding to your potential savings. It is important to research the tax and fee differences between states to determine if buying out of state would be financially beneficial for you.
3. Unique or HardtoFind Models
Another benefit of buying a car out of state in Colorado is the possibility of finding unique or hard-to-find models. Not all car dealerships carry the same inventory, and certain models may be more readily available in other states. If you have a specific make and model in mind that is difficult to find locally, expanding your search to out of state dealerships can greatly increase your chances of finding the car you want.
This can be especially advantageous for buyers who are looking for niche or specialty vehicles.
4. Avoiding Sales Tax or Lower Tax Rates
Another advantage of buying a car out of state in Colorado is the potential to avoid sales tax or find lower tax rates. Each state has different tax rates and regulations, and some states may have lower sales tax rates than Colorado.
By purchasing a car in a state with a lower tax rate, you can potentially save a significant amount of money. Additionally, some states do not require out-of-state buyers to pay sales tax at all, further reducing your overall costs. It is important to research and understand the tax laws of both the state you are buying from and the state you will be registering the car in to ensure you are compliant with all regulations.
Steps to Buying a Car Out of State
When buying a car out of state in Colorado, there are a few important steps you need to follow. First, determine the car you want to purchase and search for it in nearby states.
Use online resources and car listings to find the best options available. Next, contact the seller and inquire about the car’s condition, history, and any other relevant details. If the car meets your criteria, negotiate the price and arrange for a test drive.
Before finalizing the purchase, it is crucial to inspect the car thoroughly. If you are not able to do so personally, consider hiring a professional inspection service to ensure there are no hidden issues. Once you are satisfied with the car’s condition and have agreed upon a price, arrange for payment and transportation.
You may need to travel to the seller’s location or hire a car transportation service to bring the vehicle to you. Finally, after the car has been delivered or picked up, obtain all necessary documentation, including the bill of sale, title transfer, and any warranty information.
Register the car in your home state and pay any applicable taxes or fees. By following these steps, you can successfully buy a car out of state in Colorado and enjoy the advantages of a wider selection, potentially lower prices, and avoiding or minimizing sales tax expenses.
1. Research Car Options
When buying a car out of state in Colorado, it is important to first research the options available to you. Use online resources and car listings to find the best cars in nearby states.
Compare prices, features, and specifications to narrow down your choices.
Contact the SellerOnce you have found a car that meets your criteria, contact the seller and inquire about the car’s condition, history, and any other relevant details.
It is important to gather as much information as possible before making a decision.
Negotiate and Test DriveIf the car meets your expectations, negotiate the price with the seller and arrange for a test drive.
It is crucial to physically inspect and drive the car to ensure it is in good condition and meets your requirements.
Thorough InspectionBefore finalizing the purchase, conduct a thorough inspection of the car. If you are unable to do it personally, consider hiring a professional inspection service to identify any hidden issues.
This step is crucial to avoid any surprises after the purchase.
Arrange Payment and TransportationOnce you are satisfied with the car’s condition and have agreed upon a price, arrange for payment and transportation.
You may need to travel to the seller’s location to pick up the car or hire a car transportation service to have it delivered to you.
Obtain DocumentationAfter the car has been delivered or picked up, make sure to obtain all necessary documentation. This includes the bill of sale, title transfer, and any warranty information. These documents are essential for registering the car in your home state.
Register the CarFinally, register the car in your home state and pay any applicable taxes or fees. This step ensures that you comply with all legal requirements and can enjoy your newly purchased car without any issues. By following these steps, you can successfully buy a car out of state in Colorado and take advantage of a wider selection, potentially lower prices, and minimize sales tax expenses.
2. Determine Budget and Financing Options
Before buying a car out of state in Colorado, it is important to determine your budget and explore financing options. Calculate how much you can afford to spend on a car, taking into consideration not only the purchase price but also ongoing costs such as insurance, maintenance, and fuel. Research different financing options, such as bank loans or dealership financing, to determine which one works best for you.
Getting pre-approved for a loan can also help streamline the buying process. By determining your budget and exploring financing options, you can ensure that you are financially prepared to buy a car out of state in Colorado.
3. Arrange for a Prepurchase Inspection
Before buying a car out of state in Colorado, it is crucial to arrange for a pre-purchase inspection. This inspection should be done by a reputable mechanic or inspection service to ensure that the car is in good condition and free of any major issues. The inspection should cover all essential components of the car, including the engine, transmission, brakes, suspension, and electrical system.
By arranging for a pre-purchase inspection, you can avoid buying a car with hidden problems and make a more informed decision. This step is particularly important when buying a used car out of state, as you may not have the opportunity to test drive the vehicle beforehand.
4. Consider Additional Costs such as Shipping or Travel Expenses
When buying a car out of state in Colorado, it is important to consider additional costs such as shipping or travel expenses. If the car is located far away, you may need to arrange for transportation to bring it back home. This can involve hiring a shipping company or making arrangements to travel to the location and drive the car back yourself.
These additional costs should be factored into your budget when deciding whether to purchase a car out of state. It is also important to research the requirements and fees associated with transferring the title and registering the car in your home state.
Understanding the Legalities and Paperwork
When buying a car out of state in Colorado, it is crucial to understand the legalities and paperwork involved. Each state has its own rules and regulations regarding vehicle purchases, so it is important to familiarize yourself with Colorado’s specific requirements. This includes understanding the process for transferring the title and registering the car in your home state.
Additionally, it is essential to review and verify all paperwork related to the vehicle, such as the title, bill of sale, and vehicle history report, to ensure that everything is in order before completing the purchase. This will help you avoid any potential legal or financial issues down the line.
1. Title and Registration Requirements
When buying a car out of state, one of the first steps is to transfer the title and register the vehicle in your home state. In Colorado, you will need to obtain a properly signed and notarized title from the seller.
You will also need to complete a Bill of Sale, which includes important details such as the purchase price, vehicle identification number (VIN), and the names and addresses of the buyer and seller. Once you have the necessary paperwork, you can then go to your local DMV to transfer the title and register the car in your name. It is important to note that you may be required to pay sales tax and additional fees when transferring the title and registering the vehicle.
Vehicle History and Inspection
Before finalizing the purchase of a car from out of state, it is crucial to obtain a vehicle history report to ensure that the car has not been involved in any major accidents or has any outstanding issues, such as flood damage or recalls. You can use services like Carfax or AutoCheck to obtain a comprehensive vehicle history report.
Additionally, it is a good idea to have the car inspected by a trusted mechanic to ensure that there are no hidden mechanical issues.
Financing and Insurance
If you are planning to finance the purchase of the out-of-state car, it is important to research and secure financing before making the purchase. Many banks and credit unions offer auto loans, and it is important to compare interest rates and loan terms to ensure you are getting the best deal.
You will also need to contact your insurance provider to add the new car to your policy before driving it home.
Transporting the Car
Once all the paperwork and financial aspects have been taken care of, you will need to plan for transportation.
Depending on the distance and your preference, you can either choose to drive the car back to Colorado or hire a professional transport service. If you choose to drive the car, make sure you have all the necessary paperwork and insurance coverage for the journey. Hiring a transport service can provide peace of mind and ensure that the car arrives safely at its destination.
Buying a car out of state can be a great way to find the perfect vehicle at the right price. However, it is important to research and understand the legalities and requirements involved in the process. By familiarizing yourself with Colorado’s specific rules and regulations, verifying all paperwork, conducting a thorough vehicle history inspection, securing financing and insurance, and planning for transportation, you can ensure a smooth and hassle-free buying experience.
2. Sales Tax and Document Fees
When buying a car out of state in Colorado, it is important to be aware of the sales tax and document fees that may be applicable. Colorado has a state sales tax rate of
9%, but local taxes may also apply, depending on where you live. Additionally, there may be document fees associated with transferring the title and registering the vehicle in your name. These fees can vary, so it is advisable to check with your local DMV or tax office to determine the exact amount you will need to pay.
3. Obtaining a Temporary Registration or Trip Permit
When purchasing a car out of state in Colorado, you may need to obtain a temporary registration or trip permit. This allows you to legally drive the car back to your home state without being penalized for not having proper registration. The temporary registration or trip permit is typically valid for a limited period of time, such as 30 days, and must be displayed on the vehicle while it is being driven.
To obtain this, you will need to provide proof of ownership, proof of insurance, and pay the applicable fees.
4. Different State Laws and Regulations
It is important to familiarize yourself with the different state laws and regulations when buying a car out of state in Colorado. Each state has its own rules regarding vehicle registration, emissions testing, and safety inspections.
Make sure to research and understand these requirements before making a purchase to avoid any potential issues or complications. Additionally, it is important to note that out-of-state purchases may require additional paperwork and fees, so be prepared to complete any necessary forms or pay any required taxes when bringing the car back to Colorado.
Making the Purchase
When it comes to making the actual purchase, there are a few important steps to keep in mind. First, make sure to thoroughly research the car’s history and get a vehicle history report to ensure that there are no hidden issues or red flags.
Next, consider getting a pre-purchase inspection done by a trusted mechanic. This will help identify any potential problems with the car and give you peace of mind before making the purchase. When negotiating the price with the seller, be sure to take into account any additional expenses such as shipping or transportation fees.
It may also be a good idea to compare prices with local dealerships to ensure you are getting a fair deal. Once you have agreed upon a price, make sure to get all the necessary paperwork and documentation from the seller.
This typically includes a bill of sale, title transfer documents, and any applicable warranties or maintenance records. After purchasing the car, you will need to register it in Colorado. This will require completing all the necessary forms and paying any applicable taxes and registration fees.
Be sure to contact your local DMV office for specific instructions on how to properly register an out-of-state vehicle. Buying a car out of state in Colorado can offer a wider selection and potentially better deals. However, it is important to do your due diligence, understand the different state laws and regulations, and make sure to complete all the necessary paperwork to ensure a smooth and hassle-free buying experience.
1. Contacting Sellers and Negotiating the Price
When buying a car out of state in Colorado, one of the first steps is to contact sellers and negotiate the price. Start by searching online marketplaces and classified ads for cars that meet your criteria.
Once you find a car you’re interested in, reach out to the seller to ask any questions you may have and to negotiate the price. Keep in mind that transportation or shipping fees may need to be factored into the total cost, so be sure to discuss this with the seller as well. Comparing prices with local dealerships can also help ensure you are getting a fair deal.
Remember to be courteous and respectful during negotiations to maintain a positive interaction with the seller.
2. Secure Payment Methods and Consider Escrow Services
When buying a car out of state in Colorado, it is important to secure payment methods and consider using escrow services. Before making any payments, ensure that the seller is trustworthy and legitimate.
It is recommended to use secure payment methods such as cashier’s checks or bank transfers to protect against fraud. Additionally, consider using escrow services, where a third party holds the payment until the car is delivered and its condition is verified. This provides a layer of security for both the buyer and the seller.
Research reputable escrow services and discuss this option with the seller to ensure a smooth and safe transaction.
Arrange for Vehicle Inspection and TransportOnce the price has been negotiated and payment arrangements have been made, it is crucial to arrange for a vehicle inspection and transportation. If possible, try to have the car independently inspected by a trusted mechanic to ensure its condition matches the seller’s description. Depending on the distance, you may need to find a transportation method to bring the car to your location.
Options include driving the car back yourself, hiring a professional auto transport service, or using a car shipping company. Consider factors such as cost and convenience when making this decision.
Complete Required Paperwork and Register the VehicleAfter the car has been inspected and transported to your location, it is important to complete the necessary paperwork and register the vehicle. Contact your local DMV (Department of Motor Vehicles) to find out what documents are required to transfer ownership and register the car.
You may need to provide proof of purchase, a bill of sale, a title transfer form, and proof of insurance. Additionally, be prepared to pay any applicable taxes and fees. Following the proper steps and adhering to state regulations will ensure that the car is legally yours and can be driven without any issues.
Consider Hiring a Professional AssistanceNavigating the process of buying a car out of state can be overwhelming, especially if you are unfamiliar with the state’s specific regulations and procedures. In such cases, it can be beneficial to hire a professional car-buying service or an attorney who specializes in vehicle purchases. They can help guide you through the process, ensure all paperwork is completed correctly, and provide valuable advice to protect your interests. While this is an additional expense, it can provide peace of mind and make the entire car buying process smoother and less stressful.
3. Organize Transportation or Shipping
Once you have completed all the necessary paperwork and registration, the next step is to organize transportation or shipping for the car. If you have chosen to drive the car back yourself, make sure to plan your route and consider any accommodations or stops you may need along the way.
If you have opted for professional transportation, research reputable auto transport services or car shipping companies and compare their prices and services. Be sure to book in advance to secure a spot and ensure the safe delivery of your vehicle. By organizing transportation or shipping efficiently, you can have peace of mind knowing that your newly purchased car will arrive safely and in a timely manner.
4. Completing the Transaction and Transfer of Ownership
Once you have organized transportation or shipping for the car, the next step is to complete the transaction and transfer ownership. If you are buying from a dealership, they will typically handle the transfer process for you. However, if you are buying from a private seller, you will need to ensure all necessary paperwork is completed correctly.
Make sure to obtain a bill of sale, which serves as proof of purchase, and have the seller sign over the title to you. It is also important to update the title and registration with the Colorado Department of Revenue.
This can usually be done in person or by mail, and you may need to provide proof of insurance and pay any necessary fees. By following these steps and completing the transaction and transfer of ownership correctly, you can ensure a smooth and legal process when buying a car out of state in Colorado.
Ensuring a Smooth Transition
Buying a car out of state in Colorado may seem like a complicated process, but with the right knowledge and preparation, it can be a smooth transition. One important step to take is completing the transaction and transferring ownership of the vehicle. If buying from a dealership, they will typically handle the transfer process.
However, if buying from a private seller, it is essential to obtain a bill of sale, have the seller sign over the title, and update the title and registration with the Colorado Department of Revenue. This can usually be done in person or by mail, and may require proof of insurance and payment of relevant fees.
By following these steps, you can ensure a legal and hassle-free purchase of your out-of-state car in Colorado.
1. Finalize Insurance Coverage
Before purchasing a car out of state in Colorado, it is important to finalize your insurance coverage. Contact your insurance provider to inform them of your new vehicle and ensure that you will have proper coverage once you bring the car back to Colorado.
This step is crucial to protect yourself and comply with state laws.
Conduct a Vehicle InspectionTo avoid any surprises and potential issues with your out-of-state car purchase, it is recommended to have the vehicle inspected by a trusted mechanic.
They can identify any existing problems or potential repairs that may be needed in the future. This will allow you to negotiate the price or make an informed decision before completing the purchase.
Research and Understand Colorado’s Emission RequirementsColorado has specific emission standards that all vehicles must meet in order to be legally registered in the state. Before buying a car out of state, make sure to research and understand these requirements.
If the vehicle does not meet the standards, you may face difficulties in registering it in Colorado. Consult the Colorado Department of Public Health and Environment for detailed information on emissions requirements.
Consider Transportation CostsBuying a car out of state means you will need to transport it to Colorado. When budgeting for your purchase, make sure to factor in transportation costs, which can vary depending on the distance and method of transportation.
Whether you choose to drive the car back yourself or hire a shipping service, these costs should be taken into consideration to avoid any surprises.
Verify Vehicle History and OwnershipBefore finalizing the purchase of an out-of-state car, make sure to obtain a comprehensive vehicle history report. This report will provide you with important information such as past accidents, title changes, and any potential issues with the car. Additionally, confirm that the seller has clear ownership of the vehicle by checking the title and cross-referencing it with their identification. This will help protect you from purchasing a stolen or illegally owned vehicle.
2. Conduct a Thorough Inspection upon Receipt of the Car
Once you have purchased the car out of state and it has been transported to Colorado, it is important to conduct a thorough inspection upon receipt of the vehicle. This will allow you to identify any damages or issues that may have occurred during transportation. Check the exterior and interior of the car, inspect the engine, and test all the necessary features such as lights, brakes, and air conditioning.
If you notice any problems, contact the seller and your insurance provider immediately to address the issue. Taking the time to inspect the car will ensure that you are satisfied with your purchase and prevent any future surprises or inconveniences.
3. Resolve Any Issues or Procedural Delays
After conducting a thorough inspection, it is possible that you may encounter issues or procedural delays. These can range from missing documents or incorrect paperwork to unresolved disputes with the seller.
It is essential to resolve these issues promptly to ensure a smooth transaction. Contact the appropriate authorities, such as the Department of Motor Vehicles or your insurance provider, to address any paperwork or legal issues. If there are disputes with the seller, consider seeking legal advice or mediation to find a resolution.
By addressing and resolving any issues or delays, you can minimize any potential complications and enjoy your newly purchased out-of-state car without any further disruptions.
4. Registering the Vehicle in the Home State
Once all the necessary documentation and paperwork have been collected and any issues or procedural delays have been resolved, it’s time to register the vehicle in your home state. This typically involves contacting your local Department of Motor Vehicles (DMV) and providing them with the required documents, such as the title, bill of sale, and proof of insurance.
Depending on your state’s specific requirements, you may also need to have the car inspected or pay additional fees. Once the registration process is complete, you will receive your new license plates and registration documents, allowing you to legally drive your out-of-state car in Colorado.
Conclusion of Buying A Car Out Of State Colorado
Summary: Buying a car from another state can be a convenient option for Colorado residents who are looking for a wider selection of vehicles or better deals. However, there are a few things to keep in mind when purchasing a car out of state. This article provides a brief overview of the key considerations, including sales tax, vehicle registration, and transportation logistics.
By understanding the processes and requirements involved, buying a car out of state can be a smooth and successful experience.
FAQ’s of Buying A Car Out Of State Colorado
Does Colorado collect sales tax on out of state car purchases?
Yes, Colorado does collect sales tax on out-of-state car purchases. However, the amount of sales tax may vary based on the location of purchase and the specific circumstances. It is advisable to consult with the Colorado Department of Revenue or a licensed tax professional for accurate and up-to-date information regarding sales tax on out-of-state car purchases in Colorado.
Can I buy a car out of state and register it in Colorado?
Yes, you can buy a car out of state and register it in Colorado. However, there are certain steps you need to follow. Firstly, you will need to obtain a title from the seller, which should be signed and notarized. Then, you will need to complete an emissions test in Colorado, as well as get the vehicle identification number (VIN) verified. Next, you can visit a Colorado Division of Motor Vehicles (DMV) office to register the car, pay the necessary fees, and obtain your Colorado license plates. It’s always a good idea to check with the Colorado DMV for any specific requirements or additional paperwork needed.
Can I buy a car in Florida and register it in another state?
Yes, it is possible to buy a car in Florida and register it in another state. You will need to follow the registration requirements set by the state where you plan to register the vehicle. These requirements often include providing proof of ownership, a bill of sale, a title transfer, and payment of any applicable taxes and fees. It is recommended to contact the Division of Motor Vehicles or the equivalent agency in your intended state of registration to get specific information on the process and any restrictions that may apply.
How do I register a car in Colorado that I bought out of state?
To register a car in Colorado that you bought out of state, you will need to follow a few steps. First, gather all the required documents, which typically include the vehicle’s title, bill of sale, emission certificate (if applicable), proof of insurance, and identification. Next, visit your local Colorado Division of Motor Vehicles (DMV) office and submit the necessary paperwork. You may need to provide additional documentation if the vehicle has a lien or if there are any outstanding issues with its title. Once your documents are verified, you will need to pay the registration fees and taxes based on the vehicle’s value and weight. Upon completion of the registration process, you will receive your new Colorado license plates and registration card. It is important to note that Colorado requires a VIN verification for out-of-state vehicles, so you may need to schedule an appointment for this step. It is recommended to contact your local DMV or check their website for specific instructions and any additional requirements before registering an out-of-state vehicle in Colorado.
Can I buy a car in Florida and register it in Colorado?
Yes, you can buy a car in Florida and register it in Colorado. However, you will need to follow the specific registration requirements set by the Colorado Division of Motor Vehicles (DMV), which may include providing proof of ownership, a proper bill of sale, and appropriate documentation for sales tax payment. It is recommended to contact the Colorado DMV directly for specific instructions on how to register an out-of-state vehicle.
Can I buy a car in Florida and register in Texas?
Yes, you can buy a car in Florida and register it in Texas. However, you will need to follow the specific registration procedures of the Texas Department of Motor Vehicles (DMV) to complete the registration process. This may involve providing specific documents, paying the necessary fees, and meeting any other requirements set by the Texas DMV.
How do I transfer a car title from Florida to Colorado?
To transfer a car title from Florida to Colorado, you will need to follow these steps: 1. Obtain the necessary documents: You will need the original car title, a completed Application for Title (Form DR 2395), a VIN verification form, an emissions test certificate (if applicable), a bill of sale (including the purchase price), and proof of insurance. 2. Complete the Application for Title: Fill out the Application for Title (Form DR 2395) with accurate information about yourself, the vehicle, and its previous owner. Make sure to bring your driver’s license and proof of identification. 3. Get a VIN Verification: Schedule an appointment with a Colorado State Patrol (CSP) office or a licensed VIN verifier to inspect the vehicle’s identification number (VIN). They will verify that the VIN matches the vehicle’s records. 4. Complete the emission test (if required): If your vehicle is more than seven years old, you may need to get an emissions test before transferring the title. Check the Colorado Department of Public Health and Environment (CDPHE) website for specific requirements and locations. 5. Pay the required fees: Visit the nearest Colorado Division of Motor Vehicles (DMV) office and pay the necessary title transfer fees, registration fees, and taxes. The fees may vary depending on the type and value of the vehicle. 6. Submit the documents: Bring all the required documents, including the completed Application for Title, to the DMV office. They will verify the information and process your title transfer. You may also need to provide proof of insurance at this stage. 7. Receive your new title: Once the title transfer is approved, you will be issued a new Colorado car title reflecting you as the vehicle’s owner. It may be mailed to you or issued on the spot depending on the DMV office. Remember to check the specific requirements and procedures with the Colorado DMV before starting the title transfer process.