Glad you asked. The Terms and Conditions for all bidders in the Colorado Plates Auction are listed below:
Acknowledgement
By bidding in an auction for a registration number, you agree to all of these Terms and Conditions for auctions conducted pursuant to C.R.S. § 42-1-404(1), as well as compliance with all applicable federal and state laws and regulations.
Payment Agreement
By bidding in an auction for a registration number, you agree to pay the maximum amount of your bid to the License Plate Auction Colorado Disability Funding Committee (the “Colorado Disability Funding Committee”), if you are the winning bidder.
Tax Rules
By bidding in an auction for a registration number, you agree that the Colorado Disability Funding Committee has not made any representations regarding whether all or part of a winning bid amount is eligible for a tax deduction or tax credit under any state or federal law.
Plate Ownership Date
If you are the winning bidder for a registration number, the closing date of the auction shall be deemed the first day of right to use the registration number.
Gifts and Transfers to Recipient
If you are the winning bidder for a registration number, you may choose to gift the registration number to another person or entity at the time you make payment in full of the winning bid amount. In such event, the closing date of the auction shall be deemed the first day on which the gift recipient owns the right to use the registration number. At no other time shall the registration number be transferable.
Time of Ownership
The winning bidder or gift recipient shall own the right to use the registration number for a period of three (3) years from the closing date of the auction, or until the registration of the vehicle to which the registration number is registered (if any) has expired pursuant to C.R.S. 42-3-114-, 42-3-211(4) and (6)(d), whichever is sooner. Additionally, the winning bidder or gift recipient shall have the right to renew the registration number for three (3) additional terms of three (3) years. The cost of renewal for each term shall be equal to 30% of the amount of the original winning bid. However, in no event shall the winning bidder or gift recipient’s right to the registration number exceed a total of twelve (12) years.
Failed Payments
Notwithstanding the provisions of Numbers 3, 4, and 5, above, if a winning bidder fails to make payment in full of the winning bid amount within seven (7) calendar days from the closing date of the auction, the winning bid shall be cancelled and the registration number associated with the winning bid shall revert back to the Colorado Disability Funding Committee. At that time, the committee may offer the registration number to the next highest bidder, or place the registration number back into reserved status for future auction by the Colorado Disability Funding Committee.
Plate Registration
After an auction closes, and the amount of the winning bid is paid in full, the Colorado Disability Funding Committee will notify the Title and Registration Section of the Colorado Department of Revenue (the “Department”) of the winning bidder or gift recipient’s name, telephone number, mailing address, and the registration number won.
Registration Number
A winning bidder or gift recipient is not required to register the registration number to a vehicle during the period of ownership.
Registration Process
(1) If a winning bidder or gift recipient chooses to register the registration number to a vehicle, then he or she may do so by submitting the Certificate of Ownership along with any other required registration materials to the Department, the manufactured license plate will be provided by the Department.
(2) If a winning bidder or gift recipient chooses to register the registration number to a vehicle, then the winning bidder or gift recipient must comply with all applicable title and registration requirements, including but not limited to the payment of any taxes and fees, before the Department will issue a license plate that bears the registration number.
(3) If a winning bidder or gift recipient chooses to register the registration number to a vehicle and would like to select a group special or alumni license plate type from among those authorized by the Department, then the winning bidder or gift recipient must comply with all applicable qualification requirements, including but not limited to pre-certification requirements, vehicle type requirements, person-specific requirements, payment of required donations, and payment of any fees, before the Department will issue a group special or alumni license plate that bears the registration number.
(4) If a winning bidder or gift recipient chooses to register the registration number to a vehicle and would like to select an alternative license plate material, the alternative material must be pre-approved by the Department and the winning bidder or gift recipient must pay all costs associated with obtaining and manufacturing the registration number on the alternative material before the Department will issue a license plate that bears the registration number.
(5) If a winning bidder or gift recipient chooses to register the registration number to a vehicle and selects a group special or alumni license plate type, then any graphics or logos that usually appear on such a plate type may not appear on the license plate issued by the Department that bears the registration number
(6) If a winning bidder or gift recipient fails to take possession of the personalized license plate within thirteen months of the license plate’s being made available by the Department, the license plate will return to the Department and will be rendered unusable. Under these circumstances, the registration number will revert to reserve status for future auction by the Colorado Disability Funding Committee. If a winning bidder chooses to register the registration number to a vehicle, then the license plate issued by the Department associated with the registration number shall belong to the winning bidder. If a winning bidder chooses to gift the registration number, and the gift recipient chooses to register the registration number to a vehicle, then the license plate issued by the Department associated with the registration number shall belong to the gift recipient. In such cases, no other individual(s) listed on the vehicle associated with the registration number has any ownership right or interest in any license plate issued by the Department or the registration number.
All funds will be processed through Handbid using a credit card. Offline payments (e.g. cash or check) will not be accepted. If you have won the item for an amount larger than you want to pay by credit card, you may contact Colorado Plates directly to discuss alternative payment options.
The Colorado Disability Funding Committee has not made any representations regarding whether all or part of a winning bid amount is eligible for a tax deduction or tax credit under any state or federal law.
If you are the winning bidder of a license plate, the day the auction closes will be the first day of the ownership period.
If you are the winning bidder for a license plate, you are allowed to transfer the plate to any person of your choosing upon the completion of the payment. At no other time during the lifecycle of your plate ownership shall the plate be transferred.
You (the winning bidder) or a transfer recipient of a plate will have the plate for 3 years. He or she will also be allowed to renew for 30% of the winning bid price. You will be able to renew for up to 12 years of total ownership.
If you do not pay within 7 days of the close of the auction, the Committee will cancel your bid and offer the plate to the next highest bidder. If the next highest bidder declines, the plate will be removed and placed in a future auction.
After an auction closes, and the amount of the winning bid is paid in full, the Colorado Disability Funding Committee will notify the Title and Registration Section of the Colorado Department of Revenue of your (the winning bidder) or the transfer recipient’s name, telephone number, mailing address, and the registration number won.
A winning bidder or gift recipient is not required to register the plate number to a vehicle during the period of ownership.
If you choose to register the registration number to a vehicle, then you may do so by submitting the Certificate of Ownership along with any other required registration materials to the Department, the manufactured license plate will be provided by the Department.
You also must comply with all applicable title and registration requirements, including but not limited to the payment of any taxes and fees, before the Department will issue a license plate that bears the registration number.
If you choose to select a group special or alumni license plate type from among those authorized by the Department, then you must comply requirements, payment of required donations, and payment of any fees, before the Department will issue a group special or alumni license plate with the registration number. Also, any graphics or logos that usually appear on such a plate type may not appear on the license plate issued by the Department.
This also applies to the use of alternative materials. The alternative material must be pre-approved by the Department and you must pay all costs associated with obtaining and manufacturing the registration number on the alternative material before the Department will issue a license plate that has the plate number.
If you fail to take possession of the personalized license plate within thirteen months of the license plate’s being made available by the Department, the license plate will return to the Department. Under these circumstances, the plate number will then be allowed to be placed in a future auction by the Colorado Disability Funding Committee.