According to Colorado law, do motor vehicle leasing companies need a motor vehicle dealer's license?

Motor vehicle leasing companies in Colorado are not required to obtain a motor vehicle dealer's license because their primary business model focuses on leasing rather than selling vehicles. The regulatory framework distinguishes between leasing and selling activities, with specific licensing requirements outlined for each. Since leasing is classified differently under Colorado law, leasing companies can operate without the licensing obligations that apply to dealerships that sell vehicles. This allows them to manage their leasing operations efficiently without the need for dealer licensure, which is intended for those engaged in vehicle sales.