Which of the following statements is true regarding in-transit plates?

The statement indicating that in-transit plates may be used to transport vehicles from point of purchase to storage is accurate. In-transit plates are specifically designed for the temporary transportation of vehicles, allowing a dealer or purchaser to legally drive a vehicle before full registration is completed. This function is essential for facilitating the movement of vehicles between the point of sale and a storage location, which is crucial for both dealerships and private buyers.

The other statements present limitations or inaccuracies regarding the use of in-transit plates. For example, the idea that they are only valid for personal vehicle transportation is too restrictive, as they serve a broader purpose in facilitating commercial transactions and logistics. The claim that in-transit plates are only valid within Colorado fails to account for their potential use in transporting vehicles across state lines under certain conditions. Lastly, the notion that there are unlimited transfers between dealers misrepresents the regulations that typically govern the use of in-transit plates, including limits that may be put in place regarding how often and under what conditions these plates can be transferred or used.