PeteV
05-08-2003, 04:24 PM
Greetings, I'm a boating novice just sharing info for those thinking about a used boat. just a couple thoughts of what I went through. I am a very hardcore fisherman but I know very little about boats. After thinking about buying one for a long time I finally decided to do it.
First decision point was NEW vs. USED.
I decided on USED since I figured I'd be making a lot of mistakes & I'd end up banging it around & beating on it (through inexperience). Stuff like forgetting to raise the prop while trailering, screwing up loading and unloading, and just other things that would kill me if I had a new boat. I considered this a training boat & something that would help me figure out what I really wanted if I ever decided on a “Real” boat.
Second decision point was type of boat. I was looking for functional, fishable, safe, easy to clean, easy to handle, easy of trailer… and simply… just what was available & cheap. I ended up with an old center console.
Third Buying the boat.
After we agreed to the price of the boat, We needed to generate a Bill of Sale (necessary for registering the boat). The one we did was itemized and we broke it into 3 pieces. First piece was for trailer alone, second was for boat alone, third was for accessories (everything else). If the seller wanted to sell the boat for $3K. the itemized bill would show Page 1, Trailer $1K. Page 2, Boat $1K and Page 3, Accessories $1K.
This worked out good when I registered the trailer I showed just the trailer portion of the Bill of Sale and paid taxes on just the Trailer. When I registered the Boat, I showed only the bill of sale for the Boat and paid Taxes on the Boat alone without the accessories. So instead of paying taxes on a $3000 boat you pay only for whats shown on that portion of the Bill of sale (you can weight the itemization any way you want… cheap boat & expensive accessories).
Fourth, buying & registering…this is a chicken & egg story.
It takes some partnering between Buyer & Seller.
Obviously you have to bring it home …so you need a license plate for the trailer. To get the license plate you have to have the title for it & you have to insure it… so you basically have to buy the trailer. You need to get the sellers title & registration . Leave the boat with the seller. Register it & then go back with license plate in hand & so you can bring it home.
Registering the boat is different than registering the Trailer.. you have to
Show you paid taxes on the boat & you have to show the Bill of Sale. Again this is were the itemized Bill is nice.
Fifth, I brought the boat home & just started cleaning & fixing it up. I also signed up for a Coastguard “Safe Boating Class”(this helps with insurance). Now that I’ve got the boat almost cleaned up I’m going to bring the boat to a Marina to get the engine tuned up, fluids checked & the thing lubed up. I’m also trying to learn more about the trailer. I want to figure out how to make sure the bearings and hubs are working over time. I figured they’re going to get gunked up after being immersed in Saltwater So I wanted to learn the procedure.
That’s it & I'm sure there are many holes in what I wrote but I just wanted to share some notes if anyone else is going this path.
First decision point was NEW vs. USED.
I decided on USED since I figured I'd be making a lot of mistakes & I'd end up banging it around & beating on it (through inexperience). Stuff like forgetting to raise the prop while trailering, screwing up loading and unloading, and just other things that would kill me if I had a new boat. I considered this a training boat & something that would help me figure out what I really wanted if I ever decided on a “Real” boat.
Second decision point was type of boat. I was looking for functional, fishable, safe, easy to clean, easy to handle, easy of trailer… and simply… just what was available & cheap. I ended up with an old center console.
Third Buying the boat.
After we agreed to the price of the boat, We needed to generate a Bill of Sale (necessary for registering the boat). The one we did was itemized and we broke it into 3 pieces. First piece was for trailer alone, second was for boat alone, third was for accessories (everything else). If the seller wanted to sell the boat for $3K. the itemized bill would show Page 1, Trailer $1K. Page 2, Boat $1K and Page 3, Accessories $1K.
This worked out good when I registered the trailer I showed just the trailer portion of the Bill of Sale and paid taxes on just the Trailer. When I registered the Boat, I showed only the bill of sale for the Boat and paid Taxes on the Boat alone without the accessories. So instead of paying taxes on a $3000 boat you pay only for whats shown on that portion of the Bill of sale (you can weight the itemization any way you want… cheap boat & expensive accessories).
Fourth, buying & registering…this is a chicken & egg story.
It takes some partnering between Buyer & Seller.
Obviously you have to bring it home …so you need a license plate for the trailer. To get the license plate you have to have the title for it & you have to insure it… so you basically have to buy the trailer. You need to get the sellers title & registration . Leave the boat with the seller. Register it & then go back with license plate in hand & so you can bring it home.
Registering the boat is different than registering the Trailer.. you have to
Show you paid taxes on the boat & you have to show the Bill of Sale. Again this is were the itemized Bill is nice.
Fifth, I brought the boat home & just started cleaning & fixing it up. I also signed up for a Coastguard “Safe Boating Class”(this helps with insurance). Now that I’ve got the boat almost cleaned up I’m going to bring the boat to a Marina to get the engine tuned up, fluids checked & the thing lubed up. I’m also trying to learn more about the trailer. I want to figure out how to make sure the bearings and hubs are working over time. I figured they’re going to get gunked up after being immersed in Saltwater So I wanted to learn the procedure.
That’s it & I'm sure there are many holes in what I wrote but I just wanted to share some notes if anyone else is going this path.