Boat Bill Of Sale

Why Do I Need A Boat Bill Of Sale Form?

The majority boats are purchased through private sales. Potential buyers of any watercraft are recommended to protect themselves with a boat bill of sale form. This is a fast and easy way to bestow peace of mind about your purchase.

The first thing a prospective boat buyer should do is to investigate the current market price for boats of a similar size and power. The NADA online guide is a simple way to do this. Other things to ask include whether there is any money owed on the boat or does it have any outstanding fines? Has it ever been involved in an accident? What is the condition of the motor and has the boat been regularly maintained? And lastly does the boat have a current registration?

Buying a boat from a private seller often has some advantages. Many times you will pick up some extra items that you would have had to pay extra for with a brand new boat. Things like a boat cover, marine radio, life jackets and even a trailer may all be bundled together and could save you a lot of money.

Once you have agreed to buy the boat you shouldrecord the following pieces of information on your boat bill of sale form. Be sure to include the names of both the buyer and the seller, the make and model of the boat, the price at which the boat was sold, the hull identification number, the date of the transaction and lastly the signatures of both parties.

Completing a boat bill of sale form will ensure that you have a written record of purchase as well as proof of ownership. It’s an easy way to protect yourself and is recommended to all aspiring boat buyers.