I am going to be selling a boat to the guy in Tennessee which does not require a boat title. I have a clean title for the boat in hand. Do I still sign that title over to him or just give him a bill of sale with o all of the particulars on it.
I am going to be selling a boat to the guy in Tennessee which does not require a boat title. I have a clean title for the boat in hand. Do I still sign that title over to him or just give him a bill of sale with o all of the particulars on it.
I have concern let the boat will stay in my name without a title transfer.
Sign the title over to him. He will take it to his dmv and they will give him
a registration which is how they do their ownership. It acts as their title
Ranger R81VS, Mercury 175EFI w/ 25 Tempest
(606)305-1956
thanks all
Look on your respected states website, they might have a form for you to fill out, stating you sold the boat.
Just went through this as buyer. I live in TN and purchased boat in Virginia. I just took the bill of sale and registration card to the clerk and got it transfered into my name. We are waiting for the official title to be released from sellers lending company. Once the boat ownership is changed, that piece of paper (title) is meaningless, or so I've been told. I'm just going to hold onto it incase its ever needed when I sell the boat.
2013 Legend 211R
2017 Ford F-150 Ecoboost
Last edited by csurp; 09-14-2019 at 08:51 PM.
Each state has a website that probably has FAQs that covers what you need in regards to complere sale.
Do a bill of sale and you can file a form with your state saying you sold it. Coming from a guy who just bought a boat from Tennessee, give him all titles and tell him to keep them for the next buyer.
2013 Legend 211R
2017 Ford F-150 Ecoboost
2013 Legend 211R
2017 Ford F-150 Ecoboost
I think it’s crazy that there isn’t “One Standard” for all 50 states....
I bought a boat from Oklahoma once, and they lisc. The boat, but not the trailer, so, the lady told me to make up a 9 digit number for the trailer, and that would be it’s VIN in Arkansas.... So, someone out there has a boat trailer whose VIN is 123456789!
Goofy!
I bought my boat brand new here, no titles. I have the MSO’s. I’ve moved back and forth from KY a couple of times. I needed my registration cards, if you have a title he can get one here if you’ve done all the paperwork correctly, and of course a bill of sale. I can’t remember which state it was, maybe both? They wanted the values of the boat, motor, and trailer separated. Have your buyer check with their county clerk. Of course once you sell it notify your county clerk. If you show you own it Jan 1st in KY you’ll get a big ole personal property tax bill. It’s on you to prove it was sold prior to the first once they cut those bills.
TN really keys on the registration card. Once the TN numbers are issued that’s the numbers as long as the boat is in TN. At least I’ve not seen those numbers change with new owners.
Got to give a big shout out to ACS Marine at Buchanon, TN. Jessica was a great help in getting my paper work straight transferring a FL registered boat to a TN buyer. They are great folks with a customer service first attitude. BTW there are a couple of really nice Phoenix bass boats sitting in the show room.
Tennessee doesn’t license boat trailers unless you want to. Some states get bitchy about pulling through them with no tag.
When you sign and notarize the title that is considered a bill of sale.
Not sure about TN, but here you want to make sure they separate the trailer, motor and boat on the bill of sale. For example - Total price $30,000, boat is $15,000, motor is $10,000 and trailer $5,000. Here we pay sales tax on the trailer only when broke out this way. If not, we would pay sales tax on the whole amount.