During my childhood summers, there was nothing I loved more than spending time our family boat. It may have been little used and in need of some serious TLC, but it gave us years of adventure and family ties.
Today, I realize that all the pleasure I enjoyed at that time had a downside: maintenance, expenses and paperwork, to name a few .
Even if a boat is a pleasure shopping, it requires a lot of work, and the work begins long before you own the boat if you buy used. If you're in the market for a used boat, ensure that the previous owners have kept the boat in good condition and the whole square to logistics. What you want to check before you sign on the dotted line:
- Registration: Sometimes the boats do not require registration if they are below a certain size, only used on private water or other criteria determines your state. But if the boat should have, but not a record, chat with the owner who will cover the cost of registering the boat in your name. If it is currently registered, check with your department boating and fishing state to learn how to transfer the recording. (It is generally free or for a small fee.) Also, be aware that there could be tax issues if the boat is not in the state in which it is registered.
- Inspection: First ask the current owner if the boat has never been involved in a collision, fire, sinking or other disaster. Inspect the condition of the boat yourself and also get expert advice from a qualified surveyor. If the boat is small and inexpensive, you could skip the investigation, but definitely take the boat for a test drive before committing to buy
- Title :. Make sure the title is the record. (. For added confidence, check that the title is listed with the National Vessel Documentation Center) Certain securities could list them on the boat privileges; if so, make sure your purchase contract requires the seller to pay them. Your state can advise you on what documents and signatures are required to transfer the title
- Hull Identification Number (HIN) :. HIN If the boat does not match the HIN on the registration and title, the boat could be. stolen, making the transfer or purchase risky
- tax privileges: To ensure that there are no tax liens against the boat, check with the office of Secretary of State located in state of residence both the seller and the state of registration ship. As an extra precaution against hidden privileges, contact the US Coast Guard.
- How much will it cost to make: A boat is not a small purchase, and you may want to protect your investment with insurance that covers damage and liability. (Even smaller boats to risks of liability.) Talk to your agent ERIE to see how it can cost to provide the boat you are considering. He or she can answer any questions you have related to you and your investment protected keep.
- Purchase Agreement. Protect yourself by putting contingencies such as obtaining financing and pass inspection in writing
- Bill of sale: It's finally official! Just make sure the vendor name appears on the sales invoice exactly as it does on the title and registration.
By following these steps, you open the way for a smooth sale and years of smooth sailing and good memories to come.
0 Komentar