|
Forums59
Topics1,059,308
Posts14,317,632
Members144,648
| |
Most Online39,925
Dec 30th, 2023
|
|
 Buying a boat - not transfering title yet (problem?)
#707912
08/01/06 03:30 PM
|
Joined: Aug 2006
Posts: 11
KSims1868
OP
Green Horn
|
|
OP
Green Horn
Joined: Aug 2006
Posts: 11 |
Here's the deal...I'm about to bring home an awesome 2000 Blue Wave 220 Classic from a friend of mine that just doesn't use it.
He's making me a heck of a deal on it (cheap) and I can pay him over the course of the next year or so...when I have the money. You know...a thousand here...thousand there...until I get the total paid off to him.
Will not having the boat titled/registered in my name cause any problems with the Police/Game Warden?
What do I need to have with me (documentation) ON the boat when I take it out to prove I'm legal?
|
|
|
Re: Buying a boat - not transfering title yet (problem?)
#707913
08/01/06 04:38 PM
|
Joined: Jan 2005
Posts: 22,121
Pat Goff
TFF Guru
|
|
TFF Guru
Joined: Jan 2005
Posts: 22,121 |
The registration needs to be current. Your buddy needs to give you the blue card for boat registration, so you have it with you.
I assume after you've paid it off he'll transfer the title.
Pat Goff Seadrift TX ![[Linked Image]](https://i.ibb.co/X48Kbbq/scooter-shallow.jpg)
|
|
|
Re: Buying a boat - not transfering title yet (problem?)
#707914
08/01/06 05:40 PM
|
Joined: Aug 2004
Posts: 3,600
Boatman1
TFF Team Angler
|
|
TFF Team Angler
Joined: Aug 2004
Posts: 3,600 |
and of course you need some type of bill of sale and NOTE payable..........or you are trusting your "buddy" to give you the title later.
|
|
|
Re: Buying a boat - not transfering title yet (problem?)
#707915
08/01/06 05:47 PM
|
Joined: Jan 2005
Posts: 3,175
cd
TFF Team Angler
|
|
TFF Team Angler
Joined: Jan 2005
Posts: 3,175 |
Yep, i think he can go ahead and give you the title and list himself on the title as the lien holder.
|
|
|
Re: Buying a boat - not transfering title yet (problem?)
#707916
08/01/06 06:14 PM
|
Joined: Aug 2003
Posts: 511
Fishin' Steeler
Pro Angler
|
|
Pro Angler
Joined: Aug 2003
Posts: 511 |
Something needs to be on paper... a bill of sale, a note payable, title transfer... SOMETHING to protect each other's interests in light of possible future events.
What if something tragic happens to your friend and his wife or son comes over to get "his" boat before the title is transferred?
Things like this can destroy friendships if deals such as these aren't spelled out beforehand.
Just MHO...
  I've never killed anyone, but I've read several obituaries with great enjoyment.
|
|
|
Re: Buying a boat - not transfering title yet (problem?)
#707917
08/01/06 06:30 PM
|
Joined: Aug 2006
Posts: 11
KSims1868
OP
Green Horn
|
|
OP
Green Horn
Joined: Aug 2006
Posts: 11 |
Yeah - I know we'll write up/sign a "Bill of Sale". I've done that before. I just wanted to make sure this was documentation enough to keep me from getting in legal trouble if boarded by Coast Guard or Game Wardens and if/when they check the registration.
|
|
|
Re: Buying a boat - not transfering title yet (problem?)
#707918
08/02/06 04:19 AM
|
Joined: Feb 2006
Posts: 48,345
OldFrog
TFF Guru
|
|
TFF Guru
Joined: Feb 2006
Posts: 48,345 |
Get it transferred. Do a note and have him listed as lienholder on the title. Otherwise, if U run over someone and hurt them, he'll be responsible. Not a good thing. That's a great boat, btw ! You'll love it ! Sure you still want it? I'd give a dollar or two for it, myself....chuckle... 
Now, Donald...please pick John Bolton for your running mate.
|
|
Moderated by banker-always fishing, chickenman, Derek 🐝, Duck_Hunter, Fish Killer, J-2, Jacob, Jons3825, JustWingem, Nocona Brian, Toon-Troller, Uncle Zeek, Weekender1
|
