whats the con of buying a boat with out title

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i was planing on buying a 20' day sailer but the thing is it doesn't come with a title. Just a bill of sale. i don't plan on putting a motor on it or registering it so do i really need a title.
 

eavega

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Re: whats the con of buying a boat with out title

Really depends on your state's requirements for registering a vessel. In GA you don't need to register a vessel if its going to stay on a private body of water, or sailboats or non-powered boats under 12' in length. In your case, if it were going to be floated on anything other than a private body of water it would require registration.
Also, you need to consider the requirements for transferring ownership of that vessel to someone else (remember, the two happiest days of a boat owner's life; the day he buys a boat, and the day he sells it!). If you ever intend to sell the boat to someone else, you would need to prove ownership. Its probably better to do it on the front end than the back end.

Rgds
 

1980Coronado

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Re: whats the con of buying a boat with out title

i was planing on buying a 20' day sailer but the thing is it doesn't come with a title. Just a bill of sale. i don't plan on putting a motor on it or registering it so do i really need a title.

It only took me 30 seconds to find the answer to this on my own....I live in Indiana....here are the boating registration and title requirements for your state.
http://www.boat-ed.com/ri/course/p4-1_boatnumbers.htm

Requirements for vessel registration vary from state to state. In Rhode Island, you must have a Certificate of Number (registration card) and validation decals to operate your vessel legally on Rhode Island?s public waters. The only exceptions are:

* A vessel properly registered in another state using Rhode Island waters for 90 days or less or vessels from another country temporarily using Rhode Island waters
* Ship?s lifeboats or vessels used only for racing
* A rowboat less than 12 feet long, or a canoe or kayak
Other Facts About Titling and Registering Your Vessel

* All vessels must be titled, except ship?s lifeboats, non-motorized inflatable vessels, surfboards, rowboats, documented vessels, and vessels less than 14 feet long.
* A vessel?s registration is valid for two years and expires on the last day of February.
* Outboard engines also must be registered. However, for outboard engines, it is a one-time registration?the registration does not expire.
* If ownership of a vessel changes, a new registration application must be filed. The registration number assigned to the vessel will remain the same.
* If you change your address or transfer your interest in the vessel, or if the vessel is abandoned, destroyed, or stolen, you must notify the Rhode Island Department of Environmental Management within 15 days.
* If you lose or destroy your Certificate of Number or title, you must complete a ?duplicate? form and submit a processing fee within 30 days.
* Larger recreational vessels owned by U.S. citizens may (at the option of the owner) be documented by the U.S. Coast Guard (USCG). Call the USCG at 1-800-799-8362 for more information. Documented vessels used primarily in Rhode Island must be registered with the state also. The documentation number will be used as the registration number. The vessel must display the validation decals issued by the state on each side of the vessel where most visible. (Read more about obtaining the U. S. Coast Guard's Certificate of Documentation.)

Registration Questions?
Call the Department of Environmental Management?s Office of Licensing and Registration at 401-222-6647. You also may visit the DEM website and download the registration forms.
 

JimS123

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Re: whats the con of buying a boat with out title

A boat with no title is a parts boat.

An unregistered boat cannot be used in public waters, so you better own a pond of your own on private property. Otherwise, if you sail the boat you'll probably get a ticket.
 
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