Boat Bill Of Sale

New York Vehicle Bill of Sale. A bill of sale is required, along with a title transfer indicated on the original title, to legally sell a vehicle or a vessel privately in New York. The document sufficiently records the transaction between the seller and buyer, and helps to prevent fraudulent practices.

In New York, boats (watercraft) without a motor do not need to be registered. If you use a motor (electric or fuel-driven), regardless of the size of your boat or the motor, you must register your boat. Boat registrations are issued for 3 years.

The owner can use the transferable registration and a bill of sale. make sure the registration document is marked "transferable" on the front. the seller whose name appears on the transferable registration must sign the back.

New York capped its sales taxes on yachts as part of its just-approved state budget. Starting June 1, buyers of yachts in the Empire State will pay tax on only the first $230,000 of the purchase price or in most counties, 8.25 percent or $18,975.

A New York bill of sale does not need to be notarized. The purpose of a bill of sale is to act as proof of ownership after the sale occurs. Because of this, it is important that both the buyer and the seller keep several copies of the completed document for their records.

Write a bill of sale. This document must include a vessel description, Hull number, purchase date, price, the names and addresses (including city state zip) of the parties, and the signatures of both the buyer and seller. If the boat is used, you'll likely need the boat's previous registration number. Boat title.

Can a bill of sale be handwritten? If your state does not provide a bill of sale form, yes, you can handwrite one yourself. As long as the document includes all of the necessary parts of a bill of sale and is signed by both parties and a notary, it is valid. Some states require a bill of sale while others don't.

A boat bill of sale should include: The name, address and contact information for the buyer; The name, address and contact information for the seller; A description of the boatbrand, model, year of manufacture, length, Hull Identification Number (HIN);