Transfer of Boat Ownership. HELP!

[Steve G]

OK, I've made the head first dive in for owning a boat...offer made and accepted...

What kind of paper work do I get? Private sale.

Just paper on trailer? Or should there also be a licence for the boat to transfer.

I have been calling the local Licence Bureau all day, no answer.

HELP!

[Markus]

Not sure steve, but when are we gonna see details on this big purchase!? Congrats!

[BassAngler68]

Any boat with a motor over 9.9 hp should have a vessel registration. It has a spot on the back for transfer similar to a motor vehicle ownership. You need to take that and your bill of sale to Canada Customs. There is no charge for the transfer.

Trailer is done at the licence bureau. You will need ownership and bill of sale.

I would recommend separate bills or itemizing the values (boat, motor, trailer).

Hope this helps.

[M.T. Livewell]

You should get 1 a receipt.

Have the receipt broken into X dollars for the boat, Y dollars for the trailer.

You should get 2 an ownership/ registration for the boat, it should have the current numbers which are on the boat now. Those number made need to change if you are moving through the province.
Receipt + ownership to Canada Customs and Revenue to pay any taxes.

You should get 3 trailer registration.

Receipt + trailer registration (like you would have for a car), to Ministry of Transportation.

Don't pay the ferryman till he gets you those 3 documents, or you'll end up doing a Ransome and chasing your tail to get the docs straightened out.

Now, give us more info on the pending purchase.

M.T. Livewell

[Steve G]

OK, ok... Here's my new girl...



2001 Sylvan 1500 Explorer SC, 25Hp Johnson.

I hope this is not a Jinx.

Deposit paid, hoping to get the keys this week, when I get the rest of this stuff you guys have mentioned.

BTS, thanks for your offer to use your boat at Westmeath, I know hope it is not necessary.

[U.L.]

Very Sweet Ride Steve, have many hours of happy fishing in er!!!!!

Congrats
UL

[RJ]

Way to go Steve G!....hope it all works out for ya!

[Mr.J.]

My experience so far.

--Get ownership for trailer signed over to you

--Get ownership for boat signed over to you

--Get a bill of sale

Without all 3 of these you will run into head aches, or heart aches really.

I went to the licence office first and was taxed at time of getting my plates for the trailer based upon the value on the bill of sale.

I have not registered the boat yet so I cannot provide comments on that, but getting the plates was quite painless.

[saskie]

Awesome ride man!

[Flipper]

I wonder if a lien check is necessary?
A bank could reposses it if there's anything owing on it.

[M.T. Livewell]

Flipper, great point about a lien.

SteveG, I am going to assume this is being purchased through a personal loan, hence the bank has already done a lien search. If not, get 'er done.

And man o man, NICE BOAT!!!

Congrats

M.T. Livewell

[Jigs]

Beauty boat:

As M.T. says lien search is important.

If your'e financing through bank, they can do it.

If your'e paying cash, do a courthouse search.

Not sure if liens show up when you change ownership as in car.

The seller should be forthcoming and tell you, but you can't depend on that. If there is a lien, get a release from the particular bank which was financing for seller.......or don't buy it. You buy from a dealer, your'e in the clear, as in used car buying.

Good luck and good fishing.

Jigs.

[gorfman007]

nice rig Steve. I just had my offer accepted on a used boat also. The guy ( a friend) is having difficulty in finding the papers for the boat But It should get all ironed out soon. I hope that you have a great season.

[Steve G]

Thanks everyone for the comments, and pointers.

I have informed him(the owner) that he can get a copy of his Boat Ownership, from Canada Customs to do the transfer, what their hours are and where in Hamilton they are....

To separate the costs of the boat/motor from the trailer and to have his licence for the trailer.

Now to do a lein search....how do you do a court house search?

All this may delay the transfer, but better safe than sorry.

Thanks again.

[dana]

you may seperate all you want
but in the end you will pay at least gst
on the package...either now or later..
get the info it will be painless
except for the tax
dana