Done deal ... well almost... Title question

[Steve S]

OK. The deal is done and accepted. Financing finished. Insurance binder issued. Slip reserved at Northpoint Marina in Winthrop Harbor. Now I am waiting "on pins and needles" for the delivery later this week... oh and I have to pay the state of IL their sales taxes still....

I guess that makes me the proud owner of a 2000 340 Sundancer... :smt038

So the question of the day is... Do I register the boat with the state of IL or get it documented with the USCG? Plus or minuses? Opinions?

 

[Dsybok]

In California you do not have to register your boat with the DMV if you have USCG documented boats. So for us, its a pretty nice deal, we skip having to put ugly letters/numbers on the bow that weather differently than the boat. There is also no dealing with the lazy DMV employees.

USCG documentation is painless, and the annual renewal is also free after you pay for the original documentation.

If your state requires dual registration and it saves you no time/money/energy, it might not make sense to take the extra step to CG register. Also CG registration doesn't get you chicks or provide a pass on a shipboard safety inspection.

 

[dcharna]

I would not document if you don't have to. It makes it a lot easier to sell down the road. Dan

 

[Henry Boyd]

I would not document if you don't have to. It makes it a lot easier to sell down the road. Dan

Huh? You write a bill of sale, and then the new owner sends the CG a change of ownership form. How is that harder than re-registering and re-titling?

Henry


Sent from my iPad using Tapatalk HD

 

[trit21]

I would not document if you don't have to. It makes it a lot easier to sell down the road. Dan

Actually it makes it easier to sell down the road as part the USCG documentation is to verify a clear title so 6 months after you purchase a boat someone doesn't come up with a lien against the boat and ask you for money which would be their right to do so.

 

[Steve S]

Illinois is going to make you register it regardless. If you document it, you need only display a registration sticker, but no numbers. (At least that is how it works in Indiana, and I am pretty sure IL is the same)

I believe you are correct Scott. So if I document I will still pay to the State of IL for Registration...

 

[pchanson8]

Illinois is going to make you register it regardless. If you document it, you need only display a registration sticker, but no numbers. (At least that is how it works in Indiana, and I am pretty sure IL is the same)

This is how it is in WI too.

 

[GrandMaster]

Actually it makes it easier to sell down the road as part the USCG documentation is to verify a clear title so 6 months after you purchase a boat someone doesn't come up with a lien against the boat and ask you for money which would be their right to do so.

Agreed

 

[Woody]

Actually it makes it easier to sell down the road as part the USCG documentation is to verify a clear title so 6 months after you purchase a boat someone doesn't come up with a lien against the boat and ask you for money which would be their right to do so.

Is that the right way to phrase it? My understanding is they are not verifying a clear title...amongst other things the Abstract of Title reports on notices of claim of lien filed and recorded by the Coast Guard.

 

[skolbe]

Mine is documented in Illinois so I only have to display the state sticker on the transom that takes months to get in the mail. No numbers on the bow if documented. I transferred the boat into Illinois after being in another state for 5 years. It was pretty painless - my other registration had not expired yet and it was a neighboring state. So not much harassment.

 

[ZZ13]

Here is another conversation we had on the same topic back at the beginning of the year:

http://clubsearay.com/showthread.php/57063-Clarifiction-Coast-Guard-Documentation