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Started By
Message
re: Buying a used boat, sales tax question
Posted on 9/7/16 at 10:29 am to Barf
Posted on 9/7/16 at 10:29 am to Barf
quote:
In LA, boats don't require a title. You can pass ownership by a bill of sale
Wrong. I stopped reading here. This could not be more wrong.
He's correct, unless a boat is financed you dont need a title on a boat in Louisiana.
0
Posted on 9/7/16 at 10:32 am to Barf
quote:
Your suggestion was a shitty one. You need more than a bill of sale.
Again, I don't know what's up with you today but you are a little off on this one.
quote:
I've bought and sold lots of boats, I know what I am talking about.
There are many ways to evidence the transfer of ownership in Louisiana.
Posted on 9/7/16 at 10:34 am to Barf
quote:
Barf
quote:
I know what I am talking about.
no you dont, you are absolutely wrong, I do this for a living and I know for a fact that boats in La dont need titles unless it is financed by a bank......
Also, if your boat is documented with the USCG all you need is a CG-1340 Bill of Sale signed and notarized by the seller and filed with the Coast Guard....
If its just registered with the DWF, you just need the registration cert and a bill of sale to transfer the ownership.
Posted on 9/7/16 at 10:37 am to cwarr14
quote:
Can someone just explain the steps to take in order to sell a used boat? Buyer and Seller both live in Louisiana.
If the boat and trailer have a title, take it to a local notary and they can guide both parties through the simple documentation.
If it doesn't have a title, Shoot me an email at tdstewie@gmail.com
Posted on 9/7/16 at 10:38 am to tgrbaitn08
quote:
Also, if your boat is documented with the USCG all you need is a CG-1340 Bill of Sale signed and notarized by the seller and filed with the Coast Guard....
If its just registered with the DWF, you just need the registration cert and a bill of sale to transfer the ownership.
Yup
Barf, I'm not saying you are necessarily wrong on how you suggested selling a boat but there are other ways to do it.
This post was edited on 9/7/16 at 10:40 am
Posted on 9/7/16 at 10:45 am to tgrbaitn08
quote:
no you dont, you are absolutely wrong, I do this for a living and I know for a fact that boats in La dont need titles unless it is financed by a bank......
You privately sell boats for a living? You need more than a bill of sale. You must provide proof of ownership and a title is sufficient for this. If you are a dealer, this does not apply to you because as a dealer your bill of sale is sufficient evidence of ownership.
Without proof of ownership anyone can come along and write up a bill of sale for my glades skiff, have it notarized, and go get it registered with WLF.
Posted on 9/7/16 at 10:48 am to stewie
Stewie I might hit you up soon. My dad bought a 21' Century a few years ago, registered in Florida but needs to be moved to his name in La.
He hasnt done shite with it since he was working overseas when he bought it. It has been sitting for a few years since he did not realize that apparently when the boat crosses state lines you have to apply for a complete new registration vs doing a name transfer?
He put in for the transfer originally and it kept getting kicked back with no explanation so he gave up and went back to the sandbox for 8 years
He hasnt done shite with it since he was working overseas when he bought it. It has been sitting for a few years since he did not realize that apparently when the boat crosses state lines you have to apply for a complete new registration vs doing a name transfer?
He put in for the transfer originally and it kept getting kicked back with no explanation so he gave up and went back to the sandbox for 8 years
Posted on 9/7/16 at 10:50 am to cwarr14
quote:
Can someone just explain the steps to take in order to sell a used boat? Buyer and Seller both live in Louisiana.
Fill out 2 of these bill of sales and have them both notarized.
Take the title and registration for the trailer and fill out the back of the title...take to notary and have notarized.
Have him hand over the State of La Boat Registration Cert and report change in ownershipt to the DWF within 15 days of the sale
Posted on 9/7/16 at 10:52 am to Barf
quote:
Without proof of ownership anyone can come along and write up a bill of sale for my glades skiff, have it notarized, and go get it registered with WLF.
Until the HIN or registration pops as stolen through LDWF. As I said, you're confused on this. A title makes the whole process much easier, but there are several other forms of documentation that the state will accept as proof of ownership. You're suggesting one way, and it's a correct way, but there are others.
Posted on 9/7/16 at 10:53 am to Polar Pop
quote:
Stewie I might hit you up soon. My dad bought a 21' Century a few years ago, registered in Florida but needs to be moved to his name in La.
I'll keep an eye out for it.
Posted on 9/7/16 at 10:54 am to Barf
quote:
You must provide proof of ownership and a title is sufficient for this.
you're correct a title is sufficient but it's not necessary.
Your registration cert from the State of La is your proof of ownership
Posted on 9/7/16 at 10:54 am to TheDrunkenTigah
quote:
Until the HIN or registration pops as stolen through LDWF. As I said, you're confused on this. A title makes the whole process much easier, but there are several other forms of documentation that the state will accept as proof of ownership. You're suggesting one way, and it's a correct way, but there are others.
Good summation of just about the entire thread.
Posted on 9/7/16 at 10:57 am to tgrbaitn08
quote:
you're correct a title is sufficient but it's not necessary.
Your registration cert from the State of La is your proof of ownership
You sir, are exactly right.
I'm arguing that Stewart is wrong with his bill of sale nonsense. This is only true with a bill of sale from a dealer. Because a dealer has already verified ownership from whomever they bought the boat.
quote:
In LA, boats don't require a title. You can pass ownership by a bill of sale.
Bologna
This post was edited on 9/7/16 at 10:59 am
Posted on 9/7/16 at 11:02 am to Barf
quote:
I'm arguing that Stewart is wrong with his bill of sale nonsense. This is only true with a bill of sale from a dealer. Because a dealer has already verified ownership from whomever they bought the boat.
Many ways to transfer ownership in LA.
Notarized Bill of Sale will work. For LDWF registration, bill of sale with prior owner's registration documents will suffice. You will also need a letter from parish and state tax collector stating you paid tax (or you didn't owe any tax) and an affidavit that there weren't any liens on the boat (if out of state boat).
I'd suggest getting it all notarized - it will save headache later.
This isn't getting anywhere - I'm out.
This post was edited on 9/7/16 at 11:09 am
Posted on 9/7/16 at 11:03 am to Barf
quote:
You can pass ownership by a bill of sale.
Bologna
You absolutely can pass ownership by just a signed and notarized bill of sale..ive done it hundreds of times
You can also do it with floating camps and barges, non motorized vessels.
Posted on 9/7/16 at 11:16 am to stewie
quote:
Notarized Bill of Sale will work.
No. You can not walk into WLF with a bill of sale and get your boat registered. Unless the bill of sale is from a dealer. You prove this is insufficient by following up your own statement with this...
quote:
For LDWF registration, bill of sale with prior owner's registration documents will suffice
Posted on 9/7/16 at 11:23 am to Barf
quote:
You can not walk into WLF with a bill of sale and get your boat registered.
You are right, LDWF won't register it with just a bill of sale.
But ownership will transfer to you with the bill of sale (especially if you possess the boat - and it isn't reported stolen).
I think you are getting registration and ownership mixed up - they are two separate things. Both very important but not the same.
Posted on 9/7/16 at 11:23 am to tgrbaitn08
quote:
You absolutely can pass ownership by just a signed and notarized bill of sale..ive done it hundreds of times
Sure, you can write up a bill of sale for a pencil if you wanted to but you're going to need more than a bill of sale to get that pencil registered.
Posted on 9/7/16 at 11:26 am to Barf
quote:
you can write up a bill of sale for a pencil if you wanted to but you're going to need more than a bill of sale to get that pencil registered.
that is correct....only if you want to get it registered which if Im not mistaken any motorized vessel in La must be registered with with USCG or LDWF
Posted on 9/7/16 at 11:27 am to Barf
quote:
Sure, you can write up a bill of sale for a pencil if you wanted to but you're going to need more than a bill of sale to get that pencil registered.
Possession is evidence of ownership of a pencil - no bill of sale needed.
Geeezzzzzz
j/k - loves you
This post was edited on 9/7/16 at 11:28 am
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