Reggie Smithers wrote:

Butch,
I know if the boat is CG registered that the lien will be included on the
registration, do most states include the lien holder on the boat title the
way they do on car titles?

I am not Butch :-)

But we purchased a used boat this fall, Georgia does not have titles.
You can scribble out a bill of sale on a piece of paper and the deal is
done. We discussed the issue of "What if a load exist" on the boat and
the Marina was willing to back up (in writing) that no leans existed as
they had been the original seller of the boat (new) to the current
owner. Who they new and had kept it in a the drystorage there after it
was purchased. Our bill of sale states that no loans exist on the boat.

The deal was done with a Marina doing the selling and representing the
seller. But we were concerned about this. I would consult someone in the
used boat business in your area on the best way to do a search for a
load on a used boat.

Now this spring I will be selling my old boat and all I have to show
that it was fully paid for is a letter from the bank we had the original
loan.

Capt Jack R..

"Butch Davis" wrote in message
ink.net...

Reggie,

When buying a used boat it is critically important to absolutly know that
the boat is legally owned by the seller and that it is free of any liens.
Some states continue to fail to require boat titles. Alabama is one of
those states.

As you said, the other major risk is hidden defects. New engines and/or
major hull repair would drive the cost well above that of a new boat with
a warranty.

Butch
"Reggie Smithers" wrote in message
m...

In a separate thread, there has been a discussion about buying a used
boats. I have purchased both new and used boats, and if I was going to
buy another boat I probably would buy a used boat.

I thought it might be interested if everyone added their thoughts of
buying a used boat vs. a new boat. To get the thread started I have
listed a few ideas. Please add yours.

Advantage of a used boat a

1. The new boats problems (and they all have a few gremlins) have
probably been solved.

2. The boat will probably include many options or accessories that will
be thrown in for free.

3. The other person is taking the big hit for depreciation that incurs
as soon as the boat is taken off the dealers lot. Even if the boat is
only 2 years old, you can probably save at least 20% off the cost of the
same boat new.

Any other benefits of a used boat?



The disadvantage of a used boat:

1. There might be hidden problems, that even a survey and mechanic will
not find.

2. You will not have the "new boat smell".

3. If you are going to finance the boat, you interest rates and down
payment might be higher than new.

4. You need to be prepared to spend more time finding a good used boat
at a reasonable price. It is easier to visit a boat show and check out
many new boats in one location.


Any other disadvantages of the used boat?