I would like to know the procedure of buying a boat in New Jersey. I
guess this has something to do with transferring the title of the boat
(and may be the trailer) and register the boat under my name.

Is the following the correct procedu
- Ask the owner of the boat dealer to sign a
bill of sales of the boat.
- Pay for the boat and get the title of the boat
(and may be also the title of the trailer?)
- Tow the boat away.
- Register the boat under my name in DMV in
New Jersey.

My other related questions a
- How to make sure no one has a lien on the boat?
Is the lien written on the title of the boat?
- Is this procedure also applicable when we buy a
boat through a boat dealer?
- How does buying a boat from out of state change
the procedure in any way? Like when I buy a boat
from CT or NY or PA.

Thanks!

Jay Chan

On Sun, 16 Oct 2005 19:29:21 -0700, jaykchan wrote:

I would like to know the procedure of buying a boat in New Jersey. I guess
this has something to do with transferring the title of the boat (and may
be the trailer) and register the boat under my name.

Is the following the correct procedu - Ask the owner of the boat
dealer to sign a
bill of sales of the boat.
- Pay for the boat and get the title of the boat
(and may be also the title of the trailer?)
- Tow the boat away.
- Register the boat under my name in DMV in
New Jersey.

My other related questions a
- How to make sure no one has a lien on the boat?
Is the lien written on the title of the boat?
- Is this procedure also applicable when we buy a
boat through a boat dealer?
- How does buying a boat from out of state change
the procedure in any way? Like when I buy a boat from CT or NY or PA.


Many of your questions will be answered he

http://www.state.nj.us/mvc/cit_title/v_title_liens.html

- How to make sure no one has a lien on the boat?
Is the lien written on the title of the boat?

Many of your questions will be answered he

http://www.state.nj.us/mvc/cit_title/v_title_liens.html

Thanks for the link to rules related to lien in New Jersey. I
appreciate that. But I am wondering if this is really how people deal
with the issue of lien.

The instruction asks us to mail the request of searching for lien on a
title with copies of various documents and wait for result. This seems
to involve quit a lengthy process. Does this mean that we will do one
of the following:

1. Put a small deposit to the seller to hold on with
the boat for two weeks; meanwhile, send a request to
DMV to search for lien on the boat. If the title is
clean, I can pay in full and get the boat.

2. Buy the boat without checking the lien, and research
on the title later.

Which way do people really use to check lien?
Will a boat seller be willing to wait two weeks for the title to be
cleared?

Thanks.

Jay Chan

On Mon, 17 Oct 2005 09:33:28 -0700, jaykchan wrote:


Which way do people really use to check lien? Will a boat seller be
willing to wait two weeks for the title to be cleared?

I sent that link because it's the official way. For what it's worth, I've
never come across a lien in NJ. In this state, they aren't very common.
I would suggest making a stop at DMV and ask them. Any further advice I
can give could be very wrong. ;-)

Which way do people really use to check lien? Will a boat seller be
willing to wait two weeks for the title to be cleared?

I sent that link because it's the official way. For what it's worth, I've
never come across a lien in NJ. In this state, they aren't very common.
I would suggest making a stop at DMV and ask them. Any further advice I
can give could be very wrong. ;-)

Seem like there is no easy answer. OK, I will stop by DMV to see if
they know anything about this.

Thanks.

Jay Chan

I ask my co-workers, and they all say that this is not an issue based
on their experience in buying used cars.

As long as the boat owner has a title document, other people should not
have a lien on the boat (otherwise, that third party will hold on with
the title). The key is to insist on buying a boat that has a title
document and never buy a boat that doesn't have a title document. If
the owner of the boat claims that he has losed the title, he should go
to the original state that issued the title to get a new title. If he
refuses to do this, I should not buy the boat (in case it is a stolen
property or something like that).

Of course, there seems to be a loop-hole in this procedure. Supposedly,
he can claim that he losed the title, and get a new one from the state.
And then use the boat to get a loan and give the new title to the
lender to secure the loan. Then, he sells the boat to me with the old
title that he claimed to have losed. And the lender will still own the
boat because the old title that I am holding is not valid. Seem like I
must write down the full amount of the sales price in the sales receipt
and on the title; then I can use this to "hopefully" claim the money
back just in case the title is no good. This also means that I need to
pay full sales tax on the boat; but this is OK -- because this is the
right way to do and we are not talking about a lot of money anyway.

Does this sound like a correct procedure to buy a boat?

Jay Chan

But in reality, no bank in their right mind would give
him a loan using the boat as collateral.

Good. This means I have one less thing to worry about. Thanks for the
info.

Jay Chan

I have purchased a boat in New Jersey. What I know from this
transaction a

- We need to get the title of a boat from the seller when we buy the
boat in NJ.

- On the other hand, we don't need to get a title for the trailer in
NJ. All we need is the vehicle registration card. In other words, the
vehicle registration card of the trailer serves as a title. This means
when we buy a trailer in NJ, we definitely need to get the vehicle
registration card of the trailer from the seller. Otherwise, this
would be like buying a boat without getting a title.

- In NJ, we must keep the vehicle registration card of the trailer in
the towing vehicle when we are towing the trailer. Because of the fact
that the the vehicle registration card of the trailer serves as the
title of the trailer, we don't want to lose it. But we must keep the
original copy of the vehicle registration card of the trailer in the
towing vehicle. This means we had better made a copy of the vehicle
registration card of the trailer and save it at home just in case we
lose it when the towing vehicle gets stolen.

- We must register the boat and get a new title in DMV, and also
register the trailer in DMV. We must do all these _before_ we towed
the boat away. Otherwise, we would be like driving a car without
registration; that would have broken some laws in NJ.

Hope this info helps someone.

Jay Chan

I would like to know the procedure of buying a boat in New Jersey. I
guess this has something to do with transferring the title of the boat
(and may be the trailer) and register the boat under my name.

Is the following the correct procedu
- Ask the owner of the boat dealer to sign a
bill of sales of the boat.
- Pay for the boat and get the title of the boat
(and may be also the title of the trailer?)
- Tow the boat away.
- Register the boat under my name in DMV in
New Jersey.

My other related questions a
- How to make sure no one has a lien on the boat?
Is the lien written on the title of the boat?
- Is this procedure also applicable when we buy a
boat through a boat dealer?
- How does buying a boat from out of state change
the procedure in any way? Like when I buy a boat
from CT or NY or PA.

Thanks!

Jay Chan