If this is your first visit, please click the Sign Up now button to begin the process of creating your account so you can begin posting on our forums! The Sign Up process will only take up about a minute of two of your time.

Follow us on Facebook Follow us on Twitter
Page 2 of 2 FirstFirst 12
Results 11 to 14 of 14
  1. #11
    JB Marshall Gold Member J.B. Marshall's Avatar
    My Boats:
    Formula, 382 Fastech - SOLD
    Join Date
    Mar 2006
    Hudson Valley, NY

    Re: coast guard documenting and boat loans?

    What is the main advantage to Document a boat? I was told by NY DMV that you still have to pay sales tax in order to register the boat.

  2. #12
    My Boats:
    Fountain 34CC, Boston Whaler 15 Sport
    Join Date
    Jul 2004
    Palm Harbor, FL

    Re: coast guard documenting and boat loans?

    The reason why a finance company would not allow you to do it yourself is because banks require the documentation agents to carry an Errors and Emmissions (E&O) Policy. This is a relatively expensive insurance that protects the banks mortgage in the event that it is not filed properly or if a lien shows up that was not reflected on the abstract of title. Banks then require the agents to provide proof of their E&O and put them on their "approved" list of Doc agents.

  3. #13
    Registered NJgr8ful's Avatar
    My Boats:
    330SS Formula 496's
    Join Date
    Nov 2003
    Lanoka Harbor, NJ

    Re: coast guard documenting and boat loans?

    Call Sarah. She is very helpful, process is very simple (give her a name and port of call and go! LOL), and price is reasonable (think @$350) a year ago, anyway. I used her service and not a single problem or complication, took about 6 mos. as she said, and you guys have heard, to finally get the papers. Bill (buyafountain) reccomended her to me.

    And everything that I've heard says, the tax WILL cometh, as well I just said F'it and paid my sales tax ... didn't want Stateys pulling me over every weekend and possibly impounding my rig ... My NJ State reg sticker is now proudly displayed on my hull for all to see

    Sarah's #321-409-5387
    Last edited by NJgr8ful; 04-11-2006 at 10:00 AM.

  4. #14
    Platinum Member Platinum Member mjpcowboy's Avatar
    My Boats:
    2017 Nor-Tech 34 Sport
    Join Date
    Apr 2002

    Re: coast guard documenting and boat loans?

    Not all states allow documentation in lieu of tax. Missouri is one state that does have this provision however you pay personal property tax on your boat. Some banks require that you document the boat if they carry the loan, which has nothing to do with paying state sales tax.

Page 2 of 2 FirstFirst 12

Similar Threads

  1. Coast Guard pursues boat stolen from Naples
    By cbeastwood in forum Ft Myers Offshore
    Replies: 2
    Last Post: 01-15-2008, 02:50 PM
  2. Reg. a coast guard docummented boat in N.Y. ?
    By 26sonic in forum General Boating Discussion
    Replies: 10
    Last Post: 05-15-2006, 09:39 PM
  3. US Coast Guard Re-Weighs the 'Average' Boat Passenger
    By CAP071 in forum General Boating Discussion
    Replies: 2
    Last Post: 04-24-2006, 07:05 AM
  4. 47 FT Coast Guard boat gets AIR
    By Strip Poker 388 in forum General Boating Discussion
    Replies: 5
    Last Post: 04-24-2003, 09:44 PM
  5. Thank you Coast Guard
    By Audiofn in forum General Boating Discussion
    Replies: 14
    Last Post: 06-10-2002, 11:42 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
All times are GMT -5. The time now is 07:44 PM.
Powered by vBulletin® Version 4.2.0
Copyright © 2016 vBulletin Solutions, Inc. All rights reserved.
Search Engine Optimization by vBSEO 3.6.1
Original Poster In Postbit provided by Original Poster In Postbit v1.0.0 (Free) - vBulletin Mods & Addons Copyright © 2016 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Copyright 2011 OffShoreOnly. All rights reserved.