Coastguard Certified??? HELP
03-01-2006 | 10:26 AM
#1
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From: Shelby, Ohio
Coastguard Certified??? HELP
Does anyone know the advantages/disadvantages of buying a boat that is coast gaurd registered? Ohio title department is telling me that you have to pay taxes on them, but other states you don't. I am told that there is no title (per say) to change over. That makes me a little nervous. If anyone knows anything about this please let me know. I was ready to buy the boat, but now it starting to sound to complicated.
HELP!!!!!!!
HELP!!!!!!!
03-01-2006 | 10:38 AM
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From: SoCal
Re: Coastguard Certified??? HELP
When it is registered with the Coast Guard, they will legally know who owns the boat. When I just sold my PP, the release of lein was sent to the CG from my bank. Here in California, you can get a bill for unsecured property tax for a boat (but not an RV 
), if your boat is CG documented, California doesn't make you pay the tax. Different states have different laws
), if your boat is CG documented, California doesn't make you pay the tax. Different states have different laws
03-01-2006 | 10:47 AM
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From: Shelby, Ohio
Re: Coastguard Certified??? HELP
Semper Fi,
Thank you for the info. Do banks frown on this when lending money? I am told that here in Ohio you have to pay sales tax anyway, so am I better off with a title. Is it hard to get a boat like this titled? I was told that I would have to get a letter of deletion from the Coastguard?????
Thank you for the info. Do banks frown on this when lending money? I am told that here in Ohio you have to pay sales tax anyway, so am I better off with a title. Is it hard to get a boat like this titled? I was told that I would have to get a letter of deletion from the Coastguard?????
03-01-2006 | 12:24 PM
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From: Los Angeles California
Re: Coastguard Certified??? HELP
My understanding is a CG or "Documented" vessel has a documented title like a home. You have to go through a marine titling service. They trace back the title from owner to owner to manufacturer. That way the boat cannot be "sold" without the proper documentation. Also my understanding is a documented vessel must be at least 40 feet in length. If the rules have changed maybe someone can tell more.
03-01-2006 | 12:48 PM
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From: Springfield, LA
03-01-2006 | 12:48 PM
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From: Batavia Oh.
Re: Coastguard Certified??? HELP
You will have to pay the tax to get the ohio state sticker. Just take the bill Of sale to the BMV & they will issue a title...No biggie..Except paying the Friggin Tax !!
03-01-2006 | 01:08 PM
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From: SoCal
Re: Coastguard Certified??? HELP
Originally Posted by Reed Jensen
My understanding is a CG or "Documented" vessel has a documented title like a home. You have to go through a marine titling service. They trace back the title from owner to owner to manufacturer. That way the boat cannot be "sold" without the proper documentation. Also my understanding is a documented vessel must be at least 40 feet in length. If the rules have changed maybe someone can tell more.
