Like Tree0Likes

coast guard documenting and boat loans?

Reply
Old 04-10-2006, 09:50 PM
  #1
Platinum Member
Platinum Member
Thread Starter
 
26sonic's Avatar
 
Join Date: Feb 2001
Location: poughkeepsie, ny, usa
My Boats: boats, cars
Posts: 1,187
Default coast guard documenting and boat loans?

Looking at a boat that is coast guard documented by it's current owner, on the back of the certificate it shows you can transfer it to the new owner(me) does anyone know the cost ? also
inquired into different marine loan establishments and a few say they require the boat to be coast guard docummented as part of the loan requirement. one loan company said they would charge me $450 to get it documented ? why would I pay them $450 when all I need to do is fill out the back of the certificate and send it in with a fee ? am I missing something ?
26sonic is offline  
Reply With Quote
Old 04-10-2006, 10:00 PM
  #2
Registered
 
carrboy's Avatar
 
Join Date: Jan 2006
Location: NY-lake ontario
My Boats: boatless
Posts: 797
Default Re: coast guard documenting and boat loans?

Just by my 31...clean NY title, great boat , no bs
carrboy is offline  
Reply With Quote
Old 04-10-2006, 10:03 PM
  #3
Registered
 
carrboy's Avatar
 
Join Date: Jan 2006
Location: NY-lake ontario
My Boats: boatless
Posts: 797
Default Re: coast guard documenting and boat loans?

Actually the 386 I just bought is uscg documented and I don't know where to start...I do know if you go through the boating discussion pages there are at least 2 different threads covering this but I haven't taken the time to do so.
carrboy is offline  
Reply With Quote
Old 04-10-2006, 10:09 PM
  #4
GLH
Platinum Member
Platinum Member
 
GLH's Avatar
 
Join Date: Dec 2002
Location: Burlington, VT
My Boats: Azimut
Posts: 15,267
Default Re: coast guard documenting and boat loans?

Check this form "Bill Of Sale. (CG-1340)"


Here...


http://www.uscg.mil/hq/g-m/vdoc/genpub.htm

Some other answers here...

http://www.uscg.mil/hq/g-m/vdoc/nvdc.htm


Hope this helps.
GLH is offline  
Reply With Quote
Old 04-10-2006, 10:10 PM
  #5
Forum Regulator
VIP Member
Trade Score: (1)
 
Sydwayz's Avatar
 
Join Date: May 2001
Location: Worldwide
My Boats: 17' Speedliner Cat & O.P.B.
Posts: 21,920
Default Re: coast guard documenting and boat loans?

Tony, I thought you already bought a 31????

IF you decide to do it yourself, you can, and there is no issue with it. However, you will not get any temporary registration for the boat. If you go with a service that will do it for you, they can issue a temporary certificate that is an official document stating the paperwork has been processed to move the permanent CG documenation into your name/address.

A quick work around might be to go ahead and regisiter the boat in NY State and run it with NYS numbers until you get your CG certificate back. You can ping Reckless32 (Rick) with a PM or if he does not respond I can get you his number. He also just posted this same info a few weeks ago. He did his all himself, and I believe he paid for expedited shippng (just like the service company will do) and had his back in no time.
Sydwayz is offline  
Reply With Quote
Old 04-10-2006, 10:29 PM
  #6
Registered
 
ALL IN's Avatar
 
Join Date: Jun 2005
Location: sandusky/stow ohio
My Boats: 35 FOUNTAIN LIGHTING
Posts: 243
Default Re: coast guard documenting and boat loans?

Quote:
Originally Posted by Sydwayz
Tony, I thought you already bought a 31????

IF you decide to do it yourself, you can, and there is no issue with it. However, you will not get any temporary registration for the boat. If you go with a service that will do it for you, they can issue a temporary certificate that is an official document stating the paperwork has been processed to move the permanent CG documenation into your name/address.

A quick work around might be to go ahead and regisiter the boat in NY State and run it with NYS numbers until you get your CG certificate back. You can ping Reckless32 (Rick) with a PM or if he does not respond I can get you his number. He also just posted this same info a few weeks ago. He did his all himself, and I believe he paid for expedited shippng (just like the service company will do) and had his back in no time.
dont know if applys to you but i saved sales tax 0n 60k buy going certified i'm in ohio.i paid $350 and it took about six weeks. i was faxed the paper work from the coast guard and it was like 15-20 pages.filled it out three times then said screw it and paid the money.then went in got the sticker and never had to pay sales tax.i have the number to the guy he is called the boat documentor p.m. me if you need it. good luck
ALL IN is offline  
Reply With Quote
Old 04-10-2006, 10:51 PM
  #7
(aka) Pure Adrenaline
Platinum Member
 
Doug's Avatar
 
Join Date: Oct 2000
Location: Marion, IN, USA
My Boats: 90 MPH Top Gun, Full Stagger, 580cid Donovans
Posts: 808
Default Re: coast guard documenting and boat loans?

Sorry Sydwayz but I don't agree with what you said. The Documentation center will give you temporary papers. When I did my Top Gun they were backed up about 6 months. I sent the Bill of Sale, there form and a check and waited for two weeks and then called them. They faxed me a paper that had my Documentation number on it and it stated that I had applied for a number and everything was ok and just waiting for final approval. I took the paper to Ohio and got my sticker with no problem. 6 months later just like they said I received my official papers. And about not paying sales tax Don't register it in the state you live. That was told to me by some Power Squdren guys at a boat show.
Doug is offline  
Reply With Quote
Old 04-11-2006, 01:41 AM
  #8
Forum Regulator
VIP Member
Trade Score: (1)
 
Sydwayz's Avatar
 
Join Date: May 2001
Location: Worldwide
My Boats: 17' Speedliner Cat & O.P.B.
Posts: 21,920
Default Re: coast guard documenting and boat loans?

I have not heard of them faxing temporary documentation, but that's all good. I did not mind paying my finance lady to do mine, as she took care of more than I asked her to anyhow to get my boat purchase done including handling all of the paperwork to sell my old boat which she did not make any money on.

What I posted above, was only info I had gotten from here on OSO.
Sydwayz is offline  
Reply With Quote
Old 04-11-2006, 07:35 AM
  #9
Registered
 
ALL IN's Avatar
 
Join Date: Jun 2005
Location: sandusky/stow ohio
My Boats: 35 FOUNTAIN LIGHTING
Posts: 243
Default Re: coast guard documenting and boat loans?

Quote:
Originally Posted by Sydwayz
I have not heard of them faxing temporary documentation, but that's all good. I did not mind paying my finance lady to do mine, as she took care of more than I asked her to anyhow to get my boat purchase done including handling all of the paperwork to sell my old boat which she did not make any money on.

What I posted above, was only info I had gotten from here on OSO.
In my prior post i put 6 weeks i meant 6 months to get the thing final i screwed with it for about 2 months then paid to have it done and it still took 4-5 months.sorry for the typo good luck .
ALL IN is offline  
Reply With Quote
Old 04-11-2006, 08:16 AM
  #10
Registered
 
RedDog382's Avatar
 
Join Date: Sep 2003
Location: Toledo, Ohio/Las Vegas, NV
My Boats: '99 Formula 382 Poker Run Special/'05 Formula 260 SS
Posts: 3,029
Default Re: coast guard documenting and boat loans?

Quote:
Originally Posted by ALL IN
dont know if applys to you but i saved sales tax 0n 60k buy going certified i'm in ohio.

then went in got the sticker and never had to pay sales tax.

good luck
Hate to break it to you, but they WILL find you. I thought the same thing for two and a half years. There is someone in the area who has a full time job tracking down guys like you (and me ).

When he finds you, you will be given the opportunity to pay the original tax PLUS INTEREST immediately in order to avoid a very significant fine.

Better have the coin set aside somewhere.
RedDog382 is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
cbeastwood
Ft Myers Offshore
2
01-15-2008 03:50 PM
26sonic
General Boating Discussion
10
05-15-2006 10:39 PM
CAP071
General Boating Discussion
2
04-24-2006 08:05 AM
Strip Poker 388
General Boating Discussion
5
04-24-2003 10:44 PM
Audiofn
General Boating Discussion
14
06-10-2002 12:42 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 09:27 AM.


Copyright 2011 OffShoreOnly. All rights reserved.