T
Tom S.
You can't beat sales tax and state registration
I'm documented, but I'm still required to get my boat registered in the state (just don't need to put registration numbers up on the bow) and when the boat is bought I still have to pay a sales tax, whether documented or not. (Most states I know of require this especially up around here. Unless you live in RI, I think they have no sales tax for boats - but don't try to get around it, your state might have spies checking marina's with out of state reg's)Really only need to document if your lending agency insists (as almost all of them do if they are holding the lien) as its easier for them to recover if you default.But the other big reasons for US documentation is if you travel in foreign water's the other countries can demand an official US documention, most won't be satisfied with a state registration.the other reason you need US documentation is if you are a commercial vessel, but I'm not sure that pertains to most of the people here.
I'm documented, but I'm still required to get my boat registered in the state (just don't need to put registration numbers up on the bow) and when the boat is bought I still have to pay a sales tax, whether documented or not. (Most states I know of require this especially up around here. Unless you live in RI, I think they have no sales tax for boats - but don't try to get around it, your state might have spies checking marina's with out of state reg's)Really only need to document if your lending agency insists (as almost all of them do if they are holding the lien) as its easier for them to recover if you default.But the other big reasons for US documentation is if you travel in foreign water's the other countries can demand an official US documention, most won't be satisfied with a state registration.the other reason you need US documentation is if you are a commercial vessel, but I'm not sure that pertains to most of the people here.