Quote:
Originally Posted by 9greej10
Great - thanks beamishken!
When buying a boat from a private seller what paperwork should be exchanged i.e when buying a car you update the log book to represent the new ownership so what is the situation when buying a boat?
Thanks
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A lot depends on the age of the boat and often how many times a boat has changed hands. Technically you need nothing just pay the money & take it away, no log book or registration like a car. However if you ever want to take it abroad you will need to have the origional purchase receipt showing it was vat paid. If not available which it often isnt then some form of proof of ownership would be good, service records invoices for any repairs or accessories are handy but often as boats get older & have changed hands a few times the paper trail becomes less. I'm not sure how finance agreements work on newer boats but worth checking there is no outstanding finance against the boat, I think its pretty rare but I'm no expert hopefully someone else will advise.
You need to be buying from an enthusiastic owner who is happy to demonstrate how good his boat is & see it go to an appreciative buyer. If the seller is cagey & doesnt offer information or doesnt know the boat then beware. Be careful of the dont have time for it anymore so not used it this year so may need a service type of sales as they often have running faults not immediately apparent. Try & find something that has been in use until sold.