If you are considering buying a boat privately there are a few things that need to be done to not only make sure that you make a satisfactory purchase and have gotten value for money, but also to protect yourself. The most important thing is to get everything in writing. Using a boat bill of sale form is the easiest way to do this.

One of the first things an impending boat buyer needs to do is to research the current market price for boats of a similar size and power. The NADA price guide is a simple way to do this. Some other things to ask include whether there is any money owed on the boat or does it have any outstanding fines? Has it ever been involved in an accident? What is the condition of the motor and has the boat been regularly maintained? And lastly is the boats registration current?

Buying a boat from a private seller can have some advantages too. On a large number of times you will possibly receive some extra items that would have cost you extra with a brand new boat. Things like a marine radio, anchor, boat cover and even a trailer may all be bundled together and could save you a lot of money.

After you have decided to buy the boat you need torecord the following details on your boat bill of sale form. Always include the names of both the buyer and the seller, the make and model of the boat, the price at which the boat was sold, the HIN (Hull Identification Number), the date you bought the boat and of course both your own and the sellers signatures.

Utilising a boat bill of sale form will make certain that you have documented your purchase as well as proof of ownership. It’s an easy way to protect yourself and is essential for all aspiring boat buyers.

For more information on boat bill of sale forms, please see http://www.BoatBillOfSale.org