Do you want to sell your boat trailer? A bill of sale is an important document that goes along with the transaction, so understanding it, as well as the process for completing the forms is important. A lot of vital information is contained on the bill of sale, so making sure it’s accurate is also part of the process. Because a boat trailer doesn’t have to be registered with the USCG, the steps vary just a bit. Use this handy guide to help you determine what should be included on a bill of sale for a boat trailer.
Names and Contact Details
Some of the most important data that will be on your bill of sale is the names and contact information for all parties involved in the transaction. This might sound like a no brainer, but check and double-check the information to ensure that it’s all correct, valid and up to date before you file your bill of sale.
Trailer Information
Just like you include a comprehensive rundown about any other kind of watercraft on a bill of sale, you will do the same for your boat trailer. The details you need to put on the bill of sale include the make and model of the trailer, its VIN number, and what year it was manufactured. The more details, the better, so don’t be afraid to include additional information. The goal is to identify your trailer, separate from the others on the water, and your bill of sale should help you accomplish that.
Price of the Trailer
Your trailer’s bill of sale should clearly list the price it’s being sold for. This works as an agreement between the buyer and the seller and helps prevent the potential for disputes down the road. This is an understanding of the amount of money that changed hands during the transaction. Be sure both parties are in agreement on the price of the boat trailer before money changes hands and before the bill of sale is filed.
Conditions Should Also Be on the Bill of Sale for a Boat Trailer
Any conditions that pertain to the sale should also appear on the bill of sale. This might include specifics about the condition of the trailer, such as listing it being sold “as is.” This is also where any warranties will be listed, as well as any other agreements made between the buyer and the seller of the boat trailer. Listing these conditions is important because it helps settle disputes, should they arise in the future and outlines the agreement that both parties have made upon the sale of the boat trailer.
Putting together a bill of sale for a boat trailer doesn’t have to be a difficult or time consuming process. It can be done online and you can file and pay the fees at the same time. If you need help getting through the process or you have questions about how it works, contact the US Vessel Documentation Center today and we can assist you.
