04-10-2018, 04:57 PM
I went through a bit of this hassle with the DMV with the pontoon I bought in November because it was last titled out of state. I didn't have to deal with any bank, though, as I was purchasing it outright.
The forms are pretty simple. You can google and download a Utah bill of sale form (get the one from the Utah.gov website address). There is also a VIN inspection form you can download and print off from the state website. I recommend a couple of these because there can't be any scratch-outs if there are errors when you fill it out. Once you have that, call your local dispatch and an officer can come by and inspect the VIN. From there, just take the forms to the DMV.
The difficulty is the seller isn't going to want to turn the boat/trailer over to you without the money, and the bank isn't going to want to give the money without the titling done. I would check with the bank and ask if the bill of sale and completed VIN inspection form would do. The only other option would be to have the seller actually get the titling corrected into their name, then sell to you. That can take a few weeks, cost the seller money, and they likely won't want to do it.
With all that said, some credit unions can negotiate a bit if there is plenty of equity in the boat without factoring the value of the trailer. Otherwise you might just want to consider an unsecured loan. The rate might be a bit higher, and harder to get approved, but then all the titling is directly in your name with no lien holder and no hassles.
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The forms are pretty simple. You can google and download a Utah bill of sale form (get the one from the Utah.gov website address). There is also a VIN inspection form you can download and print off from the state website. I recommend a couple of these because there can't be any scratch-outs if there are errors when you fill it out. Once you have that, call your local dispatch and an officer can come by and inspect the VIN. From there, just take the forms to the DMV.
The difficulty is the seller isn't going to want to turn the boat/trailer over to you without the money, and the bank isn't going to want to give the money without the titling done. I would check with the bank and ask if the bill of sale and completed VIN inspection form would do. The only other option would be to have the seller actually get the titling corrected into their name, then sell to you. That can take a few weeks, cost the seller money, and they likely won't want to do it.
With all that said, some credit unions can negotiate a bit if there is plenty of equity in the boat without factoring the value of the trailer. Otherwise you might just want to consider an unsecured loan. The rate might be a bit higher, and harder to get approved, but then all the titling is directly in your name with no lien holder and no hassles.
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