Jet Ski Bill of Sale Form
A jet ski bill of sale is a form used to transfer the ownership of a personal watercraft (PWC) from a seller to a buyer. It includes a description of the machine, the contact information of the buyer and seller, as well as the payment details. The document must be signed by both parties to be considered valid. It is important to check state notarization requirements prior to signing.
What is a Jet Ski Bill of Sale?
A jet ski bill of sale is a document that provides evidence that a buyer legally acquired a jet ski. It is often used to verify ownership and may be needed to register in certain states.
The form must include the following:
- Date of Sale – Stating the day of the transaction acts as a record of when the deal occurred.
- Buyer + Seller – Documenting the name, address, phone number, and email of each party provide each with a way to contact the other after the transaction happens.
- Jet Ski Information – Entering unique details about the machine makes it easy to locate. This includes its make, model, year, color, cubic centimeters (CCs), hours, and vehicle identification number (VIN).
- Payment Type – This section contains details about the sale price, taxes, and the payment method used. If the seller gifted or traded the jet ski with the buyer, the details need to be stated under “Additional Terms.”
- Signatures – By signing, both parties are confirming that the written information is valid. For this reason, signatures from the buyer and seller are required.
- Notarization (optional) – The buyer and seller must sign in the presence of a Notary Public if the state of residence requires notarization.
How to Sell A Jet Ski (4 Steps)
When selling a jet ski, it is important to stay organized and plan ahead. Follow these five (5) steps to prepare, list, and sell.
Step 1 – Prepare
Properly maintaining the jet ski makes it last longer. As a result, it sells for more money. Regularly removing it from lakes, oceans, or rivers helps to prevent corrosion. Similarly, storing it indoors decreases its exposure to humidity, which causes rust, mold, and mildew growth.
Regardless of its care plan, the jet ski needs to be cleaned before potential buyers tour it. While owners can detail it themselves, it can also be done professionally. It is most important to remove dirt and grime so that it looks its best.
Step 2 – Set a Price
Typically, a used jet ski is priced between $5,000 and $20,000. Its age, brand, year, and engine type have the greatest impact on cost.
It is important to list at a price that is realistic for both the buyer and seller. Therefore, it can be helpful to have the PWC appraised. NADA is a free service that calculates an estimate using the factory price and area code of the seller. PWC Trader provides users with pricing data from other jet skis, which is based on its make, model, and year.
Step 3 – List
When listing a jet ski it is important to consider the quality of the advertisement. The owner needs to include clear photos and a full description of the equipment. A jet ski can be listed on the following sites:
- PWC Trader – A seller can list their jet ski using a “basic” plan for $9.95, which lasts for two (2) weeks and includes four (4) photos. The “enhanced” plan is $29.95 per listing as it has a duration of six (6) weeks and allows up to twenty (20) pictures. Lastly, the “best” plan is valid for twelve (12) weeks and includes fifty (50) photos per listing.
- Craigslist – Each listing is $5 and includes unlimited photos.
- eBay – When the item has been sold, eBay charges up to 12.55% of the sale price and a $0.30 transaction fee. Sellers can update their package, as well, to include larger and additional photos.
- Facebook Marketplace – A free service that can be used to list a jet ski.
Aside from online sales, a seller can list their jet ski through a dealership. This method is the least time-consuming, although it is not as profitable. On average, the owner must pay the dealer 10% of the selling price.
Step 4 – Sign Bill of Sale
Once the seller and buyer have agreed on a price, they must fill out a bill of sale. Important details about the jet ski need to be included, such as the make, model, year, color, cubic centimeters (CCs), hours, and vehicle identification number (VIN).
Additionally, it is important for both parties to list their contact information, such as their name, address, phone number, and email. The payment details, like the sale price, taxes, and type of payment (e.g. check, credit card, cash, etc.), must be recorded, as well.
After both parties complete the document, the buyer pays the seller. Then, both parties sign the document. Once this step occurs, the seller no longer has ownership of the item. Instead, the buyer is the rightful owner and has responsibility for the jet ski.