Updated on January 28th, 2021
A Jet Ski bill of sale form is a physical written account containing the information entailed in an exchange of a jet ski for a proposed financial consideration. The buyer and seller will input their corresponding information as well as the identifying information of the jetski and sale price to be finalized in agreement with individual endorsements from each party. This document can be furnished to establish ownership when it comes time to register and title the watercraft.
Why Use a Bill of Sale?
Incorporating a bill of sale into the transaction is a standard procedure to log and legitimize the exchange with a physically executed register. This record serves as a popular form to identify the owner of the watercraft after it has changed hands. It can also be used for tax purposes to prove paid purchase price or provide a paper trail when it comes time to initiate the transfer of title and registration.
How to Go About Selling a Jetski
Clean, Repair, and Tune-up Your Jet Ski
Take the time to give the watercraft a deep clean, scouring the exterior, even in the cracks and small nooks and crannies of the vehicle. If you detect any noticeable scratches, try to buff them out with a correcting cream or a general scratch-removing product. You may want to bring it to a technician to get it serviced, and at this time you can also arrange to fix any corrosion issues or needed repairs with a specialist. Putting in the extra time, money, and effort will make the difference when it comes time to discuss with a buyer that expects to pay less than the asking price.
Designate a Workable Sales Price
Research the value of your jet ski to get a general idea of its worth on websites such as Kelley Blue Book or NadaGuides. From there, use comparable purchase prices from local listings of similar personal watercraft to further evaluate a realistic asking price. Take a look in newspapers, regional trade publications, or browse internet classified listings to get a sense of the going rate for your particular jet ski model in your market area. With this information, you should be able to establish a fair market value and then increase it by a few hundred dollars to add room for the buyer to negotiate.
Develop a Detailed Advertisement
Fine-tune a written representation of the vehicle including the critical attributes associated with it:
- Number of Strokes
- Amount of Persons it Seats
- Purchase Price
- Accumulated Mileage/Hours
- Maintenance History
- Contact Information
Take numerous photos to showcase the vehicle from multiple perspectives, highlighting gauges, handlebars, seats, essential component elements, and any imperfections it may have. To attract more potential buyers, shoot in a well-lit environment and ensure the photographs are in sharp focus.
If you have access to a high-visibility location, park the jet ski and place a “for sale” along with an observable spec sheet that includes contact information. Additionally, you can take out advertisement listings in area newspapers or swap magazines. You may find that your most significant resource is online classifieds like Facebook Marketplace, Craigslist, eBay, PWC Trader, or Boat Trader to promote to a broader audience. There are also options like CashForPowerSports.com that specializes in procuring jet skis if you are looking to make a fast sale, although this option is only viable if you are willing to take less for your vehicle.
Once you have received contact with an interest in the jet ski, organize a meetup to show the vehicle to potential buyers, preferably in a public place. If they request a test ride, keep in mind that there is a high potential of risk should they damage the watercraft or injure themselves. If you opt to do so, secure a form of identification and a full cash amount for the vehicle and a life jacket for the rider as a safety precaution. When you believe an interested party is indicating that they wish to purchase, transition to close by asking if they have any questions. Once the price has been settled, you can move on to completing the sale. Fill out the bill of sale From by following the instructions in the next section, and sign and date the document. You can then distribute the keys, accessories, manual, jet ski and trailer to the buyer in exchange for the cash amount of the purchase price.
Complete the Jet Ski Bill of Sale Form
Step 1 – Download the file in Adobe PDF.
Step 2 – Seller Information – Complete the form with the following information on the seller:
- Seller’s Name
- Seller’s License Number
- Seller’s Address (street address, city, state, zip code)
- Seller’s Email Address
- Seller’s Phone Number
Step 3 – Buyer Information – Input the same information on the buyer in the next section:
- Buyer’s Name
- Buyer’s License Number
- Buyer’s Address (street address, city, state, zip code)
- Buyer’s Email Address
- Buyer’s Phone Number
Step 4 – Jet Ski Information – Supply all requested information distinguishing the jet ski involved in the transaction:
- Number of Strokes/Cylinders
- Hull Identification Number
- Odometer Reading
- Specify the unit of measurement by placing a checkmark in one of the following boxes:
Step 6 – Include the numerical purchase price of the watercraft in dollars in the provided space.
Step 7 – Indicate the exact date of sale for the jet ski being transferred.
Step 8 – Finalize the purchase on the form with the endorsements for the seller and purchaser in the appropriate spaces.
Step 9 – Have any assigned witnesses attest to the execution of the document by producing their signatures and printed names below the names of the buyer and seller.