I thought I'd give you folks a good laugh and share my "Sales Tax" plan. It all started when I was drooling over a new 375. The salesman hit me with the tab, over $200,000. After I got up off the floor, I started to think about what I could do to my boat for just the [B]sales tax[/B] on $200,000. So I have embarked on my sales tax plan. So far I have checked off the rigging inspection, new bottom paint, thru-hull/rudder/prop inspections, new canvas, new hull wax, new varnish and on the way are new rubrail, new cowl vents, new lifelines and new portlight lenses. The interior of my boat is already gorgeous, but I did order a Tufted Topper. Next will be an inverter, tank & battery bank monitors and I'm mulling over a bow water tank & radar. All of this and more will still not reach the cost of just the sales tax on a new boat. And just like remodeling a house, my boat will have a lower effective age going forward and will be better than ever. This appeals not only to my frugal side, but also to my love of working on and improving my baby.
Deja Vu
1991 MK I # 1106
Marina del Rey, CA
Works for me!
Bill
s/v Lucky
1984 MK I Hull #266
San Antonio, Texas
Mike,
We need a lot more people like you, we could then say WHAT RECESSION.
Keep on stimulating. You do not own an airplane do you, my business could use a bit of stimulation.
Cepheus dream
C36 MK I # 825
MK I Tech Editor No Mas
The boat movers & shakers or is that makers/sellers don't like rational people!!!
Allan Rex
# 2216
A former boss made a similar justification on a house remodel, comparing the remodel cost to the realtor commision and associated sale and moving costs.
Craig Illman, Seattle
S/V Espresso C34 #1150 1991
Purchase a boat in Rhode Island there is No sales tax on Boats
Proud Mary
Poertsmouth RI
I live in Florida as a full time resident. If I buy a boat in
Rhode Island in the Spring, Register and title it using a marina in Rhode Island and live on it in Rohde Island in the marina then sail it to Florida and re-register and title it in Florida I don't have to pay any sales tax in Florida either as long as it was purchased, registered and titled in Rhode Island.
What a way to spend a summer sailing around Naragansit Bay and the Out Islands for six months then have a nice sail home to Florida before winter sets in up north. The money I save could pay for the whole summer of fun and sailing.
__/)__/)__/)__Capt Mike__/)__/)__/)__
Punta Gorda Florida
1990 Std WK M35 Hull #1050
Not all states may work it that way, best to look before you leap and have to pay the tax you move it to. MD has a 5% excise tax; [I]If your vessel was purchased elsewhere or previously registered in another jurisdiction, is now in Maryland waters, and will use Maryland waters more than any other single jurisdiction during the calendar year, you [U]are[/U] liable for vessel excise tax and must register the vessel within 30 days of entering Maryland waters or if your vessel is duly registered in another jurisdiction but remains in Maryland waters more than 90 days in a calendar year, you [U]may[/U] be liable for vessel excise tax unless you can prove [B]principal use[/B] in another jurisdiction. [/I]
Allan Rex
# 2216
That $200,000 was probably for the bare bones boat, without all the upgrades many buyers want. A word to anybody considering buying a new boat:
I have a friend that used to work for a broker. This person told me that, for instance, if you order an electric winch you pay for the full cost of that new winch. The broker keeps the original winch and can sell it. My friend said that when they left the broker, they had a whole warehouse of unused winches, anchors, etc. So you're paying for the original winch plus the new one. If you, or anybody you know, is buying a new boat, be sure to demand to get the replaced part!
SF Bay
1998 C36
[QUOTE=John Reimann;2875]That $200,000 was probably for the bare bones boat, without all the upgrades many buyers want. A word to anybody considering buying a new boat:
I have a friend that used to work for a broker. This person told me that, for instance, if you order an electric winch you pay for the full cost of that new winch. The broker keeps the original winch and can sell it. My friend said that when they left the broker, they had a whole warehouse of unused winches, anchors, etc. So you're paying for the original winch plus the new one. If you, or anybody you know, is buying a new boat, be sure to demand to get the replaced part![/QUOTE]
When I ordered the boat with an Autoprop, the broker gave me the standard 2 blade prop off of the boat.
Gene Foraker
Sandusky Yacht Club
Sandusky, OH
1999 C36 #1786
Gypsy Wagon
[quote=John Reimann;2875]That $200,000 was probably for the bare bones boat, without all the upgrades many buyers want. A word to anybody considering buying a new boat:
I have a friend that used to work for a broker. This person told me that, for instance, if you order an electric winch you pay for the full cost of that new winch. The broker keeps the original winch and can sell it. My friend said that when they left the broker, they had a whole warehouse of unused winches, anchors, etc. So you're paying for the original winch plus the new one. If you, or anybody you know, is buying a new boat, be sure to demand to get the replaced part![/quote]
You could always ask they either give you a credit on the invoice or give you the part replaced (you never know, the spare may come in handy).
Allan Rex
# 2216
That's interesting John, I had no idea that happens with ordering new equipment!
Glenn Druhot
Carpe Diem
New Bern, NC
35* 6' 10" N / 77* 2' 30" W
2001 C36, Hull #1965
Std Rig; Wing Keel; M35B