Buying a boat sitting in Puerto Vallarta - SailNet Community
 
LinkBack Thread Tools
post #1 of 2 Old 07-10-2002 Thread Starter
Junior Member
 
Join Date: Aug 2001
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Buying a boat sitting in Puerto Vallarta

We have made a deal to buy a boat that currently sits in PV although it is owned by a US citizen and we are also from the US. The $ and documents are in escrow, ready to go but we are now being told that the sale will not be legal and we fear that we won''t be able to leave the country. This is complicated by the fact that the current owner wants $ now and we are not planning to sail until October. Does anyone have any thoughts/solutions?
anglerex is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2 of 2 Old 07-10-2002
Senior Member
 
Join Date: Jul 2002
Posts: 1,120
Thanks: 0
Thanked 4 Times in 4 Posts
Rep Power: 13
 
Buying a boat sitting in Puerto Vallarta

A:

First, who is advising you the sale will not be legal? And not legal in who''s eyes: USCG, who will issue the document? U.S. Customs, who will assess the duty? Mexico, whom you will want to issue you a 20-year importation document?

Second, are you planning on taking the boat back into the U.S.? To California? If so, have you talked with your local county tax assessor to discuss ''offshore purchase'' requirements. It may seem counterintuitive to ask for help from the folks who want to collect your money, but having the rules explained up front is usually a wise practice; I''ve never heard anyone tell a story that they lived to regret doing so. If you want the boat, at some point, back in California, be careful to note what their ''constant use outside the U.S. for at least 90 days after purchase'' guideline really means. E.g. your post here suggests you were going to buy the boat, leave it in PV unattended for blank time, and then pick it up in October. I may be wrong but I don''t think that will qualify for tax exemption in CA - but talking with the Assessor will clarify this.

Give us more details and we may be able to better help you. I''d suggest you also post a more detailed similar question on the CW BB (http://old.cruisingworld.com/forums/genlmesg/index.pl) as there are many CA sailors there and I''ll bet you''d be plugging into some helpful info.

Good luck!

Jack
WHOOSH is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Re-naming the boat pirateofcapeann General Discussion (sailing related) 130 01-07-2014 11:14 AM
Windward performance deseely General Discussion (sailing related) 21 04-01-2012 02:42 PM
Questions about boat buying process... slimqs Boat Review and Purchase Forum 7 03-27-2004 12:07 PM
Puerto Vallarta, Mexico - 51'' slip gcrowell General Discussion (sailing related) 0 01-09-2003 09:01 PM
buying boat for PHRF racing lefty Racing 12 01-06-2001 04:49 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome