Indianapolis, Indiana

Indianapolis, Indiana Personal Watercraft Bill of Sale for Financed vehicle — Print a Ready-to-Sign Form

Print a personal watercraft bill of sale form for your financed vehicle in Indianapolis, Indiana. Fill in the details online, then print the completed document for both parties to sign.

Print a ready-to-sign form

Print Instructions

Paper Size

US Letter (8.5 × 11 in)

Margins

0.5 in minimum all sides

Ink

Black ink, laser or inkjet

Before You Print

☐Verify the VIN matches the personal watercraft title exactly
☐Confirm buyer and seller names match government-issued IDs
☐Have both parties present at the time of signing
☐Bring a valid photo ID accepted by Indiana
☐Print at least two copies — one for each party

Both parties should sign with a ballpoint pen in blue or black ink. Initial any corrections rather than using correction fluid.

Financed vehicle — What You Need to Know

The buyer is financing the purchase through a lender. The lender will hold a security interest in the vehicle until the loan is paid in full, and the title will reflect the lienholder.

Seller guidance

If you are selling as a private party offering financing (seller financing), the transaction is governed by the Truth in Lending Act (TILA), Regulation Z (12 CFR Part 1026). You must provide the buyer a written disclosure of APR, finance charge, amount financed, total payments, and payment schedule. Failure to comply can expose you to civil liability.

Buyer guidance

When financing through a bank or credit union, your lender will place a lien on the title. You will not receive a clear title until the loan is paid off. Under TILA, you have the right to a written disclosure of all loan terms before signing. Review the APR and total cost of financing carefully.

Legal note (Indiana-specific)

IN requires the lienholder to release the lien before title transfer. The BMV records liens electronically. Transfer title within 45 days.

Financed vehicle checklist

Obtain pre-approval letter or lender commitment before finalizing sale price
Confirm lender's payoff instructions if seller has an existing lien
Record the new lienholder on the title at the DMV
Review TILA disclosure for APR, finance charge, and payment schedule
Retain a copy of the signed bill of sale and loan documents
Obtain lien release from lienholder after payoff
Submit lien release at BMV branch
Transfer title within 45 days

Personal Watercraft Safety & Recall Information

Data sourced from NHTSA safety ratings and recall databases

Average Safety Rating

0 / 5

Avg. Price Range

$3,000–$20,000

Odometer Disclosure

Not required

Safety checkpoints for personal watercraft buyers

Inspect hull for spider cracks and stress fractures around mounting points
Check wear ring and impeller clearance — determines acceleration and top speed
Verify HIN (Hull Identification Number) matches registration
Test electronic throttle and reverse operation
Confirm lanyard kill-switch cuts power immediately when pulled
Verify required fire extinguisher is present and current
Test engine compartment ventilation blower (4-stroke models)
Inspect tow eye, ski-tow ring, and grab handle attachment

Common recall categories

Fuel SystemSteeringHullEngineElectrical

On average, each personal watercraft model has approximately 1.2 recalls. Always check your specific vehicle at NHTSA.gov/recalls before completing a sale.

Indiana Tax & Fee Summary

State Sales Tax Rate

Title Transfer Fee

$15

Private Party Exempt

Flat 7% statewide; no additional local vehicle taxes

Sales tax applies to private party vehicle purchases

Visit the official Indiana DMV website

Local Requirements — Marion County

DMV / Title Office

Indiana BMV License Branch – East Washington

Address

8901 E Washington St, Indianapolis, IN 46219

Phone

(888) 692-6841

Office Hours

Mon–Fri 8:30 AM–5:00 PM (Thu until 6:00 PM); Sat 8:30 AM–12:00 PM

https://www.in.gov/bmv

Transfer Fees & Taxes — Indianapolis

Title Transfer Fee

$15.00

Sales Tax Rate

7.00%

Base Registration Fee

$21.35

Indiana state sales tax 7% (flat statewide rate; no county or city vehicle sales tax surcharge)

Notarization: NOT REQUIRED

Indiana does not require notarization for a private vehicle bill of sale. Buyer and seller signatures on the title and a State Form 44237 are sufficient.

Indianapolis Transfer Checklist

Complete Indiana State Form 44237 (Affidavit for Transfer of a Motor Vehicle) when titling
Title must be transferred within 45 days of purchase
Indiana sales tax (7%) paid at BMV license branch at time of title transfer
Both parties should retain a copy of the bill of sale for tax and liability records

County Information — Marion County

County Clerk / Recorder

Marion County Clerk

Phone

(317) 327-4740

Website

https://www.indy.gov/agency/clerk

Indianapolis Financed vehicle personal watercraft printable — when to file

Indiana requires title transfer within 45 days of the sale date on the bill of sale. For financed vehicle transactions specifically, file at Indiana BMV License Branch – East Washington (8901 E Washington St, Indianapolis, IN 46219) during normal hours: Mon–Fri 8:30 AM–5:00 PM (Thu until 6:00 PM); Sat 8:30 AM–12:00 PM. Miss the 45-day window and Indiana typically charges a late-transfer penalty plus accrued use tax, and the seller can remain on the title for civil liability until the buyer completes retitling. Bring the signed title, the completed Indianapolis bill of sale, your government-issued ID, and payment for the $15.00 title transfer fee plus 7.00% sales tax on the purchase price.

Printable reminder. Whether you keep your printable as a printed two-copy paper record, both buyer and seller should leave the signing with an identical executed copy. The buyer needs the original to present at Indiana BMV License Branch – East Washington; the seller keeps a duplicate to prove the date of transfer if a future liability question arises before the title fully retitles.

Frequently asked questions

What financed vehicle documents do I need for a personal watercraft sale in Indianapolis, Indiana?

For a financed vehicle personal watercraft transaction in Indianapolis, you need: Obtain pre-approval letter or lender commitment before finalizing sale price; Confirm lender's payoff instructions if seller has an existing lien; Record the new lienholder on the title at the DMV; Review TILA disclosure for APR, finance charge, and payment schedule; Retain a copy of the signed bill of sale and loan documents; Obtain lien release from lienholder after payoff; Submit lien release at BMV branch; Transfer title within 45 days.

What is the sales tax on a personal watercraft private sale in Indianapolis, Indiana?

The combined sales tax rate in Indianapolis is 7.00%. Indiana state sales tax 7% (flat statewide rate; no county or city vehicle sales tax surcharge)

Do I need to notarize a personal watercraft bill of sale in Indiana?

No, notarization is not required. Indiana does not require notarization for a private vehicle bill of sale. Buyer and seller signatures on the title and a State Form 44237 are sufficient.

What are common recalls for a personal watercraft?

Common recall categories for personal watercrafts include: Fuel System, Steering, Hull, Engine, Electrical. On average, each personal watercraft model has approximately 1.2 recalls. Always check your specific vehicle at NHTSA.gov before completing a sale.