Project Vehicle vehicle bill of sale
Selling a project vehicle personal watercraft in Indiana? Project or non-running vehicle sale — generate the right bill of sale for your transaction.
When selling a project vehicle personal watercraft through a private party sale in Indiana, a bill of sale protects both the buyer and seller by documenting the transaction details and the vehicle's condition at the time of sale.
Non-running vehicles should be sold with bill of sale clauses explicitly stating "sold as non-running" or "sold for parts only." Some states require a salvage or parts-only title designation for vehicles that are not roadworthy. Clearly documenting that the vehicle does not run protects the seller from buyer claims of misrepresentation.
The bill of sale must state that the vehicle is sold in non-running condition, specify whether it is sold for parts or restoration purposes, and list any major missing components such as engine, transmission, or catalytic converter.
A project vehicle sold for parts or restoration may require extensive investment to become roadworthy. Verify that the title status allows future registration if you intend to rebuild and drive the vehicle.
In Indiana, the title transfer fee is $15 and registration costs $21.35 - $30.35 for passenger vehicles. Personal Watercraft sales are subject to 7% sales tax on purchase price. Indiana does not require notarization for private-party personal watercraft transfers. Emission testing is required in Indiana — verify the personal watercraft passes before completing the sale.
Indiana has a 7% state sales tax rate. Flat 7% statewide; no additional local vehicle taxes. Private-party personal watercraft sales in Indiana are subject to sales tax. Sales tax applies to private party vehicle purchases. The title transfer fee is $15.
The most common personal watercraft makes in private-party sales are Yamaha, Sea-Doo (BRP), Kawasaki. Average private-party personal watercraft prices range from $3,000–$20,000. Personal watercrafts average 1.2 NHTSA recalls per model across categories including Fuel System, Steering, Hull.
Before completing a personal watercraft bill of sale in Indiana, verify these safety items:
PWC insurance averages $200–$500/year. Many marinas require proof of insurance. PWC depreciate 40–50% in the first 3 years. Three-seat models retain value better than single-seat. Peak season for private personal watercraft sales is april–may before summer water season, with an average of 30 days on market.
Personal Watercrafts are classified as "Personal watercraft (state-registered, minimum operator age varies by state)" for registration purposes. PWC are classified by engine hours. Average recreational lifespan is 300–500 hours. Federal odometer disclosure does not apply to personal watercrafts.
Personal watercraft (PWC) title transfer follows boat rules in most states. PWCs require both a Hull Identification Number (HIN) on the bill of sale and, in some states, a separate trailer title if the trailer is included. State DNR or boating-agency registration applies in addition to DMV title transfer. States that title PWCs use a watercraft title format similar to boats. A small number of states (e.g. Alaska, Maine inland) only register PWCs without titling. The bill of sale is the primary ownership document in non-title states.
When selling a personal watercraft in Indiana, the following disclosures apply:
When selling a project vehicle personal watercraft in Indiana, the bill of sale should clearly document the vehicle condition. PWC insurance averages $200–$500/year. Many marinas require proof of insurance. Average personal watercraft prices range from $3,000–$20,000 — project vehicle vehicles typically fall in the lower range.
BillOfSaleNow has generated 1,624 bill of sale documents for Indiana transactions, with 44 generated this month alone. The most popular vehicle type is car.
Generate a Indiana personal watercraft bill of sale with condition details included.
Create Indiana Personal Watercraft Bill of SaleIndiana requires a bill of sale for all private party vehicle sales. A project vehicle personal watercraft may have additional disclosure requirements around condition, mileage, or title status.
Include buyer and seller details, vehicle identifiers (VIN, year, make, model), sale price, date, signatures, and a clear description of the vehicle condition as project vehicle.
Yes. A properly completed bill of sale is a legal document in Indiana. For project vehicle vehicles, disclosing the condition protects both buyer and seller.
Indiana charges a $15 title transfer fee. Registration costs $21.35 - $30.35 for passenger vehicles. Sales tax: 7% sales tax on purchase price. Notarization is not required.
Average private-party personal watercraft prices range from $3,000–$20,000. Project Vehicle vehicles typically fall in the lower range. The most common makes are Yamaha, Sea-Doo (BRP), Kawasaki.
Inspect hull for spider cracks and stress fractures around mounting points Check wear ring and impeller clearance — determines acceleration and top speed
45% faster sale
Vehicles whose listings include a history report spend ~45% less time on site before selling, and report-viewers are 5x more likely to become a lead.
Source: Experian / AutoCheck
$4,000 avg loss
NHTSA estimates 450,000+ vehicles per year are sold with rolled-back odometers — the average victim loses about $4,000 in downstream repair costs.
Source: NHTSA
17.5M private sales/yr
About 17.5 million private-party vehicle transactions happen in the U.S. each year — roughly 47% of the used market.
Source: Cox Automotive 2024
1 in 3 buyers
Roughly 1 in 3 used-car buyers say they suspect private sellers are hiding mechanical problems — documentation closes that trust gap.
Source: JW Surety Bonds (n=3,000)
$60–$85 mobile notary
Mobile notary visit minimums run $60–$85 — higher on weekends, plus per-mile travel fees. State-formatted documents skip the trip.
Source: Thumbtack / NNA