Project Vehicle vehicle bill of sale
Selling a project vehicle yacht in Georgia? Project or non-running vehicle sale — generate the right bill of sale for your transaction.
When selling a project vehicle yacht through a private party sale in Georgia, 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.
In Georgia, a certificate of title is required for the sale of any 1986 or newer vehicle, even if it is non-running or sold for parts. The seller must properly assign the back of the original title to the buyer. If the Georgia DOR has determined the vehicle is non-rebuildable, the salvage certificate shall be revoked and such vehicle may only be used for scrap or parts — no title can be issued under any circumstances, including via a surety bond. A project vehicle being actively rebuilt as an assembled vehicle must pass a state-approved inspection and submit Forms MV-1, MV-100 (Affidavit of Assembled Vehicle Inspection), and T-129 (Labor and Parts Certification). The vehicle must be towed, not driven, to the inspection site.
The bill of sale must clearly state that the vehicle is sold in non-running condition and, if applicable, that it is sold for parts or restoration only. If the vehicle carries a salvage or rebuilt brand, O.C.G.A. § 40-3-36 requires disclosure of that brand. Out-of-state nonrebuildable designations are also honored in Georgia — the commissioner shall not issue any certificate of title for such vehicle and the vehicle shall not be used for any purpose except parts.
Georgia requires Form Form T-7 (Bill of Sale, if pre-1986); Form MV-1 (Title/Tag Application); Form MV-100 (Affidavit of Assembled Vehicle Inspection, for rebuilt/assembled projects); Form T-129 (Labor and Parts Certification, for rebuilt/assembled projects) for project vehicle vehicle transactions. No additional state inspection is required.
A Georgia project vehicle with a salvage title cannot be driven on public roads until it passes a rebuilt inspection and receives a rebuilt title. If the DOR has designated the vehicle non-rebuildable, no title can ever be issued and the vehicle can only be used for parts or scrap — verify this status before purchase. For assembled vehicle rebuilds, the vehicle must be towed (not driven) to the inspection site.
In Georgia, the title transfer fee is $18 and registration costs $20 per year. Yacht sales are subject to Title Ad Valorem Tax (TAVT) of 6.6% of fair market value. Georgia does not require notarization for private-party yacht transfers. Emission testing is required in Georgia — verify the yacht passes before completing the sale.
Georgia has a 6.6% state sales tax rate. 6.6% TAVT (Title Ad Valorem Tax) on fair market value. Private-party yacht sales in Georgia are subject to sales tax. TAVT applies to all vehicle sales — replaces sales tax since 2013. The title transfer fee is $18.
The most common yacht makes in private-party sales are Sea Ray, Beneteau, Boston Whaler, Grady-White, Viking. Average private-party yacht prices range from $50,000–$500,000+. Yachts average 1 NHTSA recalls per model across categories including Fuel System, Electrical, Engine.
Before completing a yacht bill of sale in Georgia, verify these safety items:
Yacht insurance is 1–2% of hull value annually. Agreed-value policies are standard. Navigation limits and crew requirements affect premiums. Yachts depreciate 10–15% per year for the first 5 years. Well-maintained vessels from premium builders hold value best. Peak season for private yacht sales is fall/winter boat shows drive buyer interest for spring delivery, with an average of 90 days on market.
Yachts are classified as "USCG-documented vessel (over 5 net tons) or state-registered vessel" for registration purposes. Yachts are classified by length overall (LOA), not weight. Vessels over 65 ft may require a licensed captain. Federal odometer disclosure does not apply to yachts.
Yacht ownership transfer uses a Hull Identification Number (HIN). Yachts over 5 net tons are typically documented with the U.S. Coast Guard rather than state-titled. USCG documentation transfer requires filing with the National Vessel Documentation Center. USCG-documented yachts use a federal Certificate of Documentation and transfer through the National Vessel Documentation Center. State-titled yachts (uncommon for vessels this size) use state title transfer procedures.
When selling a yacht in Georgia, the following disclosures apply:
BillOfSaleNow has generated 3,204 bill of sale documents for Georgia transactions, with 86 generated this month alone. The most popular vehicle type is car.
Generate a Georgia yacht bill of sale with condition details included.
Create Georgia Yacht Bill of SaleGeorgia requires a bill of sale for all private party vehicle sales. A project vehicle yacht 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 Georgia. For project vehicle vehicles, disclosing the condition protects both buyer and seller.
Georgia charges a $18 title transfer fee. Registration costs $20 per year. Sales tax: Title Ad Valorem Tax (TAVT) of 6.6% of fair market value. Notarization is not required.
Average private-party yacht prices range from $50,000–$500,000+. Project Vehicle vehicles typically fall in the lower range. The most common makes are Sea Ray, Beneteau, Boston Whaler, Grady-White, Viking.
Require a professional marine survey before purchase — standard practice for vessels over 26 ft Inspect engine hours, service records, and oil analysis reports
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