How to Sell a Boat with a Lien: The Fast and Easy Way

If you have a boat that you need to sell and has a lien against it, don’t worry. You can still sell the boat quickly and easily.

This blog post will discuss how to sell a boat with a lien. We will provide you with a step-by-step guide on selling your boat quickly and getting the money you deserve.

So, whether you need cash or want to get rid of your boat, read on for the best way to do so.

What is Boat Lien?

A boat lien is a legal claim registered against a vessel to secure services or repairs.

When a boat has a lien against it, the owner cannot sell or transfer ownership of the vessel until the lien is released. The lien is typically released after payment of the debt has been made in full.

A boat lien can be used to secure any debt, including loans for repairs and maintenance or damage caused by another party’s negligence.

A boat lien is usually registered with the relevant government authority by the person or company who provided services for your vessel.

How to Sell a Boat with a Lien

If you’re trying to sell a boat with a lien, you probably know how difficult it could be.

Between the paperwork requirements, the cost of preparing for sale, and how long your boat sits on the market waiting for someone to buy it, we understand how frustrating this process can be.

But don’t worry, we have a solution that can make the process fast and easy for you- sell your boat to us.

We specialize in buying boats with liens, so we know how to get the job done quickly and easily. Plus, there are no hassles or headaches on your end. We take care of all the paperwork and prepare your boat for sale.

Here’s how it works:

Methods One: Post on Social Media

To sell your boat with a lien, you first need to find potential buyers. Then, you can post on social media like Facebook groups or online marketplaces like eBay and CraigsList.

After posting, wait for responses from those interested in buying it. If any buyer doesn’t meet your requirements, you can ignore them.

When a potential buyer meets your criteria, you need to check how much they are willing to offer the boat and how they will pay for it- cash or loan?

If they are paying by loan, there’s even more paperwork involved because banks have their own rules and regulations.

Once you have agreed on a price and how the buyer will pay, it’s time to start transferring the boat’s title.

You’ll need to fill out a bill of sale and have it notarized by a Notary Public. This document transfers ownership from you to the buyer.

After that, the buyer will have to take care of the rest of the paperwork, like getting a loan if needed and registering the boat in their name.

Methods Two: Sell to Local Boat Dealers

If you don’t want to go through the hassle of posting on social media and dealing with buyers, selling your boat to a local dealer is a good option.

Local dealers usually have their process for buying boats – they might come to see your boat and make an offer, or you might have to take it to their lot.

Either way, the process is usually faster and easier than selling it yourself.

When you work with a dealer, they will take care of all the paperwork for you and ensure that the boat is registered in their name. This makes the process quick and easy- you don’t have to worry about anything.

Methods Three: Asking Your Bank to Extend the Loan

The third option is asking your bank for an extension on your loan. Many banks are willing to work with customers who need extra time making payments or have other circumstances that make it difficult to pay back their loans.

If you can’t afford the monthly payment and want more time, talk with a loan officer at your bank. They can help you renegotiate how much money needs to be paid each month so that it’s easier for you to afford.

Be sure that if this is an option, it will not affect your credit score negatively in any way before choosing this method. Also, make sure there are no late fees or penalties for not making a payment.

Methods Four: Sell Online

Another option is selling your boat online. Many websites list your boat for sale and wait for potential buyers to contact you with offers.

This method will take a little longer than selling it locally, but it could result in more money because you’re reaching out to people across the country or even internationally. Plus, if you have a boat that’s in good condition, it might sell quickly.

The first step is to find websites where people typically buy boats and post your listing there. The next step would be getting some photos of the boat so potential buyers can see how nice it looks.

You should also ensure that all information about the boat is included in the listing, like how many hours it’s been used and what kind of engine it has.

When someone contacts you about the boat, be sure to ask a lot of questions to get an idea if they are serious buyers or not. If they pass your requirements, then go ahead and negotiate a price with them.

After Selling Your Boat Online, How Do I Get Paid?

How to Sell a Boat with a Lien

If you’re selling it to someone in another state, they will have to pay for shipping costs and arrange how the boat gets picked up from wherever it is located now (i.e., at a marina).

You can also choose whether or not you want the buyer to take care of the title transfer process or if you will do it. If the buyer takes care of it, they will need to fill out a bill of sale and have it notarized, just like in Methods One and Two.

If you are selling your boat to someone in another country, additional paperwork needs to be done for the boat to be brought over there.

Be sure to consult with a lawyer or someone familiar with international boat sales before moving forward with this option.

Now that you know how to sell your boat, it’s important to choose the right method for you.

Remember to do your research and know what you’re getting into before selling your boat with a lien, no matter which option you choose. It can be difficult, but it can be done quickly and easily with the right resources.

How to Collect Payment From The Buyer

If you’ve already established how much money your buyer will be paying for your boat, there are a couple of options available to you.

You can use an escrow service or hold the payment yourself until all liens have been paid in full, at which point you’ll hand over the title and other important documents.

The buyer may want to pay off the balance directly in some cases. However, if you agree with this arrangement and both parties are comfortable, it’s a great way to save on escrow fees and speed up the process further.

However, we recommend using an escrow service to hold onto payments until all liens have been paid in most cases.

This is because it’s important to protect yourself as the seller if something goes wrong.

The last thing you want is for the buyer to back out of the deal or, worse yet, stop making payments after they’ve already taken possession of your boat.

An escrow service will ensure that all payments are made promptly and that you receive the money you’re owed. It’s an added layer of protection for both the buyer and the seller, and it’s well worth the peace of mind it provides.

What Are the Benefits of Selling My Boat with a Lien?

If you are looking to get rid of your boat, then listing it for sale on the market is a good way to go. Why? Because selling with a lien can have many benefits that you may not even know about. Here are some:

  • You will be able to earn money from the sale of your boat if there is any equity in the boat.
  • You will not have to deal with making payments on your loan anymore.
  • If you sell for more than how much money was still owed, then you’ll be able to keep that extra cash.

How Do I Know How Much My Boat Is Worth?

The best way to find out how much your boat is worth is to appraise it by a professional.

Boat appraisal services can be found online or through local boat dealers. Be sure to get at least three different estimates to get a good idea of the market value for your vessel.

If you don’t have the time or money to get an appraisal, there are other ways to find out how much your boat is worth. One way is by researching the internet and finding similar boats sold recently in your area.

Another way would be going down to a local marina where they sell used boats and asking how much they would sell it for if you were looking to buy one from them today.

Another way is by checking out your local paper or boat show for sales of similar boats that were sold recently in the area; this will give you some idea about how much your vessel might go for on today’s market value (even though they may not be exactly like yours).

If available, you could also ask friends or family members how much their boats were sold for (although this will most likely give an inflated price since it’s coming straight from a confidential source).

What Should I Do If I Want to Sell My Boat with a Lien?

How to Sell a Boat with a Lien

If you want to sell your boat with a lien, the first thing you need to do is find a buyer. There are many ways to find a buyer, and you can use any method you feel comfortable with.

Some popular methods include online classifieds websites, boat trade magazines, or contacting local dealers.

Once you have found a buyer, you will need to negotiate the sale. This can be a tricky process, as the buyer may try to lowball you or haggle for a better price. It is important to stay firm and not let yourself be taken advantage of.

If the buyer agrees to your asking price, it’s time to finalize the sale. Before you do this, however, it’s a good idea to get everything in writing, so there are no surprises later on down the road.

This includes how much money they will be paying upfront and how much they owe after paying off taxes and fees at closing time.

After all of this is done and dusted, the final step will be getting rid of your boat with its lien.

There are two ways to do so: either sell it outright for cash or trade-in value towards something else that you need more urgently than a big piece of metal floating on water (such as an automobile).

If there’s any leftover money left over after paying off the debt owed on your boat with its lien, then congratulations! You’re now free and clear to sell or trade-in whatever remains at any time without worrying about how much it costs anymore.

If there’s not enough equity built up yet because you’ve only had this particular vehicle for a few months (or less), then you may need to wait until the debt is paid off in full before selling it.

This can take a little longer, but it’s well worth the wait if you’re looking to get rid of your boat as soon as possible without any headaches.

What Happens If I Don’t Pay Off My Boat’s Lien?

If you don’t pay off the lien, the lender has the right to take possession of your boat. They can also sell it to recover the money they lent you.

This can be a very costly and time-consuming process, so it’s best to avoid it by paying off your lien as soon as possible.

If you do have to sell your boat with a lien, you can do a few things to make the process go as smoothly as possible.

First, make sure that the lien is listed on the boat’s title. This will let potential buyers know that there is still money owed on the vessel.

You’ll also want to make sure that you have all the necessary paperwork in order, including the title of the boat and a bill of sale.

Finally, be prepared to negotiate. Potential buyers will likely want to pay less for a boat that still has money owed on it. Be willing to work with them to get a fair price for both parties.

Selling a boat with a lien can be tricky, but it’s not impossible. By following these tips, you can make the process as smooth as possible for you and the buyer.


We hope we have given you a good understanding of selling a boat with a lien. While it can be very stressful, other options are available to help you through the process.

If your bank decides not to pay off the loan before selling your boat and they hold onto the money from the sale, that is their fault.

It’s important to remember that when you sell a boat, the proceeds will be used toward paying off your loan first, and then any remaining balance goes into your pocket.