Why is documentation better than state registration?
- The Department of Motor Vehicles purges its records after 4 years. This is a problem for persons who may have the need to obtain complete chain of title since records are not available.
- State registration is simply a local taxation process much the same as automobiles, and has no federal validity in changing the flag or nationality of ownership for Customs purpose.
- You may find it difficult, if not impossible to finance your boat if it is not documented since many lending institutions require documentation.