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It doesnt matter how long it hasnt been registered, the title is the critical piece of paperwork. If the seller doesnt have the title, you can give him money if you want, but as far as the state is concerned you still wont own the boat and will not be able to register it.
To add another owner to the title of a vehicle or watercraft, you must apply for a new title by completing an Application for Certificate of Title For A Vehicle - State Form 205, or an Application for Certificate of Watercraft Title State Form 38529, and returning the form to a license branch.
Boats are not required to be titled in Tennessee. To register a boat, you must complete a registration form, available through a County Clerks office or from the dealer that sold you the boat. Exemptions: Currently registered boats from other states that are using Tennessee water for 60 days or less.
2. What to include in a bill of sale for a boat. The names, ID information (if required), and contact details for both the buyer and the seller. The boats information, including VIN, make, model, year, and registration number. The price of the boat. Conditions of the sale, including any warranties or as is status.
Each state will have its own requirements about forms and fees, but, in general, you will be able to use your bill of sale as proof of purchase to obtain the title from the state. You may need to register the trailer separately, so be sure to check the rules for trailers as well.
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Buying a boat means plenty of fun ahead. But before you can enjoy getting out on the water, you need to be sure the sale is handled legally. To do that, you will need a bill of sale from the seller. A bill of sale legally transfers ownership and also can provide important warranties about the boat itself.
Not only is a bill of sale required by the Hoosier State, but it also provides legal protections for both the buyer and the seller. Private vehicle transactions in Indiana require a sales tax of 7 percent of the purchase price.
A boat that meets specific requirements must have a title but not all boats require titles. A small paddle boat or dingy doesnt likely need to be titled and registered, but a motorized vessel will generally need a title.

indiana boat bill of sale