BTIZ wrote:

Brian... if you put down the full purchase price of the glider and trailer
on the trailer invoice.. you will be paying full taxes for the trailer on
the total sale amount. Granted the State Of Taxifornia will tax you also on
the glider. But keep in mind that some recurring registration fees are based
on "value".

In Calif, your fees are the initial registration for the trailer (which
includes sales tax), and annual property taxes on the glider. No sales
tax on used gliders in Cal, and no recurring trailer registration except
$10 every few years.


Get two sales slips, one for the trailer and one for the glider, any
reasonable amount for the trailer will work.. $500.. $1000 or so.

The less you allocate to the trailer, the more you will allocate to the
glider. So you save on up-front sales tax on the trailer, but will pay
more property tax each year. And to the extent you give an inaccurate
value (e.g., $500 for a Cobra in great condition) you may be committing
perjury.

I would suppose that Brian's Cobra trailer (mid 1990's) is worth $8,000
or so. I recently gave the DMV a $6,000 value for a 1987 Cobra trailer.



Also, some people keep their trailer insurance separate from the glider
insurance, and some don't. If you have an accident with the glider and the
insurance company totals the glider, they also take the trailer if it is
listed in the glider policy. Some people just insure the glider, and list
the trailer under their homeowners or auto insurance policy. Total the
glider and at least you have an empty trailer to put something else into or
sell to recoup some dollars.

Are you sure they would take the trailer? I pay $x for $y of glider
coverage, and $a for $b of trailer coverage. My understanding is that
these are two separate coverages. Similar to the idea that if I wreck
my car, they won't also take my wife's car which is on the same policy.

Also, I don't know why the insurance company would want to take the
trailer, since they would have to pay out its insured value. Unless
the trailer is underinsured, the insurance company gains nothing.