Forums

Join The Community
RegisterLogin

No Sales Tax "time-share" ?

I have heard of people time-sharing expensive boats, cars, condos does any one have expert knowledge/experience with this for DMV in CA? Living in CA but having family in Seattle, I'm wondering how to legally "time share" a Performance Sig registered and delivered to the co-owner (40-51%?) in WA (no sales tax saves 10K). Is this legal? Also, how would insurance work? I'm OK with the financial and emotional implications (what if the other guy damages the car, who pays for what, etc).

It might have to be registered to one person, with a "side agreement" contract with the other.

I haven't done it but I know of families that own fractional shares in a vacation home. Usually they use an LLC to own the property with an agreement that spells out terms of ownership. You can have as many owners of the LLC as you want.

Back when I was a kid 30 years ago fueling light aircraft at a local airport, I used to hear the owners discussing the leaseback arrangements they had.

Agree with Kroneal. The only way to do it would be to create some kind of corporation that would own the car. See a lawyer.

Yep, road rage, DUI, you caused the damage - no you did, etc. etc. I wouldn't touch something like this with a 10 ft pole!

"Living in CA", I think this means the car should be registered in CA, where you live. Sounds like you visit family in Washington state.

Going to "co-own" with them in WA? I would think that the "owner" where the car was used the most would be where it should be registered.

What do you think? Shouldn't CA residents pay sales tax for cars they use in CA?

Suppose I someone lives (residence) in state A, commutes from A thru B to C with most of the travel within B (car use), and works in C (employment).

Where should he/she register? Where should he/she pay for road repair?

;)

@ride525

As I said in the post, I want this legal and the WA owner could be up to 51%, if needed.

I'll say again, this is a question for a lawyer. Especially one that is familiar with California's draconian auto registration rules.

Mycroft;
Well, with traffic like this ...

That picture makes my skin crawl. Just looking at it makes me want to GET OUT!

The freeways are bad but this why we stay:

http://www.carolmendelmaps.com/walking-tours/la-jolla/index.html

Thanks for all the helpful comments.

JF

That's a picture which made me make a question a while a back about oxygen levels on the street level in a busy freeway. Each of those cars are sucking oxygen in at quite high rate and replacing it with mainly CO2. I wonder if some of the "road rage" cases have actually been caused by mild case of oxygen deprivation or CO2 poisoning.

BEV:s would not only make those places more silent, but I imagine a lot more "pure", like walking in a forest instead of smelling exhaust fumes of cars around you.

joefiorelli@gma... that's why I live here in San Diego.

Timo;
There is no such thing as "CO2 poisoning" at levels less than hundreds of times ambient. (CO poisoning, however, is another matter.) CO2 can suffocate you, but that's mainly an oxygen-deprivation problem; N2 would do the same if it displaced O2.

Anyone take a look at the context-menu info on that pic? Heh. It's actually from Bejing! Judging from the spacing of the cars, it doesn't look like they're travelling more than 10 or 20 mph.

;)

Depends of the definition of poisoning.

That "hundreds of times ambient" is not something that is complete impossibility when you are driving in a place like that. Natural CO2 levels are very low, but in highway where O2 is being converted to CO2 in massive scale that might happen. Or not. I don't know, that's why I'm asking. Nobody seems to know the answer.

OTOH people react to CO2 levels by breathing more. Oddly enough human brain does not register oxygen levels, but carbon dioxide levels and makes decisions based on that. Because of that suffocation is unlikely unless levels raise really high

Carbon monoxide doesn't get registered at all, so when you stop getting oxygen because CO is replacing it in the blood strem and don't produce CO2 your natural reaction to suffocation doesn't trigger. You might pass out without realizing that something is wrong, you just get sleepy and then you die. Sneaky gas.

Forget the car timeshare above, .... did not work out :(

joe;
divilish details again? I can see how they might spiral into impossible territory pretty fast.

devilish*

brianman;
My misspelluns is delibrat. (Sound effects, etc.) Divil take yez! >;)

Ok, then on behalf of the forum: everyone elses posts are also deliberate in their spelling. Maybe you can save yourself a ton of posting now. :)


X Deutschland Site Besuchen