Vehicles, boats and trailers on California form FL-142

What to capture

• Year, make, model and identifier
• Current value and source
• Loan balance and valuation date
• Lease status
• Possession and title

The failure mode to catch

Treating a leased vehicle as an owned asset or forgetting the loan when comparing trade-in values.

Keep the source date and any uncertainty visible. A reviewer should be able to distinguish a supported figure, an estimate, an unknown value and an affirmative statement that no such property exists.

Documents that usually resolve it

• Title or registration
• Current loan or lease statement
• Supported market valuation

How it moves downstream

The entry should retain its form item, description, value date, character claim and source. If it enters the community division, it must flow into the face-value total. If it cannot yet be valued, it should remain visible outside the negotiable pool rather than disappearing.

A second disclosure may describe the same vehicles, boats and trailers differently. Reconcile on durable identifiers and preserve differences in date, value, debt and characterization for review.

Continue the workflow