Quote:
Originally Posted by ajrettke
Hmm so it does seem if you work something out with a person who's ending their lease you could offer to buy it out from them...give them a check for the buyout amount, they buy it out and give you the title...
The reason I ask is I would love to buy a vehicle outright around the lease residual...with say 2-3 months left, pay the leaser the buyout plus 1k or so....good deal for both people, they get a small chunk of change for their next lease and I'd get the vehicle at a decent price too....
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You would need to pay tax a second time when Title was transferred to you.