Audi Q3 Lease Ending... Next Sub Lux SUV Deals?

[mllcb42]

@nycbrk1985

So – if I sell to Audi, they get me the title, and then I re-sell it directly to Carvana, all in 10 days, I can keep the difference and avoid tax where? Sales tax the amount I buy it from Audi? Or income tax on the profit from selling it to Carvana?

Third Party Lease Buyout

I recently went through a third-party lease buyout in California. I often see the question on how this is done so I wrote a quick document of my experience: I think the main one I hear is how to avoid paying sales tax twice when selling to a private party. This can be avoided (in CA) by (a) selling you lease within 10 days of acquiring the title from the lessor (b) applying and being approved for a CDTFA-111 from the CDTFA. Note, if you sell to a dealer, the leasing company transfer the ti…