My sisters lease is up, Carvana and Carmax offered similar numbers she has around 5k in equity. My question is with her Buick leased through ACAR does she need to purchase the vehicle to sell it off to them? I ask because then she would be on the hook for Michigan 6% sales tax as that isn’t included in the lease end buyout price correct? Whereas just handing it off we wouldn’t? Also are we going to have to wait a while on the title?
Do I have those right?
Thanks for any help my apologies for the ignorance!