FL does not from what I could find.
Iām sure any half-smart bank knows itās a sellers market for cars so they have no motivation to lower the price.
And any lower price is independent of the tax situationā¦ one should look for a legal way to avoid double taxation regardless of purchase price
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Thatās an interesting one. Iāve never seen that done before. Iāve seen cosigners added midlease with other services, but not with Chase itself.
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I think @EC99 has the most viable solution, gift tax is not at issue here since itās not a gift anyways.
Question nobody asked (yet) - are you sure you actually want to buy a used RR? My friendās leased Velar was put out of itsā misery (totaled) four months prior to lease end. All my friend said was (paraphrasing) - please kick me in the nuts if I ever want to lease another RR. That POS left him stranded 6 times in little over 2 years. FWIW, he replaced the Velar with an Aviator.
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Adding you to the car seems to make the most sense as others have stated but spitballing hereā¦
With gifting, itās up to a dollar amount like most the tax exemptions. So couldnāt they purchase it, gift it to you, and only 26k of the 40k would be taxed? I could be speaking out of place tho I donāt have dependents/kids so my experience is limited compared to the others here.
I could be wrong wouldnāt be the first time 
heck if two parents gift you $14k each theyāre tax free essentiallyā¦Too bad they canāt give you half a Velar each 
The end goal is to buy it for a specific amount. Why does it matter how you get there?
The gift tax, even if applicable, does not usually lead to actually owing any tax. For a gift above the 15K exclusion, the excess is applied against the gifterās $11.58 million lifetime exemption. So unless the gifter has already made lifetime gifts (in excess of the annual exclusions) of more than $11.58 million, no gift tax is owed.
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Do I really need to explain this? The goal is to save money. Who would look at twice the savings and say āIām good, Iāll only take one.ā
But this talk of lower purchase price is all moot. Calling Chase to say ācan you lower the purchase price so I can save on double taxationā will get the OP laughed off the phone.
Government taxing every time the same asset changes hands is very unfair in my opinion and borderline robbery in OPs situation. This is one of the rare times California got right : No sales tax within 10 days of lease buyout and resellā¦
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Gotcha that makes sense, thanks for that breakdown 
You are over complicating this. He is fine paying $37k plus $3k in taxes. If he can somehow get a $3k discount to make up for the $6k in taxes he would be happy.
Would chase possibly give him a $3k discount so they donāt have to deal with the lease return? I have no clue, but doesnāt seem far fetched, chances are they end up selling it to a dealer for a discount either way.
Editā After looking at what these cars are selling for used, I agree there is a slim chance he gets a discount.
I had three Chase leases, so Iāll save you 108 months on shenanigans across a couple different brands:
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This comes up a lot here. The captive wouldnāt renegotiate the terms of a buyout to their detriment.
Makes zero business sense.
āHi, mr. banker, I know I agreed to our terms back when we signed, but now I donāt want to spend any money, I demand that you take a bigger loss on the car than previously agreed!ā
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