Hi I have looked thoroughly here and this topic has not been discussed. In CA, you are allowed to payoff your leased car in order to resell it without paying taxes on the payoff IF you can sell it back and to a third party which would need to register the car within ten days of the original lease…

Because taxes are triggered when you go to the DMV and apply for a new title, you don’t have to go through CDTFA if you sell to a dealer that is able to accept the lessor released title. The problem (which I learned the hard way) is that many of the online dealers (Vroom, Carvana, etc.) will not pro…

You aren’t getting anything from DMV. The refund comes directly from CDTFA.

[image] savington: The refund comes directly from CDTFA Same thing DMV = California Government, CDTFA = California Government. They are going to not want to give money away.

Agreed that California is money thirsty vampires when it comes to taxes but in keeping to topic, I’ve actually had fairly good luck getting refunded on overpaid tax payments (non-car lease/use tax) and they even add interest payment to it… I happen to consider this as an “overpayment” because the an…

Following you as I am on the same boat with Fusion Auto and Credit Union. Their third party buy out quote is whopping $30800 for my 2018 JGC Limited 26K miles when my own buy out is $21K ish.

Has anyone here tried the “Maximize Value” option from https://client.mycarauction.com instead of the Cash Offer option? Here’s what it says on their site: The “Maximize Value” option is a way for you to list your car on our platform for free to see if we can get you more money than the “Sell Now…

Experience of someone who did private sale within 10 days. [image] Third Party Lease Buyout Share Deals & Tips I just thought I’d share my experience having recently gone through this with Audi and their lease buyout/transfer process. I tried to shop around my Audi as it …

Has anyone in California actually bought out their lease from the Dealer paying SALES TAX, Doc-Fee, License & Fees, sold the car within 10 days and then recouped the sales tax & fees? I’ve read all the threads where the idea is discussed but nothing is mentioned about someone actually doing it. Ba…

In the same situation as you, Nissan must go to dealer to buy out my leased Sentra. I guess they with collect all the sales tax plus some other fees.

So I sold my car to mycarauction but haven’t got the title yet froM GM financials. However mycarauction gave me full check and I was able to cash out the money. Now the question is should I give them my car or wait for the title to come? If I give the car to them who is liable from here onwards? …

I gave them the car once the payment were deposited into my MBFS account. I believe carauction will get the title from bank as that’s what they requested. I filled the dmv notice of transfer and release of liability just after they picked the car and cancelled the insurance. You can call carauction …

California 10 day tax exempt For lease buyout

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socalguy September 1, 2021, 11:53pm 112

Experience of someone who did private sale within 10 days.