I’ve been looking for a specific MB ‘21-‘22 model. As I was about to pull the trigger, a buddy of mine told me his is coming up on lease end. It has all the packages I wanted plus some.
He’s happy to sell me the car. If there’s any equity once he gets payoff, we can work that out. The step I’m looking to figure out is do we need a car broker / wholesaler to help with the transaction.
context:
He is in Florida
I’m in California
If he buys out the vehicle and then I purchase from him, we both pay sales tax and is just an inconvenience to him. I was told we can involve a “third-party” who can facilitate the deal and pay sales tax only once, and pay a fee for the paperwork involved to transferring to me etc.
What does that process actually look and what is the true title of the third-party in this deal, if one actually exists.
He’s maintained the vehicle very well and it’s peace of mind knowing where pre-owned vehicle is coming from.
In theory no, however if both your friend and the car are located in FL then I’m guessing you’ll have a hard time finding a dealer in another state to facilitate.
The process is basically this:
1)Your friend finds a dealer who agrees to buy his lease for $50k and sell it immediately to you for $50k + $X, with X being the dealer’s normal doc/processing fees. In FL this will be at least $1k.
2) At the same time you’re in touch with the dealer and follow all the normal steps to buy the car and get it shipped to you
Will have to find a local dealer. KeySavvy , while great reviews, do not get involved with lease buy-outs and the whole point is to avoid my buddy paying taxes if he bought it out directly, to then sell to me. Thanks all!
