How to payoff lease and buyout and is there any salestax?

[bibi]

I have a Hyundai sedan
I am at the end of my lease and can’t find anything decent to lease in California.

So I think I will have to Payoff the lease and buy it out from Hunday Financial.

I wanted to sell it to Carvana but they don’t work with Hunday Financial. So I will have to buy it from Hunday before I can sell it to Carvana

I might as well keep the car for a a couple months or a year.

I am in California.
Anyone saw a post of how to deal with Hyundai financial, to pay it off

Do they offer car loans to payoff a lease?

Do I have to re register my car? I still have a valid registration for few months.

Do I have to pay sales tax ? Are they just going to send me a bill or I have to figure it out?

I apologize for lots of questions but I am really lost.
Thank you

[jeisensc]

California 10 day tax exempt For lease buyout

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 leasee recieving the title form the lessor company. BUT YOU HAVE TO MAKE SURE THE CAR IS TRANSFERED TO THE NEW ONWER WITHIN 10 days. Now is the tricky part. What if I payoff the car and sell it to s deal…

You have 10 days from purchase to sell to a third party and not be liable for the tax, otherwise you owe sales tax.

The first four posts are relevant if you search for “Hyundai Buy Out”

https://forum.leasehackr.com/search?context=topic&context_id=398500&q=Hyundai%20buy%20out&skip_context=true

[max_g]

Keep it until supply/inventory/pricing gets much better. Could be a while.

Finance the payoff with an auto loan from your bank or local credit union or federal credit union like DCU, Penfed, etc.