Lease Buy-Out from VW Credit for Residual Value, Having trouble selling to CarMax in Los Angeles, CA

[lease_buyout]

I did this exact process recently and didn’t pay tax.

I wrote down my experience here. CarMax also rejected so I sold to private party and acquired a CDTFA-111 for use tax exemption:

Third Party Lease Buyout

I recently went through a third-party lease buyout in California. I often see the question on how this is done so I wrote a quick document of my experience: I think the main one I hear is how to avoid paying sales tax twice when selling to a private party. This can be avoided (in CA) by (a) selling you lease within 10 days of acquiring the title from the lessor (b) applying and being approved for a CDTFA-111 from the CDTFA. Note, if you sell to a dealer, the leasing company transfer the ti…