If it is still a LEASE, the answer is no. Until you pay the $2-3k in TTL, they will not let you do anything except trade it in for another Volvo…that’s about it.
You got a Volvo, the most restrictive Lease in current existence. Well except some BMWs which are guaranteed to be underwater on. Oh and Tesla which doesn’t let you buy it out.
No, you can’t. As others said before - only if you buy another Volvo. But if you do get another Volvo, then you don’t pay tax.
You can tell that to the dealer only if you buy or lease another Volvo from the same dealer. Otherwise, dealer will just laugh at you.
Got it! Ok, so I am down to 2 options really - 1) work with dealer to get a better deal on my next Volvo, 2) buy the car and do whatever I want with it. is that accurate?
by the way, thanks for all your responses, very helpful!!
Yup, and Option 2 usually includes Tax Title and License fees…
After 26 posts and 20 answers you are back to your original post? Seriously?
Another question. My payoff amount is $38,138.06 according to Volvo Financial. Payoff should include residual $34K + 1 monthly payment remaining $575 + fee for purchase $350. What is the $3K difference, are they adding tax? Do I pay tax to Volvo Financial when buying the car, I thought I pay it at DMV?
I see that most folks are selling their cars to Carmax and alike, but anyone tried selling cars to private party recently? What’s private market like?
I have about $3K equity in my car if I sell to carmax or similar place, but according to KBB maybe $8K if I sell privately.
But not sure what the market is like, and if I want to deal with scammers, etc. (KBB value $45K).
You cant sell a lease to a private party.
you should sell it to KBB.
I don’t recommend. They picked my car, and i am still waiting for the check !!!
Yea. I will buy it first, then sell. I am just curious if I should sell to a place like CarMax or private sale on autotrader etc. I last sold on auto trader years back and it was a $4K car. This is $45K car (according to KBB private party estimate). So wondering what the private sale market is like… or people generally buy from dealers these days?
sales tax is included
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.