Lease car buyout Volvo and sell to third party

[mllcb42]

You will need to purchase it yourself before selling it.

Since you’re in CA, there is a path to avoiding paying sales tax if you’re purchasing for immediate resale.

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…

California 10 day tax exempt For lease buyout

I think what @Charlieo is saying that after you bought the lease, you own the car as the lessor sent you a lessor released title.