So if you sell it to carcana how does it work?
First you should pay tax on lease payments
Then tax on lease buy out amount? Or you don’t pat tax on this part anymore?
Then tax on capital gain if you make profit with carvana?
I’m def planning on driving mine…if it ever shows up! It’s been on the “holding lot” for 2 weeks which is 2 hours from the dealership. I’m about ready to drive their myself and start pounding on doors/fences and drive it home myself!
If a 3rd party dealer buys out the lease, no further sales tax is due.
Capital gains becomes an issue if you actually make a profit, meaning the net equity exceeds your net lease cost, not that you have some amount equity.
I want one of these to keep and daily. Long thread that I should probably go back and read but what’s the best way to go about it? East coast here but willing to travel for it
@Bostoncarconcierge just posted a Sahara 4xe available in snazzberry. They are going fast so I’d reach out quickly if your ready to move. Mikes the man and will respond ASAP.