Payoff lease and sell it to Carvana?

[batmam]

My Audi A4 lease is due in 3 months. I tried to sell the car to Carvana a couple of months ago but Audi quoted them more than the payoff, resulting in negative equity. At that, I have decided to keep the car until lease-end. Carvana is still offering me more than 4K on the payoff quote. But Audi will over quote them so that I don’t make any profit. Now I am thinking to pay off the car and then sell it to Carvana.

What do you guys think? Did anyone paid off and sell it to Carvana?

[TypeSH]

Yea but just realize you’ll probably have to pay sales tax on the payoff amount as it’s unlikely it can all get done inside of the 10-day window for no sales tax. Not sure how badly that eats into your $4k.

[jeisensc]

See if @Samaudibh can buy you out of it

Read up on the 10-day exemption for tax in CA

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…

LOTS of people have done this if you search

Has anyone bought out their VW lease and sold to Carvana in CA (as opposed to having Carvana do the buyout)?

The lease on my 2016 e-golf ends in early November, and I wanted to take advantage of a Carvana offer at $400 over my personal buyout amount (residual plus final payment plus a couple of bucks) now and step up to a 2019 e-golf, which they’re practically giving away here in Norcal. Today I discover that VW Credit’s dealer payoff quote was $840 over my personal payoff, and $440 over the Carvana offer, putting me in negative equity territory. Lots of forum posts here confirm that high dealer payoff…

Sold one to CARVANA!

This is kinda strange. I put my VIN for my 2018 Accord Sport 2.0T into Carvana, and the offer seemed really low. I noticed that when I selected options it had the 1.5L defaulted and I had to switch it to 2.0L. So I went back through the quote process but this time left it on 1.5L; the price was only $12 different than the first time So Carvana does not seem to recognize that the Accord Sport 2.0T trim exists. edit: Did the same in KBB website and KBB gave the same almost equivalent valu…

[kaz5]

You’ll likely pay sales tax if you want to sell it Carvana as they don’t take lessor released title (AFAIK). You can sell your car to mycarauction.com, thecartrackers.com, or carstub (for southern CA) who take lessor released title. I recently sold my car to mycarauction and couldn’t be happier. Read this for more info: California 10 day tax exempt For lease buyout - #73 by jsteele.

[Samaudibh]

feel free to contact me at 424-281-5605

[batmam]

Thanks for posting these threads here. I should have checked the forums with the keywords. I think the 10-day limit is not going to work for me. I will see what I can do…

[batmam]

I completely forgot about the sales tax. I am pretty sure its gonna eat around 70% in that 4K and yeah looks like its unlikely to get it done in 10 day window.

[xxnonamexx]

Is Carvanas instant quote the final offer? my 2018 C class has 28k buyout Carvana offered 27k resulting in negative equity. I know I have 5 months left but if I had equity I would have sold so I can look into a different manufacturer.