Private sale of Lease Purchase

[mllcb42]

@billku

GM Financial is not asking for any tax, they’re asking for the buyout amount to be sent to them.

Are you sure the buyout value they’re quoting doesn’t already include tax?

This is the thread you want to pay attention to in detail:

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…