I’m nearing my lease end on my 2018 CR-V (December 2021).
Went in for an oil change today and the Honda dealer offered me a good price well above buyout. I was planning on buying the vehicle at lease end myself and then selling to Carmax/Carvana due to these insane used car values.
Does anyone know if you have to pay sales tax if a Honda dealer purchases your leased vehicle? Obviously I have to pay sales tax if I buy the vehicle out myself in order to resell, but unsure if a Honda dealers buys it out from Honda Financial.
If I still have to pay sales tax, then the Carmax/Carvana route will net me more cash due to their higher offer.
Curious if Carmax/ Carvanna can even buy your car with the new policy change. From what I am reading Honda Finance is only allowing Honda dealers to buyout leases.