Sharing a 2025.5 XC90 T8 Plus Hybrid Deal (7 seater) I just signed for my wife in Maryland. Seems to be one of the best I’ve seen on the website over the last few months. Appreciate everyone’s help over the years - the people on this website have helped me negotiate some great lease deals for myself as well as friends and family.
One question: Does anyone know if there’s definitive answer on whether Maryland requires you to hold the car for 6 months before buying it out in order to get the excise exemption (in other words, not having to pay sales tax again)? Md Code, Trans. Section 13-810(c)(11) is a bit unclear. Thanks!
“(11) A vehicle transferred to a lessee who exercises an option under a vehicle leasing agreement for an initial term of more than 180 consecutive days to purchase the leased vehicle at the end of the lease.”
What was the equity value of the trade? How much did the value the trade and how much was the payoff?
I ask because these are questions that will help you correct your calculations as well as decide between the two paths (finish the lease and return vs. buy out).
