Nice congrats and thanks for sharing. Do you remember how you signed the title over? When I received my title from VW, it still had their name on it. They used signed the back to me. CarFax needed the title transfered in my name.
I asked the guy from CarStub about having to get the title transferred in my name, he told me it wasnāt necessary. He said to just sign the title, everything else was taken care of. Once I signed the title and gave him the keys, he paid me on the spot.
Very cool. When you received the title, (i) was it in your name already or (ii) in VWās name and signed to you on the back or (iii) in VWās name and not signed to anyone?
Just curious how how the title was signed off. I talked to someone who said you can use another space on the back of the title if there are multiple transfers.
I believe it was (iii) I remember it still had VW on the title, but when Carstub showed up, he pointed to where I had to sign and the deal was done.
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Iām very glad I found this thread. I bought out my wifeās GTI as we had a lot of equity in it and only afterwards did I find out that Vroom, Shift and Carvana all wanted the title to be in my wifes name which would mean cutting a big check to the state of CA for the pleasure of just passing it on to a 3rd party seller. I also tried Carmax to no avail. Once I found this thread I contacted CarStub and they offered me $500 less than Carmax, BUT, they would take the title as is which meant no waits and no paying taxes to CA. The appraiser came out within an hour from me calling them and after reviewing the car cut me checks for the total amount.
Also just to clarify, VW name was still on the title but it was of course signed so we could transfer it directly to CarStub.
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Sorry to bump an old thread. But since Iām also in the middle of a lease buyout resale with an eGolf in California, I figured Iād ask my question here
I started this process earlier this month with a very cooperative private party buyer for my egolf. The positive equity is about $3000
I received title from VW credit on 3/22, however they date on the title says 3/18.
My buyer is picking up the car tomorrow 3/30) so i hope the 10 day grace period starts from when I received title on 3/22
The challenge I have is i just now notices that the title from VW credit lists my purchase price. My buyer will obviously see this when I hand over title to them. I hope it doesnāt cause the sale to fall through. Can I scratch out the dollar amount on the title? Iām not sure that will help as it will look like I am trying to hide something.
Iām somewhat in a panic because I want the sale to go through, and I donāt want to pay the use tax. Any pointers on how I move forward?
Just say that was your payoff, but you paid quite a bit down to get it there. Like if you did a one-pay and the payoff is just the residual, etc. or if you financed it and didnāt have many payments left.
This is indeed a very informative topic.
There may be a leeway based on what few other people documented here: California sales tax on lease end buyout - be educated! | Inside EVS Forum
GHTech is correct about minimal driving of the vehicle once you have the title in your possession. If you canāt sell the vehicle within 10 days, you will need to record any miles required to sell the vehicle (e.g. prospective buyer test drives), and then complete a form from the California tax authorities.
Iām in the process right now with my ID4. The issue Iām having is how to effect the lease buyout without paying the use tax theyāve baked into my payoff quote. Are you all referring to the use tax on the residual and just paid the payoff use tax? Were you able to successfully get VW to remove the taxes they were including in the lease payoff? Or is there a process to get those use taxes refunded?
Basically, Iām one month into my lease and my payoff is $39,8xx.xx. Vroom is offering me $39K. My payoff is including $1600 in taxes on the $18K of payments I wonāt be making but isnāt including any taxes on the $22K residual. Unless Iām reading this wrong it seems like Iād still owe DMV taxes on the residual if I was to keep/title the vehicle.
What state are you in?
Sorry, Iām in CA. I thought this discussion was specific to CA so I didnāt specify 
Does anyone know what kind of title VW will send me if I pay it off? Is it just their title released to me or is it a title in my name that I can sign to someone else?
So if Iām reading this correctly - I canāt use CarMax for this as Iād have to drive it there which is considered personal use?
You should be fine. Apparently the CDTFA is OK with some miles as long as you document that theyāre being added to support the sale of the car (test drives, etc). Even by the most conservative standard, driving the car from your house directly to CarMax to deliver the vehicle would be considered a trip in support of the eventual sale. I wouldnāt worry about this at all.
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I just received the title (CA) from VW Leasing and they signed line 1a, line 2, and filled out the odometer reading and signed as seller. They also put my name on the back as the new owner/buyer with the sales price. How do I sign it over to a new buyer or can I just provide the title without signing it and a REG-262? I only have a few more days to sell it before the 10 day period is over. Also, my buyer is from out of state.
Hello. Can you update what happened with your sale? How did you transfer to the other buyer?
How long did it take to receive the title after mailing them a check?
In the buyerās state, they just needed a power of attorney. So nothing on the title needed to be updated/signed. I just went to a notary to get a Power of Attorney form provided by their stateās DMV and they took that to their DMV to register it. In CA, just filled out the Notice of Transfer and Release of Liability. Also filled out a REG-262 also to document the sale, odometer, etc.
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I overnighted the payment and also paid for it to be overnighted back. It took 17 days once they received the payment. It arrived 3 days after they had signed the title leaving 7 more days to sell the car within the 10 day period.
Thanks a lot for the details. Did you also apply for CDTFA-111 approval as per the original post in this thread?