I’m in SoCal. I have a 2018 Chevy Traverse on a 3 year lease which is up in January. I was gonna buy it and keep it, but now my brother needs a car, so I’m going to let him buy it and I’m going to get a new lease. Buyout/residual on the car is very good vs. car value.
Can you advise on easiest way to do this transaction? E.G. Can we go his bank if he gets a loan there and ask them to help with the transfer paperwork, and let them payoff GM Financial directly?
Are there costs I will incur that I need to figure out (taxes or other fees, etc.)?
Thanks for your help. Sorry, I’m sure this is a common question but I didn’t find the answer on forum searches.