# Volvo Early Lease Buyout by Dealer **URL:** \ **Category:** Ask the Hackrs\ **Tags:** suv, pa, volvo\ **Created:** [March 2, 2022, 12:53am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803 "2022-03-02T00:53:07Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Lizbethmcq](https://leasehackr.b-cdn.net/letter_avatar/lizbethmcq/32/5_5575768a8748004e209b776fc1b2916d.png) [@Lizbethmcq](https://forum.leasehackr.com/u/Lizbethmcq)\ **Post date:** [March 2, 2022, 12:53am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/1 "2022-03-02T00:53:07Z")
So I have a 2020 Volvo XC60 lease, I’ve made 21 of 36 payments, my husband and I have decided to drop to one car, his as its a hybrid and gets much better gas mileage. Of course their are no third party buyouts of Volvo leases, but if I understand correctly I can go to a Volvo dealership to buy it out. I called my local Volvo dealer and they are telling me that they have to pay PA sales tax on the buyout- but I thought dealers are considered resellers and as such don’t have to pay sales tax? Am I wrong on this? Car has 16,100 miles - payoff is $38k - excellent condition, they offered me $42k which seems low to me - your thoughts? Edmunds trade value $44,541 Private party value $47,571 Dealer Retail value $51,318 ---
**Author:** ![Ursus](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/ursus/32/4944_2.png) [@Ursus](https://forum.leasehackr.com/u/Ursus)\ **Post date:** [March 2, 2022, 12:58am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/2 "2022-03-02T00:58:04Z")
They can’t buy your car, but they can do your buyout. Hence the sales tax. i.e. they facilitate your purchase and then buy the car from you. ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [March 2, 2022, 12:59am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/3 "2022-03-02T00:59:45Z")
> [@Lizbethmcq](#): > > your thoughts? > > Edmunds trade value $44,541 > Private party value $47,571 > Dealer Retail value $51,318 None of these are meaningful in your comparison so forget they exist. What will the car buying services pay for your Volvo once you buy out your Volvo and pay the tax on it? > [@List of places to sell or value your car online](https://forum.leasehackr.com/t/list-of-places-to-sell-or-value-your-car-online/396451/): > > For the quickest results: Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup. Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to. Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially. In alphabetical order: Buyer Name Direct Link Review Link AutoCo… ---
**Author:** ![Lizbethmcq](https://leasehackr.b-cdn.net/letter_avatar/lizbethmcq/32/5_5575768a8748004e209b776fc1b2916d.png) [@Lizbethmcq](https://forum.leasehackr.com/u/Lizbethmcq)\ **Post date:** [March 2, 2022, 8:18pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/4 "2022-03-02T20:18:13Z")
Thanks @Ursus and @jeisensc for your replies. So I was told by Volvo Financial that they don’t charge the sales tax, just the buyout of the car. So at what point do I pay the sales tax, if VF issues the title in my name, why can’t I just sell it to whomever and have them pay the tax at the transfer to them? ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [March 2, 2022, 8:50pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/5 "2022-03-02T20:50:54Z")
VF doesn’t issue titles. They can sign over their title with your name in the “buyer” field. You’d need to take that to the DMV to get the state to issue a title in your name. ---
**Author:** ![HersheySweet](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/hersheysweet/32/201247_2.png) [@HersheySweet](https://forum.leasehackr.com/u/HersheySweet)\ **Post date:** [March 2, 2022, 8:57pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/6 "2022-03-02T20:57:53Z")
Hi Central PA here! Sooo, with a VFS lease you’d send the payoff amount to Volvo, then owe 6-9% (depending on your county of residence) to the DMV when you go to transfer the title into your name. > [@Lizbethmcq](#): > > if VF issues the title in my name, why can’t I just sell it to whomever and have them pay the tax at the transfer to them? Because you haven’t yet gotten the title, they just signed their part to transfer ownership, and you’re getting close to a crime called floating a title. Did we chat in July 2020 about this? In recent times, Volvo does not allow leases to be purchased by Volvo dealers unless in a trade - so your Volvo lease you have only one option to take advantage of that equity; purchase and pay tax on the lease buyout then resell to anyone you please. I recommend getting a quote from Carmax, skip Carvana and Vroom IME. ---
**Author:** ![Lizbethmcq](https://leasehackr.b-cdn.net/letter_avatar/lizbethmcq/32/5_5575768a8748004e209b776fc1b2916d.png) [@Lizbethmcq](https://forum.leasehackr.com/u/Lizbethmcq)\ **Post date:** [March 3, 2022, 4:32pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/7 "2022-03-03T16:32:37Z")
Hi @HersheySweet yes we did talk about this, you suggested I contact Keystone Volvo and that is where I got my car (thank you very much). It really is a great car, we just don’t need two cars with us both working from home and my husband out of the country for long stretches of time. So I’m trying to figure out the process to get out of it. The best offer I have received is from “Driveway” have you heard of them? ---
**Author:** ![Ursus](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/ursus/32/4944_2.png) [@Ursus](https://forum.leasehackr.com/u/Ursus)\ **Post date:** [March 3, 2022, 6:01pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/8 "2022-03-03T18:01:41Z")
> [@Lizbethmcq](#): > > you suggested I contact Keystone Volvo Keystone, huh @HersheySweet? 🤔 ---
**Author:** ![HersheySweet](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/hersheysweet/32/201247_2.png) [@HersheySweet](https://forum.leasehackr.com/u/HersheySweet)\ **Post date:** [March 3, 2022, 6:19pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/9 "2022-03-03T18:19:52Z")
This was like July 2020. I suggested hitting up Keystone and dealers in NJ and DMV as well. ---
**Author:** ![deaddog](https://leasehackr.b-cdn.net/letter_avatar/deaddog/32/5_5575768a8748004e209b776fc1b2916d.png) [@deaddog](https://forum.leasehackr.com/u/deaddog)\ **Post date:** [March 4, 2022, 2:54pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/10 "2022-03-04T14:54:24Z")
I’m confused. Based on my reading, I thought that I have to pay sales tax on the payoff number if I buy out my lease early. But VCFS just told me that my “payoff” number (Illinois, at month 33 on a 36) _includes all sales tax_. I pushed back hard and she repeatedly confirmed that the payoff number includes all sales tax and that I will not have to pay anything to the State. FWIW, in IL, lessees are now taxed only on the value of the payments unlike years past when we were taxed on entire value of car (like TX). ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [March 4, 2022, 2:57pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/11 "2022-03-04T14:57:30Z")
> [@deaddog](#): > > Based on my reading, I thought that I have to pay sales tax on the payoff number if I buy out my lease early. But VCFS just told me that my “payoff” number (Illinois, at month 33 on a 36) _includes all sales tax_. Sounds like they’re taking the payoff and then adding sales tax, so you are paying sales tax on the payoff. ---
**Author:** ![deaddog](https://leasehackr.b-cdn.net/letter_avatar/deaddog/32/5_5575768a8748004e209b776fc1b2916d.png) [@deaddog](https://forum.leasehackr.com/u/deaddog)\ **Post date:** [March 4, 2022, 3:16pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/12 "2022-03-04T15:16:22Z")
Let me clarify. I know that sales tax is owed on a lease buyout. I did not think that the VCFS offficial “payoff” number _included_ sales tax. But VCFS claims that it does and that I won’t owe any additional sales tax to the state. I’d like to know whether the VCFS rep is correct before I pull the trigger. ---
**Author:** ![YabbaDabbaDan](https://leasehackr.b-cdn.net/letter_avatar/yabbadabbadan/32/5_5575768a8748004e209b776fc1b2916d.png) [@YabbaDabbaDan](https://forum.leasehackr.com/u/YabbaDabbaDan)\ **Post date:** [March 4, 2022, 3:53pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/13 "2022-03-04T15:53:15Z")
I had also just called VCFS, Im in NJ and they stated the sales tax is already included in the payout. ---
**Author:** ![Sebring017](https://leasehackr.b-cdn.net/letter_avatar/sebring017/32/5_5575768a8748004e209b776fc1b2916d.png) [@Sebring017](https://forum.leasehackr.com/u/Sebring017)\ **Post date:** [March 4, 2022, 4:10pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/14 "2022-03-04T16:10:40Z")
I just paid off my Volvo. I downloaded the payoff form from the Volvo financial site and it states sales tax is included. It may vary from state to state but in Florida its included. Have you gone to the site and downloaded the form to pay it off? ---
**Author:** ![Lizbethmcq](https://leasehackr.b-cdn.net/letter_avatar/lizbethmcq/32/5_5575768a8748004e209b776fc1b2916d.png) [@Lizbethmcq](https://forum.leasehackr.com/u/Lizbethmcq)\ **Post date:** [March 4, 2022, 6:27pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/15 "2022-03-04T18:27:00Z")
In PA its not included in the payoff. So it must be by State ---
**Author:** ![Malleymal](https://leasehackr.b-cdn.net/letter_avatar/malleymal/32/5_5575768a8748004e209b776fc1b2916d.png) [@Malleymal](https://forum.leasehackr.com/u/Malleymal)\ **Post date:** [March 25, 2022, 1:26am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/16 "2022-03-25T01:26:44Z")
I am in the process of buying out my Volvo lease xc60 2020. The amount of payoff includes taxes. Doing it in a couple of days. ---
**Author:** ![LH1](https://leasehackr.b-cdn.net/letter_avatar/lh1/32/5_5575768a8748004e209b776fc1b2916d.png) [@LH1](https://forum.leasehackr.com/u/LH1)\ **Post date:** [March 27, 2022, 8:19pm UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/17 "2022-03-27T20:19:07Z")
So for NJ, tax is already part of buyout? When you receive the title and go to update the title, the DMV will not ask for the sales tax as that is already collected? ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [March 28, 2022, 1:12am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/18 "2022-03-28T01:12:21Z")
You will need to show proof that sales tax was already collected. ---
**Author:** ![Malleymal](https://leasehackr.b-cdn.net/letter_avatar/malleymal/32/5_5575768a8748004e209b776fc1b2916d.png) [@Malleymal](https://forum.leasehackr.com/u/Malleymal)\ **Post date:** [March 28, 2022, 1:23am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/19 "2022-03-28T01:23:18Z")
Yea, they will see that taxes were already paid. I’ll let you know if anything different happens, but that is what Volvo told me. They broke down the entire amount with taxes included. ---
**Author:** ![system](https://leasehackr-assets.b-cdn.net/original/3X/f/7/f76e5433b417879e07ad6f0cee47e239c8f1cdd4.png) [@system](https://forum.leasehackr.com/u/system)\ **Post date:** [May 27, 2022, 1:23am UTC](https://forum.leasehackr.com/t/volvo-early-lease-buyout-by-dealer/409803/20 "2022-05-27T01:23:36Z")
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