Hackrs, tried searching the forum without luck on this scenario. I am in PA with an early Covid era 2020 V60 CC lease where I stacked loyalty, first responder and MSDs to get a phenomenal deal ($309 DAS and $309 a month including tax)
I have about $8000 of equity in the car, so thought I should take advantage of the situation. For anyone who has gone through the process of doing a buy out in Pennsylvania a couple of questions I wasnt able to get confident answers from Volvo Financial Services on:
I paid $1750 in MSDs at the start of the lease. Does the lease buyout pay off quote on Volvo’s website reflect the MSDs being applied to the pay off or do they get refunded back to me separately?
Does the lease buyout pay off quote include sales tax on the residual amount?
If not, is it possible to not register the car and sell it to a third party before paying the PA sales tax?
Not sure about Volvo but Infiniti said I had to bring my car to a dealership to buy it out. When I went they gave me a quote and it was lower than my online pay off doc. The reason was that MSDs were being applied to the buyout price but the dealer did not state that initially. Just make sure to review before signing if you choose to buy out.
There’s absolutely nothing that can be done here other than you buying the car and selling it. Not even a volvo dealer can buy it, unless you get another car from them. You’re going to be spinning your wheels with Carmax before they tell you they cannot buy the car.