Lease trade in question
Lease trade in question
I am close to making a deal to get out of my 05 G35 coupe. My buyout if I were to purchase it myself in Florida is 22,000 and change which includes taxes and early termination fee. The dealer however was quoted a higher buyout of 23,000. The dealer is willing to give me 22, but not 23. Therefore in order to make the deal work I cannot have the dealer buy the car directly from the leasing bank, but rather I have to purchase the car and then immediately sell it to the car dealership. I have never experienced a lease where my buyout differed from the amount the dealership would have to pay. My question is this: Would it be possible for me to avoid paying the Florida Sales Tax if I purchase it from the bank and then immediately sell it to the dealer? It seems silly that I have to pay sales tax when it is being sold to the dealer right after that. In fact whenever the dealer buys the car directly they don't have to pay sales tax meaning this would allow them to pay even less for my car and I still would not be upside down. Sorry about the rambling, but if anyone has any insight it is greatly appreciated.
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johnadlertech
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Sep 1, 2015 08:15 PM




