Jay69 wrote:Not sure what state you are in but in our state every time the car is sold the state gets its 6.5%. Somthing to keep and eye on.
averageJoe wrote:You can have Grannie buy it at your/her price (you will have to pay sales tax again even though that was paid up front in the lease...if your state has sales tax) and then you buy it from Grannie for a buck and cost of paperwork, title etc.?
rob wrote:I would call the lease company and see if they have a better offer (I did this once a long time ago).... The last thing they really want is a car to deal with so they will sometimes make an offer that is lower then the lease purchase option - especially if it's a type of car that is lower in value then they projected like maybe an SUV or alike.
Landsman wrote:My grandmother is currently leasing a car and doesn't plan to drive when her lease is up. I'd like to purchase the car when her lease is up because the car has been garage kept and has less than 4,000 miles on it after almost 3 years of driving. Given the low miles, the car is worth more than the lease end value.
Is there a way for me to purchase the car directly or does she need to purchase the car, then transfer it to me? Any ideas on how best to do this would be appreciated. The car is a Honda Accord in case that makes a difference.
Landsman wrote:I'm in PA also. If my grandmother purchases the car (with my money), then we transfer it to me. Can't we transfer for $1 as a gift to avoid the double sales tax or would PA still expect sales tax based on the full value of the car even though it was sold for $1?
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