Quote:
Originally Posted by nickl630
He'd have to get the payoff quote (available in his account page online) and pay BMW that amount.
|
It's not that simple if he isn't a dealer. Only dealers can buy out a lease at the payoff without having to pay taxes. If his buddy wants to buy it there are two options:
1. He can assume the lease then pay the payoff and pay the taxes when he pays the payoff.
2. Original leasee pays the payoff and taxes, registers the car, then sells to his buddy.
Also third option noted above.
__________________
Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE
Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene)
Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)