Quote:
Originally Posted by AlterZgo
There was a lot of wrong info when this came up in the past. It really depends on the laws of your state. In California, your friend can payoff the lease and you can sign the title over to him without paying sales taxes if the transfer is done within 10 days. Your friend would obviously have to pay the sales tax when he registers his car with the DMV. People went crazy on me in this forum when I said I did exactly this and there were no issues whatsoever with CA DMV. Of course you'd have to check the specific laws in New York for your situation.
Bottom line is, don't believe the internet as there was just plain wrong info being pushed... don't even believe what I'm saying. Use these forums as a resource and just check directly with your local DMV.
|
Good call, in CA there is this exception.
__________________
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)