In Reply to: End of Lease posted by MelK on September 20, 1999 at 15:39:23:
: I know this is premature, since I am only a year into my lease, but I was wondering if anyone had a quick answer to this question.
: Assuming all things being equal, at the end of my lease let's say the residual for my 328i is $27,000 and someone is offering me $28,000 for the car. Should I pay the residual and sell the car? I know at first glance it seems like an easy choice. But My question is in regards to tax. I will only get $28K for the car and thebuyer pays the DMV tax, but when I pay the residual will I have to pay $27K + $2K in sales tax for a total of $29K?