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Yes! (archive)

[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]

Posted by gercar on September 20, 1999 at 16:34:52:

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?




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