In Reply to: End of Lease posted by MelK on September 20, 1999 at 15:39:23:
yes, tax is paid twice...you pay tax on the payoff amount when you buy it from the lease company, and your buyer pays tax on the price you give him. This is true in all states except CA I think. To avoid this, find a dealer that will do a courtesy trade (some will, some won't). The dealer buys your car for the payoff amount and pays no tax, then turns around and sells to your buyer at your asking price....you get the difference. The dealer will charge you a nominal fee ($100 in my case). BTW, a dealer is more likely to do this if you are purchasing/leasing another car from them. Also, it does not have to be a BMW dealer.