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Re: Help! Lease buy questions... (archive)

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Posted by GB on February 08, 2000 at 12:42:26:

In Reply to: Help! Lease buy questions... posted by thank you very much on February 08, 2000 at 01:07:14:

: I lease a 98 M3/4 manuel and would like to sell it before my lease ends to make 1k or more $$$$

: may I know how does it work ?
: do I take the buyer with me to dealer or I need to buy
: the car pay all those tax and sell to buyer and buyer pays tax again ?....
: thank you very much for your help ....

: 98 blue M3/4

have the buyer pay you the $1k+, & have him take over the lease, this releases you from paying the tax on the entire balance. He will either have to pay off the car(pay tax) or re-lease the car when the lease is up--he can even walk away from it as well--hope this helps...

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