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Lease sellers Beware! (more) (archive)

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Posted by Powered on June 21, 2000 at 21:26:33:

In Reply to: Yeah, duh... it was a bit convoluted ;-) posted by Slick///M3 on June 21, 2000 at 00:32:56:

It was fully legal and you do pay when you take ownership of the vehicle. Since he had to legally own the car before he sold it to me, when he paid off BMW finance legally he was buying the car from them first. Unfortunately BMW finance won't do what's known as a "Third Pary Transfer" which would allow me to recieve the title directly from them in any way, shape or form. And they will only let the Leasee pay off the car directly.

The only other option is to cheat the IRS and I wouldn't risk that, especially since it was bought by my company with a certified check!!


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