Quote:
Originally Posted by zenmaster
there are likely additional fees with leasing.
You can not sell your lease unless you buy it. In my state, if you buy your lease, you are double taxed. So not necessarily a smart idea.
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You are right, there could be fees that I am not aware of then...
For selling the car, it is indeed state specified. In some state, I was told you don't need to pay tax if you buy and sell the same car within 10 days. In CA, I sold mine directly back to the original dealership and since they have a wholesale license, I don't get taxed since I don't need to register the car under my name at all.
I am guessing it also depends on BMW finance then, since I was told Audi Finance have a different (higher) buy off price when you sell it to the dealership but luckily Porsche Finance does not.