Automotive

Early buyout of a lease + Selling the car

  • Last Updated:
  • Sep 10th, 2017 7:40 pm
[OP]
Jr. Member
May 7, 2007
113 posts
75 upvotes
Montreal

Early buyout of a lease + Selling the car

I have 2 1/2 done on my lease and I'm wondering the following.

I know the buyout price and I have to pay taxes on top of that amount.

What If I find a buyer on the second hand market and I go to the dealership to complete the transaction so that the buyer pays the taxes.

I want to avoid paying the taxes on the buyout and let the buyer pay it. Wondering if this is doable on a car lease.
1 reply
Deal Addict
User avatar
Jul 5, 2011
1404 posts
1149 upvotes
Toronto
This is called a 3rd party buyout and most dealers will not facilitate it.

That being said... It's not impossible. Expect to pay a higher admin fee if you find a dealer willing to do it (think $799 versus $299).
2013 Wins - $1320 - Woohoo!

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