Company paid Leased vehicle, with a twist!
My questions are as follows:
1. I found a car, negotiated the price down and over 36 months, it works out to about $750/mth pre-tax. I would like to keep the car at the end of the lease. Since my company is giving me $1,000/mth, can I "overpay" up to $1,000 and how does that affect the residual? I'm hoping that whatever I overpay will allow me to buy the car for cheaper at the end of the lease.
2. Since this will be a company car, how can i transfer the vehicle to me personally at the end of the lease? Since I am going to get taxed for the standby-charge over 3 years, I don't want another taxable hit when they transfer the car to me.
3. Can I have the car in both names? Personally and Company name?
I have a separate thread on trade-in values.