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Re: Buying Out a Lease Vehicle---Anything to Look Out For? [Re: B3422W5] #3128441
03/11/23 02:31 PM
03/11/23 02:31 PM
Joined: Sep 2003
Posts: 19,426
north of coder
moparx Offline
"Butt Crack Bob"
moparx  Offline
"Butt Crack Bob"

Joined: Sep 2003
Posts: 19,426
north of coder
Originally Posted by B3422W5
Originally Posted by massdaytona
i have another lease expiring in june... n yesterday it was reported that used car prices on their way back up - up 4% last month...


I buy cars weekly( I am a dealer), I haven’t seen anything but consistently high prices for well over 2 years now




i used to be in the business years ago when i owned a junkyard, so i try to keep up with today's trends, and i see the same thing.
if i can find something to do a little work on and flip, i jump on it. super, super, hard to do these days.............
beer

Re: Buying Out a Lease Vehicle---Anything to Look Out For? [Re: moparx] #3128471
03/11/23 03:46 PM
03/11/23 03:46 PM
Joined: Mar 2012
Posts: 344
Ohio
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billohio Offline
enthusiast
billohio  Offline
enthusiast
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Joined: Mar 2012
Posts: 344
Ohio
I was thinking in Ohio you could transfer a vehicle to a family member and not pay sales tax. Maybe a cousin wouldnt qualify??

Re: Buying Out a Lease Vehicle---Anything to Look Out For? [Re: massdaytona] #3128871
03/12/23 09:55 PM
03/12/23 09:55 PM
Joined: Jan 2003
Posts: 11,713
Portage,michigan
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B3422W5 Offline
I Live Here
B3422W5  Offline
I Live Here
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Joined: Jan 2003
Posts: 11,713
Portage,michigan
Originally Posted by massdaytona
Originally Posted by B3422W5
Originally Posted by massdaytona
i have another lease expiring in june... n yesterday it was reported that used car prices on their way back up - up 4% last month...


I buy cars weekly( I am a dealer), I haven’t seen anything but consistently high prices for well over 2 years now


i have a 2020 infiniti qx60... u know the one that looks like a hearse.... its the cheap one...black,17k miles, no dings/scratches etc... the buy out is a touch under 25k.... make me an offer... dealers don't pay any sales tax...


Nothing I would be interested in. We deal primarily in 10k to 20k Subaru stuff. They sell real well up here.
For what your car is worth, I can buy/ sell several cars, with same money tied up.

If your car is the LUXE it’s doing 32k-33k ish at dealer auctions in good shape with those miles..assuming AWD….PURE?….A little less

Last edited by B3422W5; 03/12/23 09:57 PM.

69 Dart GTS A4 Silver All steel, flat factory hood, 3360race weight
418 BPE factory replacement headed stroker, 565 lift solid cam
Best so far, 10.40 @127 1/4
1.41 best 60 foot
6.60 at 103.90 1/8

Re: Buying Out a Lease Vehicle---Anything to Look Out For? [Re: B3422W5] #3128932
03/13/23 08:07 AM
03/13/23 08:07 AM
Joined: Jan 2006
Posts: 544
boston mass-moving to long isl...
M
massdaytona Offline
mopar
massdaytona  Offline
mopar
M

Joined: Jan 2006
Posts: 544
boston mass-moving to long isl...
yep lux... awd... i'll start shopping it around in april...

Re: Buying Out a Lease Vehicle---Anything to Look Out For? [Re: massdaytona] #3131254
03/21/23 09:28 PM
03/21/23 09:28 PM
Joined: Sep 2003
Posts: 6,111
Detroit
Kidsixpack Offline
master
Kidsixpack  Offline
master

Joined: Sep 2003
Posts: 6,111
Detroit
My neighbor recently bought his buddies lease! All he had to do was ad his name to the lease and he was able to purchase the truck. I had no idea this was possible and I have no idea if it's doable on a GM lease.
KID

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