Submitted by DirkGOAT10 t3_10ooqf3 in personalfinance
DirkGOAT10 OP t1_j6njl5b wrote
Reply to comment by Jaded-Wolverine-686 in Buying Out Mothers Auto-Loan by DirkGOAT10
Thanks! So this is in Texas so tax is already paid.
Even so, I would have to disagree - An 2-3k (after fees) for my Mother would be huge for just a few weeks of keeping the car then flipping to Carmax.
Jaded-Wolverine-686 t1_j6p3ba9 wrote
All Toyota leases I have seen have excluded sales tax on the payoff. Maybe you’re think of dealer inventory tax?
Also, keep in mind that your vehicle will have to be reappraised once you actually receive the title. Turn around time is closer to a month +.
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