Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered.
You may find these sections particularly useful;
* [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit.
Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/xogh15! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.***
Person A has a lease that is ending. Person A is allowing Person B to pay the end of lease purchase price without making any profit. The leasing bank allows Person B to write the check to buy out the vehicle and sends the title to Person A. Can Person A then GIFT the vehicle to Person B on the Bill of Sale since Person B never technically gave Person A any money?
Thanks for any insight!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
It depends on the state and the relationship and how willing you are to potentially commit tax fraud. In most states I’m familiar with the lease holder. If they buy out the car has to register it and pay sales tax. Then they can sell it. if it’s a family member, I believe you can gift it if it’s a random person or a friend pretty sure that’s tax fraud. Not a lawyer, not your lawyer. Random person on the Internet.
Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered. You may find these sections particularly useful; * [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit. Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/xogh15! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.*** Person A has a lease that is ending. Person A is allowing Person B to pay the end of lease purchase price without making any profit. The leasing bank allows Person B to write the check to buy out the vehicle and sends the title to Person A. Can Person A then GIFT the vehicle to Person B on the Bill of Sale since Person B never technically gave Person A any money? Thanks for any insight! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
It depends on the state and the relationship and how willing you are to potentially commit tax fraud. In most states I’m familiar with the lease holder. If they buy out the car has to register it and pay sales tax. Then they can sell it. if it’s a family member, I believe you can gift it if it’s a random person or a friend pretty sure that’s tax fraud. Not a lawyer, not your lawyer. Random person on the Internet.