WTR

I currently lease my 2006 TL directly from American Honda Finance Corp. A friend wants to buy my car for the payout value of the lease plus Indiana state sales tax. However, if I buy out the lease AHFC will only issue a title in my name; that means two state tax payments (one by me to purchase the car from the lease, and one from my friend to purchase the car from me). I don't want to have to pay sales tax twice. Anyone have any good ideas how I might do this deal legally and avoid that second state tax payment?

Elegant TYPE S

iTrader: (2)

Tell your friend to finance it through a bank and let the bank buy it out for him. They will be able to get a "dealer buyout price" which is tax exempt and then they will add on the tax depending on the state its going to be registered under. Most banks can do this.