DirkGOAT10
DirkGOAT10 OP t1_j6izlkk wrote
Reply to comment by Jaded-Wolverine-686 in Buying Out Mothers Auto-Loan by DirkGOAT10
Apologies,The lease is through Toyota.Basically she can "buy" the car for 18k, and then sell it to Carmax for 22k.
DirkGOAT10 OP t1_j6izkxh wrote
Reply to comment by nails_for_breakfast in Buying Out Mothers Auto-Loan by DirkGOAT10
Apologies,
The lease is through Toyota.
Basically she can "buy" the car for 18k, and then sell it to Carmax for 22k.
DirkGOAT10 OP t1_j6fxy99 wrote
Reply to comment by [deleted] in Buying Out Mothers Auto-Loan by DirkGOAT10
I feel so silly - Quick google search shows Carmax will in fact buy your car even with a loan attached.
Thanks so much. So sounds like I would only need to do the whole process if i try to sell to a 3rd party
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.