Trading in a lease to another dealer

    • Can You Trade in a Leased Car Early to Buy Another Car ...

      until the end of the lease term, or until near the end of the term. Regardless of what the dealer promises, there are many potential problems. In the worst case, the dealer takes your old leased car, simply returns it to the lease company, and you get a huge bill from the lease company for early termination or buyout.


    • [PDF File]END-OF-LEASE GUIDE - Lease End | GM Financial

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      Examples of Trade-Ins and “Turn-Ins” With Respect to Motor Vehicle Leases November 16, 2012 2 Example 1 – Sale of automobile with no trade-in • Dealer B sells Customer A an automobile for $20,000. • Customer A does not trade in another vehicle when purchasing the automobile. • Dealer B’s taxable receipts are $20,000.


    • [PDF File]Georgia Department of Revenue - Motor Vehicle Division ...

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      in at another GM dealership, please contact GM Financial by phone at 1-800-436-1463. OPTION 2: PURCHASE YOUR LEASED GM VEHICLE You can purchase your leased vehicle at any time during your lease period, or you may do so near the end of your lease. Here’s how: 1. Contact your originating GM dealer to discuss purchase or finance options. 2.


    • [PDF File]Tax Information for Motor Vehicle Dealers

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      period after vehicle turn-in. Call a Lease-End Advisor or visit your dealer for details. Maturity Date The date when your lease contract ends and vehicle must be turned in. Purchase Option The option to purchase the leased vehicle typically at the scheduled end of the lease term for a fixed price plus a predetermined purchase option fee.


    • [PDF File]Motor Vehicle Purchases/Leases - New Jersey

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      Florida Department of Revenue, Tax Information for Motor Vehicle Dealers, Page 3 Retailer - Every person engaged in the business of making sales at retail or for distribution, or use, or consumption, or storage to be used or consumed in this state.


    • [PDF File]Car Dealer Leasing Tricks - The 2019 Consumer Car Lease Guide

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      Dealer sells the 2014 motor vehicle to Lessor who will be the titled owner. Dealer simultaneously executes a lease of the 2014 motor vehicle on behalf of Lessor to Customer. Customer offers a 2007 motor vehicle, for which Customer is the titled owner, as a trade-in to Dealer as part of the agreement to lease the 2014 motor vehicle. Question:


    • [PDF File]Motor Vehicle Leasing Best Practices/Guidelines

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      Yes. For a long-term lease, for which the dealership collected and remitted Sales Tax at the inception of the lease (based on the entire lease amount), the lessee may seek a refund for the Sales Tax paid for the remaining portion of the lease. The lessee may seek a refund from the dealership or from the Division of Taxation.


    • [PDF File]Examples of Trade-Ins and “Turn-Ins” With Respect to Motor ...

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      A lease agreement is a future performance contract between the lessor and a person (“the lessee”) who is not a registered motor vehicle dealer. Section 41 of the Regulations set out what a dealer is required to include in a lease contract with a customer who is not another registered motor vehicle dealer. The following list includes


    • [PDF File]Your Kia Lease-End Kit

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      A broker-dealer that acts as a prime broker must maintain net capital of not less than $1,500,000. A broker-dealer acting as an executing broker in a prime broker relationship who self clears or a broker-dealer clearing prime broker transactions on behalf of an introducing executing broker must have minimum net capital of at least $1,000,000.


    • [PDF File]Net Capital Requirements for Brokers or Dealers - SEA Rule ...

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      County Clerk Sales and Use Tax Guide ... dealer has also received the full sales price for ... another state, on the traded-in item in order to receive any trade-in credit. Further, the statute applies to all trade-in situations, not just to trade-ins of motor vehicles or boats.


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