If You Are Looking to Sell Your Recently Purchased Lease, My Car Auction Is the Solution You Are Looking For
My Car Auction will now accept any lessor released title that other companies will not accept and make you go into the DMV to get the leasing company's name off of the title where you will be subject to pay the sales tax on the car. When a customer sells a car to My Car Auction and transfers the title within 10 days the customer will avoid paying any sales tax on the car.
IRVINE, Calif., Sept. 20, 2022 /PRNewswire-PRWeb/ -- If you have recently bought out your lease and plan on selling it to take advantage of the market, My Car Auction can save you thousands of dollars on selling your car!
What a lot of people do not realize is that when you buy out a leased vehicle, the company you leased from will issue what is called a "lessor" title. These lessor titles show both the new owner (lessee) and the company that the car was originally leased with (lessor). How is a lessor title different from a normal title? Great question. For an unknown reason to many, dealerships and used car companies will not take a "lessor" title.
For these companies to buy your car, they will make you go to the DMV and take the lessor off the title. When you go to the DMV to do this, you will be required to pay the sales tax on the vehicle. The current tax rate of California for purchasing a used car is 7.25%. Luckily, there is a law in California that if you sell your car within 10 days of buying out the lease, you do not have to pay sales tax on the vehicle. That is where My Car Auction can help!
My Car Auction will accept your lessor title, saving you thousands on sales tax! All you need to do is go to their website and get an instant offer in less than a minute!
One of their professional buyers will contact you regarding the offer and ask you some questions about the car. From there, just schedule an inspection with the buyer and they will meet you at your house to perform a 15-minute inspection. Once they confirm the condition, they will finalize the offer and do all the paperwork for you! When the paperwork has been signed, they will hand you a check for the full amount of the car and automatically schedule a transportation truck to pick up the car within 48 hours.
If you have just purchased your lease and want to sell it, don't wait and contact My Car Auction right away to save thousands of dollars on your car!
To learn more about the best way to sell your car online, visit their official website at https://mycarauction.com to understand more about how to sell a car in California.
Media Contact
Nick Sperr, My Car Auction, (855) 476-0933, [email protected]
SOURCE My Car Auction
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