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Buy out lease and sell to Carvana/Vroom-Tax implications
Hi trying to find some info on an AFS lease buyout and the tax implications if I sell to a third party dealer like Carvana. I'm in Indiana.
My payoff from AFS includes a line item that says payoff tax, so if I buy it out (cash), once I receive the title from AFS and then sell it to Carvana, do I have to pay sales tax or use tax?
I intend on selling it immediately once I receive the title.
Any advice or info would be greatly appreciated! Thanks in advance.