Lease Buyout California

[2020KGT2]

Hey guys need help with this. My KMF account is finally up and the buyout quote says it includes sales tax. I called my credit union to apply for a loan and they told me they'll have to 8.75% more for sales tax so I can pay at the dmv when I go do the paperwork. I thought in California we dont have to pay double sales tax. Can anyone chime in with experience with this?

 

[Mateus]

My credit union wanted to add the 8.75% sales tax also. I contacted KMF for a buyout quote with the price breakdown showing the tax already added. Gave that to the credit union and was given a loan for the buyout amount.

 

[2020KGT2]

My credit union wanted to add the 8.75% sales tax also. I contacted KMF for a buyout quote with the price breakdown showing the tax already added. Gave that to the credit union and was given a loan for the buyout amount.

View attachment 38894

Did you have to pay anything at the DMV?

 

[Mateus]

I paid a small fee to have my registration updated to include my wife on it, which the credit union processed for me. No visit or additional payments to the DMV.

 

[2020KGT2]

I paid a small fee to have my registration updated to include my wife on it, which the credit union processed for me. No visit or additional payments to the DMV.

That's good to hear. Hopefully it's the same for me. Thank you for the information

Also you're from California correct?

 

[Mateus]

np, yes I'm from California.

 

[2020KGT2]

np, yes I'm from California.

Thank you