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Old 11-02-2020, 12:21 PM   #11
smaggs
14 dolla balla aint got nothing on me!
 
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What you've described makes sense. It's how a lot of people make payments on high end exotic cars, by keeping a high residual and leasing it to just pay taxes on the payments for X months. You're just renting it from the financing company really as the ownership is in their name.

The thing you'll want to check with the financing company is what fees you'd incur to break the lease early and the process as that will change from financer to financer. If financing through a dealer, they might buy the truck back (I'm not sure on this) however if you're financing through a 3rd party financer, you'll want to make sure you have a buyer lined up and see what the process would be as far as payment to get the vehicle into their name without ever being in yours to avoid that unnecessary tax.

This isn't anything shady to ask the financing company either as it's a pretty common thing to do and they're still making money off you so should be happy to get your business
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