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What do I need to know about buy a lease vehicle!

V00DOO

Diamond Member
First off I am in California and since every state law is different. I am in the process of buying an used lease vehicle from a private party. The selling price is more than his residual value therefore it makes sense for his to sell his lease vehicle. Correct me if I am wrong but when you lease a vehicle you don't pay sales tax right? If that's that case do I just pay the sales tax for what I paid for the vehicle or do I to pay the sales tax of the original new car price. What else do I need to be aware of buying a lease car?
 
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