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If the lessee: Buys the vehicle at the end of the lease, use tax is based on the balance owed at the time of lease pay-off. Sells the vehicle within 10 days, use tax is due only from the third party. Sells the vehicle after 10 days, use tax will be due from the lessee and the third party.

Transferring A Title After A Lease Buyout You'll need to complete Form MV-82 and provide proof of identity, proof of vehicle ownership and proof of sales tax payment. You'll need to bring this information, along with the lease buyout agreement and any lien releases needed, to your local DMV office.

Below is a list of documents you typically need for a lease buyout title transfer: Valid photo ID. Completed car title and registration application form. Signed and notarized car title, including odometer reading. Bill of sale. Proof of sales tax payment. Safety inspection certificate, if applicable.

If you are selling your car, you need to give the new owner a valid smog certification when you sell the car. If the car you are selling is less than four years old, you do not need to get a smog inspection. Instead, the new owner of the car will need to pay a smog transfer fee.

If you have the California Certificate of Title for the vehicle, the seller signs the title to release ownership of the vehicle. The buyer should then bring the signed title to a DMV office to apply for transfer of ownership.

If the buyer does not sign the title and mail or give it to DVS, then the seller's name stays on the title of the car. If the buyer doesn't transfer the title within 10 days, the car's registration is suspended.

You will not receive the original title certificate as proof of ownership. The leasing company is the owner and holds the title certificate, which displays their name.