Bumping an old thread, but I was researching on this since my lease is up in 6 months and I'm planning to buy it out. I'm not sure if the law changed in Maryland, but it looks like they do not double tax any more.
http://www.mva.maryland.gov/about-mv.../27300-30T.htm
Quote:
How do I obtain a title for my leased vehicle after I have purchased it?
In most cases, the dealer will handle the titling and registration of your previously leased vehicle through the MVA. The dealer will provide you with a bill of sale (or sales receipt) and either temporary (cardboard) or permanent (metal) license plates before you drive the vehicle off the lot. The Maryland Certificate of Title will be mailed to you later. If a lien is placed against your title, a Maryland Security Interest Filing (SIF) will be mailed to the lien holder at the same time. In many cases, the vehicle is exempt from any excise tax provided that the lessee(s) identified on the lease agreement is/are the same as the new owner(s).
|
Can anyone verify this was the case in Maryland?