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If your boss leased the car and HIS buyout is $19700 in my state he can buy it and has to pay tax on it. Then if he sells it to you and you have to pay tax AGAIN!!! So 19700 + 6% tax 20882 = selling price to you with no profit for him... Then you would have to pay tax again on the 20882!!! look into this before you decide. Probably varies by state....
posted by 216.150.1...
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