Attention! GM Financial Will Stop Third-Party Buyouts on July 1, 2021

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If you want to cash out on your lease equity, better do it soon, as GM Financial will stop allowing third-party buyouts effective July 1, 2021.

On July 1, 2021 or later, lessees who want to sell their leased vehicle for a profit will need to purchase their vehicle directly from GM Financial before selling it. This introduces potential tax complications. In California, for example, you’ll have a 10-day window to sell the leased vehicle you just purchased before you are liable for paying sales tax.

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