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Questions re: "in and out" vehicle purchase
Posted on 1/25/16 at 4:52 pm
Posted on 1/25/16 at 4:52 pm
Can someone explain the pros and cons for the buyer, seller and dealership of doing an "in-and-out" to purchase a used vehicle?
I'm the buyer FWIW and this is the only option to purchase the vehicle bc the current owner (business) would have to pay income taxes on a direct sale.
TIA
I'm the buyer FWIW and this is the only option to purchase the vehicle bc the current owner (business) would have to pay income taxes on a direct sale.
TIA
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