Can I use my Flexline to buy out my lease if the lease requires me to complete the transaction at the dealership?

If you have already confirmed with your current leasing company or lender that the dealership handling the lease buyout or refinance will take care of the sale, then you can use your Flexline™ for this transaction. Carputty enables you to include the asset(s) in your line of credit once you present the retail paperwork in the name of the line holder. In other words, the dealership has bought the vehicle from your previous lender and now acts as the seller for each asset you want to add to your line. It's important to note that additional sales tax will be collected when the sale takes place, unless you live in a state that doesn't levy sales tax, such as Alaska. Keep in mind that you can only add vehicles to your Flexline if the owner of the vehicle is the same as the borrower of the Flexline™. If your line is under your personal name, the vehicles must be sold and titled to you personally. If your line is under your business name, the vehicles must be sold and titled to your business.