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Old 05-14-2009, 03:58 PM   #1
CrazyCaper
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Join Date: Sep 2006
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Default Purchasing company leased vehicle

I need some advice. I have the opportunity to purchase outright the company car I've been driving for a few months now. I can get it at a helluva deal (2006 Nissan Altima, 40K, $7500 tax in).

I really don't need this vehicle as I'm getting another one due to the lease being up on this one.

Question:

Is there a certain amount of time you have to own a vehicle before reselling? (capital gains issues)

Thanks,
CrazyCaper
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