I'm curious to what loopholes there are in the same state restriction...You purchased from KY and are a KY resident, but what if you move? Seems like there'd be some legal headaches for lenders to only approve transfers at the state you purchased it in...Can you simply change your address online and then sell? Clearly accepting a CarMax offer is thousands if not a ten thousand loss...Could you just open a Cali P.O. Box find someone to take over the lease and pay $595 fee and $700ish bucks to ship? Its really not a lot of time or effort and you could save up to ten thousand...Really easy to get started, simply call the lender tell them you're moving to Cali next week and wanted to transfer to a Cali resident, see what they say...
For the record, my $36,2XX MSRP Volt received an offer of $25K but that was last summer, I believe that was on of the first MY17 of any vehicle CarMax had to deal with so I think the offer was inflated...I got lucky and had three other "we beat carmax" places compete, I'll recheck, I wrote a check for the payoff for just under $100 to sell it, however, I received a $1500 incentive from Cali which I'm supposed to pay back the prorated portion...Widely reported they rarely come after you but some reports of if you get another PHEV/EV they'll deduct your previously owed amount from the new incentive so I'm not out of the woods yet...
For the record, my $36,2XX MSRP Volt received an offer of $25K but that was last summer, I believe that was on of the first MY17 of any vehicle CarMax had to deal with so I think the offer was inflated...I got lucky and had three other "we beat carmax" places compete, I'll recheck, I wrote a check for the payoff for just under $100 to sell it, however, I received a $1500 incentive from Cali which I'm supposed to pay back the prorated portion...Widely reported they rarely come after you but some reports of if you get another PHEV/EV they'll deduct your previously owed amount from the new incentive so I'm not out of the woods yet...
