Third party lease buyout with BMWFS

[vegtrip]

Has anyone here done a third party lease buyout with BMW financial services ? I'm trying to buy an X5 from a private seller who is doing a lease buyout and then transferring the title back to me.

Anything to watch out for, when going through this process ? I read about some concerns with double taxation, but it seems that's fine as long as title transfer is done within 10 days ( I'm in California ).

Thanks for your feedback !

[turboawd]

Original owner will get title and then do a secondary transfer to you. He'll sign off on the title he gets from bmw and give to you. He shouldn't pay tax because he's not titling the x5 in his name. I assume California is the same.