Quote:
Originally Posted by Jono2112
This also makes leasing more and more attractive. Hopefully Georgia will start allowing normal leases where you pay tax on the amount of car you lease rather than the 7.5% tax on the whole value of the car which you currently have to pay. It's hard enough to buy a $50,000-$80,000 car without coming up with another $3,750-$6,000 in tax. I also hope BMW lease residuals start reflecting reality or I may be back to buying used VW or Toyotas!
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My understanding is this law did change and will go into effect Jan 2018.
http://www.cnhi.com/featured_stories...0f9cadd1b.html
http://www.legis.ga.gov/Legislation/...0172018/HB/340
However, I am bit confused because I would have expected massive celebrations in the streets (and by car dealers).