Chevrolet Leases in Thomasville, GA
Spence Chevrolet has received a number of questions regarding changes to application of Georgia TAVT to leased vehicles. As background, House Bill 340 was passed by the General Assembly in 2017 and was signed into law by Governor Deal. Under the new law, leased vehicles no longer will be taxed on the full value of the vehicle. Instead, TAVT will be calculated by multiplying the tax rate by “the total of base payments pursuant to the lease agreement.” These changes are effective January 1, 2018.
The new regulations proposed by Georgia Department of Revenue state that, for the new vehicles that are leased, TAVT will be calculated by multiplying the tax rate by “the total number of base payments, including down payments, pursuant to the lease agreement.”
Spence Chevrolet is excited that Georgia residents will receive similar tax treatment as Florida residents. For many people, leasing makes sense and now it may make even more sense for some Georgia residents. Please call us if you have any questions about what may work best for you.
Thank you,
Spence Chevrolet Team
Leasing from Spence Chevrolet near Moultrie
Are you deciding from the available inventory we have if leasing is right for you? The rule of thumb is that if you wish to drive a newer vehicle without the stress of ownership, leasing would be a great option for you. Leasing is also great for those who do not have to regularly drive far distances. Live the low-stress lifestyle of having a lease vehicle and contact us to learn more about the additional benefits to leasing a vehicle with Spence Chevrolet.
If you’re still on the fence about leasing you could apply for financing online today or give us a call at 229-233-4213 to learn more about the financing and leasing opportunities that are available to you.