Georgia TAVT Law | Lease Tax Updates GA
Great news for our lease customers at Bentley Atlanta! As of January 1, 2018, House Bill 340 has changed the way the one-time title ad valorem tax (TAVT) is calculated for leased vehicles. This new bill will result in significant savings for customers who choose to lease their vehicles in the state of Georgia.
The new bill is a revision to the 2017 tax law, which previously required customers to pay tax on the entire fair market value of the vehicle they are leasing. Under the new system, tax will now be calculated based on the sum of the lease payments. Because the sum of the lease payments is often quite less than the total value of the vehicle, this is a much fairer system for lease customers.
Exclusive Offer | Bentley Lease
To celebrate this big win for our customers, Bentley Atlanta will include 3 years of pre-paid maintenance on all leases now through April 2, 2018. To learn more about this limited-time offer, give us a call or stop by our Alpharetta, GA dealership today. We look forward to helping you save on your next lease!
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