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Since March 1st, 2013, the Title Ad Valorem Tax (TAVT) applied to all leases. This tax would be paid upfront and was 7% of the fair market value of the vehicle or the vehicle selling price (whichever was greater).
In 2017 the TAVT was revised and a new version passed. The changed TAVT stated that for all lease purchases the amount taxed is the sum of the lease payments, NOT the entire value of the vehicle.
On January 1st, 2018 these revisions were put into effect and made it more manageable for Georgians to lease vehicles. The entirety of the TAVT is still due upfront but that amount is much smaller
Purchasing your next car becomes more manageable when you only pay for a portion of the car. This portion is called the residual value: the vehicle’s current value minus the expected value when you return your lease.
All leases come with I-95 Toyota Care Protection. Enjoy peace of mind for the first 2 years of your lease with a 2-year, no-cost maintenance plan and 24-hour roadside assistance.
Lease terms run as short as 36 months and as long as 60 months. You can adapt your vehicle to your changing life as needed. That might mean a sedan now for commuting and when your lease is up, an SUV to support your growing family.
Always drive the latest model! Once your lease term ends, you can get into a new lease with a brand new vehicle.
