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Old 12-06-2016, 01:40 PM
1,323 posts, read 588,281 times
Reputation: 1063


For those considering moving to Georgia who currently have a leased car registered in another state, be aware that you'll have to pay 7% tax on the current value of the car and another 7% if you choose to purchase the car after the lease is over. Welcome to Georgia!

I have a leased car which expires next year and I'm required to pay $1600 for a car that I will use for less than 10 months. It's a nasty bit and I'm considering just leaving the car in the driveway, and downsizing to just one much older car.

Anyway, if you have a leased car and are considering a move to Georgia, you should consider waiting until the lease is over or moving elsewhere.

Final note: I can't imagine why dealerships who offer leased cars would be happy about this, but I'm sure some backroom deal with legislators made it alright for them.
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Old 12-06-2016, 01:50 PM
Location: Sweet Home Chicago!
6,721 posts, read 6,475,985 times
Reputation: 9910
Interesting. I just did the opposite, moved a leased vehicle from GA to Illinois and because I paid all taxes upfront when we leased the car in GA, Illinois said I owed them nothing. The leasing laws are very confusing, especially when you move a leased vehicle. crazy...
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