Quote:
Originally Posted by Chocaholic
But wait until you buy another car in Ga. Along with the tax change referenced by Fred, they did away with the sales tax exemption on private owner sales. Previously, you paid no sales tax when buying from a PO. You paid the full 7% only on dealer sales. Now you pay 7% on all sales. And...not on the actual price paid, but rather on their "list" of retail values.
When I bought my last motorcycle (from a private owner) my GA sales tax was 7% of almost $2k above my actual purchase price.
Never fear, GA is not giving money away!
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No, Georgia is not giving money away, it just happened to work to my advantage this time. Since I tend to keep vehicles for a long time (10-15 yrs), the new system will still work to my advantage. It is the folks that trade every 3-4 years that will get burned!