Page 4 - GIADA Jan-Feb 2020

ON THE MARK

ADVERTISER

Start the Decade Off Right INDEX

8 Advantage GPS by Procon
Hello fellow Georgia dealers!
Analytics
First off, how about this mild “so far” winter? No excuses on 4 Backlot Cars
slow sales due to the cold this year! Some updates have been
recently implemented to the TAVT calculations by the State of 14 Frazer Computing Inc.
Georgia Department of Revenue. 43 GIADA Legal

• As of January 1st, 2020, TAVT is now calculated on 6.6% of IBC Manheim
sales price of the vehicle, plus dealers fees, ETR fees and sim- 44 Manheim
ilar other fees. The trade in credit does still apply, so the new
TAVT will be calculated on the sales price, plus fees, minus BC NextGear Capital
the trade in. 33 Oakwood's Arrow Auto
• On titled vehicles 1988 and older, the TAVT tax is 1% of Auction
GIADA PRESIDENT sales price & documentation/dealer fees. Buy here pay here
David Mosley dealers that are at a 90% BHPH sales rate will still receive a 13 People's Financial Corp
Cherokee Auto Group 2.5% discount on TAVT and will be calculated on the DOR 7 Rawls Auto Auction
Assessment Manual. 9 Reeves Insurance

The national Mileage Disclosure Exemption law is now in place as of January 1st, 2021. 11 Ron Widener
Going forward, as vehicles (2001’s, 2011’s) age, an actual millage statement will be required 39 RunBuggy
to be disclosed - NOT ACTUAL MILES or ODOMETER DISCREPANCY. No more “EX-
EMPT” on these vehicles. It’s always a good idea to keep up with GIADA newsletters, 31 Southeastern Auto Auction
emails and our website and, as always, our staff is ready to help our members! I’m not only 3 UPS
the President; I am a member! We encourage our dealers, new ones and seasoned, to check
out the valuable information available to keep yourself ahead of the game! It’s in place & IFC Wayne Reaves Computer
ready to share to our dealers! Systems

Have a great new year!
To advertise in GIADA's monthly
magazine, please contact
GIADA, 770-745-9650.
License Renewal

Reminder MAXIMIZE YOUR
ADVERTISING
Deadline EXPOSURE!

March 31, 2020 GIADA also offers options
for advertising on our
website and in our
REQUIREMENTS: Completed CE Certificate and upload digital publications!
a current copy of bond & insurance certificates

If you have any questions, feel free to give us a
call to discuss your Georgia Dealer License Renewal.

ONLY TWO CE CLASSES BEFORE DEADLINE:
February 21, Albany
March 20, Atlanta
REGISTER: giada.org/continuing-education

2 | GIADA Independent Auto Dealer JAN/FEB 2020