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Buying a new Car in Illinois?

Buying a new Car in Illinois?

Changes are coming to Illinois in 2020. New laws that have been passed will be implemented. One new change is the new tax when you trade in a vehicle. Currently the State of Illinois collects no sales tax on the trade in value. But that all changes in 2020 to the toll of $60 million in new tax revenue to the State of Illinois.  https://www.illinoispolicy.org/illinois-imposing-car-trade-in-tax-on-jan-1-dealers-call-it-double-taxation/

If you are thinking of trading in your vehicle, do it now before the new year is here.

 



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