ILLINOIS AUTO BUYER ALERT

 

New tax law changes will cost you thousands!

Don't wait! Trade your vehicle in now before it's too late! These new tax laws will drive up your payment and price.

After 1/1/2020, you will get no sales tax credit for any trade-in value over $10,000.

This is regardless of the vehicle's true value! The following is an example using the combined state and local average sales tax of 8.74%:

Before January 1, 2020After January 1, 2020
New Car Price$50,000$50,000
Your Current Vehicle Value$23,000$23,000
Trade-In Tax Credit$23,000$10,000
Taxable Amount$27,000$40,000
Final Sales Tax$2,359.80$3,396.00
Total Cost$29,359$30,496

BUY BEFORE 2020 for a Savings of $1,137*

*Based on 8.74% tax rate

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