2020 Illinois Trade-In Sales Tax Law Change

As Illinois residents know, this state loves your tax dollars. In fact, they are gearing up to take even more of your money come 2020 with the new automotive trade-in tax law change. The state currently collects no sales tax on a car's trade-in value, which in practice acts as credit toward a new vehicle purchase. Sales tax only applies to the difference between trade-in value and the new vehicle's purchase price. But that changes after Jan. 1 when the new law goes into effect to apply state and local sales taxes to any trade-in value above $10,000. You can save THOUSANDS by trading in your car this year instead of waiting until 2020! For more details, please see below and enter your info in the form at the bottom of this page for a quote on how much we can save you before 2020!
 

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