New Tax Laws Countryside IL

ILLINOIS AUTO BUYER ALERT

NEW TAX LAW CHANGES WILL COST YOU THOUSANDS

TRADE IN NOW BEFORE IT'S TOO LATE TO GET FULL TRADE-IN VALUE ON YOUR TAX CREDIT

DONT WAIT - THESE CHANGES WILL DRIVE UP YOUR PAYMENT AND PRICE
ILLINOIS TO CHARGE SALES TAX ON TRADE-INS OVER $10,000

Currently, Illinois does not charge sales tax on vehicle trade-in value. Starting January 1, 2020, sales tax will be charged on trade-in value about $10,000. Here's what the change will cost using the combined state and local average sales tax of 8.74%. Contact our Countryside, IL dealership If you'd like to see your options on a new or used vehicle before these changes take place.

 Before January 1, 2020  After January 1, 2020 
 New Car Price $45,000 New Car Price $45,000
 Trade-In Tax Credit $25,000 Trade-In Tax Credit $10,000
 Taxable Amount $20,000 Taxable Amount $35,000
 Sales Tax $1,748 Sales Tax $3,059
   DIFFERENCE $1,311

$25,000

TRADE-IN

$45,000

NEW

SEE YOUR AUTOBARN SUBARU SALES CONSULTANT, OR CALL US TODAY
AT 866-662-7941 FOR MORE INFORMATION

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