2020 Car Trade-In Tax in Illinois
Save on Your Trade-In
with Fair Oaks Ford
Have you been thinking about upgrading to a stylish Ford SUV or a durable Ford truck? If so, it’s time to visit Fair Oaks Ford in Naperville, IL, before the Illinois car trade-in tax goes into effect. Starting January 1, 2020, sales tax will be applied to the trade-in value of a car. The IL trade-in tax applies to the difference between your vehicle’s trade-in value and the purchase price, specifically if the trade-in is valued above $10,000. That amount will be taxed 6.25% by Illinois, and there may be additional taxes imposed by the municipality. If you complete a trade-in and buy a new Ford before the end of 2019, you can avoid the car trade-in sales tax in Illinois.
Experience the streets of Naperville and beyond in a new Ford Escape or get the keys to a Ford Mustang when you visit Fair Oaks Ford. Our Ford dealership in Naperville, IL, has an extensive new Ford inventory that includes the perfect model for every lifestyle and budget. Go ahead and value your trade-in online to get an idea of how much your vehicle is worth. Then, visit our IL Ford dealer for an exact trade-in value and to browse our Ford F-150, Explorer and Edge options.