New Illinois Trade-In Tax Arriving Jan 1st 2020

New Illinois Trade-In Tax Coming Soon
New Illinois Trade In Sales Tax Example

New Illinois Vehicle Taxes

  • New Trade-In Tax Will Begin Jan. 1st 2020
  • SB 690 was signed June 28th by Gov. J.B. Pritzker
  • IL sales tax will be applied to trade-in value above $10,000
  • New tax is expected to cost Illinoisans $60 million a year
  • House Bill 3890 and House Bill 3891 would reverse this new tax before it goes into effect
  • Illinois gas taxes were already doubled July 1st 2019
  • Illinois registration fees are also increasing in 2020

Help Repeal Senate Bill 690

It's already much pricier in 2019 to own a car with Illinois doubling the gas taxes. Now Illinois is increasing vehicle registration fees and adding a tax on vehicle trade-ins for 2020. Help keep car ownership affordable in Illinois and voice your opposition to even higher costs to own a car. 

Trade-In Appraisal

We offer an easy online trade-in appraisal. Get the True Market Value® of your vehicle in less than a minute. Powered by Edmunds. If you're thinking about trading-in your old vehicle, now is a great time before the new tax takes effect.