Coming in 2020, A New Illinois Tax on Trade-Ins

Appraise Your Trade-In Before The New Tax
New Illinois Trade In Sales Tax Example

New Illinois Vehicle Trade-In Tax Overview

  • New Illinois trade-in tax set to begin Jan. 1st 2020
  • New tax bill 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 IL residents $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 doubled July 1st 2019
  • Illinois registration fees are increasing in 2020

Help Repeal Senate Bill 690

Click the link above for the easiest way to contact your local representatives and make sure your voice is heard that ENOUGH IS ENOUGH. First the doubling of Illinois' gas tax, then the increase in Illinois vehicle registration fees, now a double tax on trading in your old vehicle.

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.  
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