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09-15-2006, 01:03 PM | #1 |
Scooby Specialist
Member#: 1997
Join Date: Jul 2000
Chapter/Region:
MWSOC
Location: Des Plaines, IL
Vehicle:2006 Acura TL 6spd STMGM6 alumni |
car sales tax in IL
Anyone know for sure how it works?
Are you charged based on where you buy the car, or where you live? What is the home rule crap? I live in prospect heights. 7% Buying a car in Hoffman Estates which is 6.5% but somehow the rate they calculated is over 8%
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09-15-2006, 01:37 PM | #2 |
Scooby Specialist
Member#: 99876
Join Date: Nov 2005
Chapter/Region:
MWSOC
Location: Neenah, WI
Vehicle:2 2005 Subies! WRB STi and AB LGT |
You pay the tax in the county where the car is registered. I used to work at a dealership in Janesville, WI. All of the IL people would come there to try to take advantage of the 5% sales tax. Didn't work. Chicago sales tax sux!
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09-15-2006, 01:55 PM | #3 |
Scooby Specialist
Member#: 88436
Join Date: Jun 2005
Chapter/Region:
BAIC
Location: oakland, ca
Vehicle:in t he market again |
Dealer or private?
Private you will pay ALOT less tax, as long as the car is less than $15,000. |
09-15-2006, 02:01 PM | #4 |
Scooby Newbie
Member#: 122886
Join Date: Aug 2006
Chapter/Region:
MWSOC
Location: Allen Park, MI
Vehicle:2008 xD |
Private is based on what year the car is, assuming it is less than $15k. Dealer has to charge sales tax based on price of the car.
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09-15-2006, 03:23 PM | #5 |
Scooby Specialist
Member#: 1997
Join Date: Jul 2000
Chapter/Region:
MWSOC
Location: Des Plaines, IL
Vehicle:2006 Acura TL 6spd STMGM6 alumni |
New car at the dealer.
We have really goofy laws about sales tax here. |
09-15-2006, 03:36 PM | #6 |
Scooby Newbie
Member#: 76065
Join Date: Nov 2004
Location: Kansas City, MO
Vehicle:2005 Saab 9-2x Aero Brilliant Red |
Anyone know what the tax rates are for Will/Cook/Dupage county?
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09-15-2006, 03:47 PM | #7 |
Scooby Specialist
Member#: 1997
Join Date: Jul 2000
Chapter/Region:
MWSOC
Location: Des Plaines, IL
Vehicle:2006 Acura TL 6spd STMGM6 alumni |
That's the problem. I have the list. Most of cook (outside chicago) is 7%, surrounding counties 6.5% However the calculating apparently isnt as simple as that.
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09-15-2006, 04:17 PM | #8 |
Scooby Specialist
Member#: 1055
Join Date: Mar 2000
Chapter/Region:
MWSOC
Location: Romeoville, IL
Vehicle:2005 No legacy for u It's a diesel |
You should only have to pay sales tax for the zip code its registered to.
Home rule cities can charge a sales surtax over and above the base county rate. Usually .5-2%, but can be more such as in Chicago. And yes, the calculation IS as simple as that. If the dealer tells you anthing different, its BS. K. |
09-15-2006, 04:37 PM | #9 | |
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Member#: 733
Join Date: Jan 2000
Chapter/Region:
MWSOC
Location: Dearborn MI
Vehicle:'18 WRX Frozen White |
Quote:
HEY DOOFUS...email me that link so I can go do what you need me to do. |
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09-15-2006, 08:13 PM | #10 |
Scooby Specialist
Member#: 70272
Join Date: Sep 2004
Chapter/Region:
MWSOC
Location: Chicago
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Anyone know if there is some backdoor stuff with the dealer reimbursing you the difference? I know buying used from a private party is a flat fee of a few tiers but buying used from a dealer gets the 7 or 8% sales tax rate.
Also what happens if you trade something in, do you just get taxed on the difference of the trade vs. the new? |
09-15-2006, 10:41 PM | #11 |
Scooby Newbie
Member#: 86009
Join Date: Apr 2005
Chapter/Region:
MWSOC
Vehicle:2002 WRX Aspen white |
A coworker bought a car recently and the for some reason it worked out to be cheaper tax-wise for her to trade her old car in compared to putting down the amount of cash that the dealer would give her for the trade-in and selling her car privately. Not sure how it works, but when we bought our cars the new ones were whatever the local tax rate was (don't think you pay taxes on delivery, freight, etc. just the purchase price) and the used ones where a certain fee based on purchase price and age of the vehicle. If it's a used car the tax amount should be listed on the secretary of state's website.
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09-15-2006, 11:04 PM | #12 |
Scooby Specialist
Member#: 11664
Join Date: Oct 2001
Location: Chicago Ill
Vehicle:2002 Impreza Wrx Blue |
.....
Last edited by front; 09-15-2006 at 11:16 PM. |
09-17-2006, 11:56 AM | #13 |
Scooby Specialist
Member#: 1055
Join Date: Mar 2000
Chapter/Region:
MWSOC
Location: Romeoville, IL
Vehicle:2005 No legacy for u It's a diesel |
You get a credit for the sales tax amount of your trade in. In simple round numbers a 20k car with 7% tax equals $1400 in sales tax. If you trade a car worth 10k on your 20k car, you get a tax credit of $700... so you only pay $700 in tax.
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