Tax Law

If you're thinking about trading in your vehicle, the time to act is now!

Illinois residents will be affected by the recent tax revisions for the Vehicle Trade-In Value Cap starting January 1, 2020. Due to the new sales tax, Illinois residents will NOT receive as much money in value when trading in their vehicle. The new law can cost you thousands!

For first division motor vehicles, the trade-in value cap for tax credit is going to be $10,000 starting January 1, 2020. See the revised law illustrated in the table below.

If you want to receive the best value and tax savings when trading in your vehicle, don't wait! Time is running out! Get the most for your trade now.