used vehicle taxs - Chicagoland Sportbikes
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post #1 of 17 (permalink) Old 04-11-2007, 04:05 PM Thread Starter
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used vehicle taxs

anyone know how used vehicles are taxed in IL?
I know that if I buy from a private party it is based off of the amount paid and then prorated for the year and that it is a flat rate.
What if I buy from a dealer? does it work the same?

for example, if i was to buy a 13k used car from a private party, then the tax is a 370$ flat rate. If I buy the same used 13k car from a dealer, is the tax the same (370)? or do i have to pay the full @1200+ sales tax on it?

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post #2 of 17 (permalink) Old 04-11-2007, 04:08 PM
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dealer = sales tax

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post #3 of 17 (permalink) Old 04-11-2007, 04:23 PM
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Just put down you paid a dollar for the vehicle when you are filling out the form to transfer the title. I think its the same tax from a dollar to 1000 dollars. Not sure. I am about to do the same thing with my big ugly van.

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post #4 of 17 (permalink) Old 04-11-2007, 05:55 PM
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Private owner= Yr of vehicle for taxes no matter what you paid for it<---oops wrong..guess I never bought anything over $15000 private


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post #5 of 17 (permalink) Old 04-11-2007, 07:10 PM
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Vehicles Purchased in Illinois

You may purchase a vehicle from a licensed Illinois dealer or from a private owner.

* DEALER: There are certain laws a dealer must obey when he or she sells you a new or used car. Within 20 days of purchase, the dealer must send the following to the Secretary of State’s office:

–Application for Certificate of Title, license plates or transfer of current plates.
–Properly signed Certificate of Title or Certificate of Origin.
–Separate payments for title/license plate fees and sales tax on the vehicle.
Sales tax varies depending on the city or county where the vehicle is purchased.

* PRIVATE OWNER: If you buy your vehicle from someone other than a dealer, within 20 days of purchase the Secretary of State’s office must receive the following:

–Application for Certificate of Title, license plates or transfer of current plates.
–Properly signed Certificate of Title in the seller’s name.
–Payment of title/license plate fees.
–Payment of Vehicle Use Tax. This tax is based on the model year of the vehicle if the
selling price is less than $15,000. If the selling price is $15,000 or more, the tax is based
on the selling price. An RUT-50 tax form must be submitted along with the correct tax
payment. The check must be made out to Illinois Department of Revenue. If you junk
your vehicle, you are exempt from this tax; however, you must obtain a Junking
Certificate from the Secretary of State.


Hope that helps




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post #6 of 17 (permalink) Old 04-12-2007, 08:51 AM Thread Starter
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Thx HD.... I scoured cyberdrive and the il dmv site and could not find that info.

one more way for IL to bend us over and tax our asses off. I thought double taxation was illegal

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post #7 of 17 (permalink) Old 04-12-2007, 08:58 AM
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If you buy from a dealer it depends on the city. most are 6-6.5% sales tax. The DMV has a tax table for private party purchases you'll pay when you title the vehicle. The table is by year of the vehicle. For example, a 2002 is around $200. It changes though periodically so call a currency exchange for recent rates

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post #8 of 17 (permalink) Old 04-12-2007, 09:03 AM
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Quote:
Originally Posted by Crazy View Post
If you buy from a dealer it depends on the city. most are 6-6.5% sales tax. The DMV has a tax table for private party purchases you'll pay when you title the vehicle. The table is by year of the vehicle. For example, a 2002 is around $200. It changes though periodically so call a currency exchange for recent rates
The dealer charges you tax not by where they are located but by where you will be registering the vehicle.

and the table thing is correct. I just registered a 2000 and it cost me 80 bucks.




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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

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post #9 of 17 (permalink) Old 04-12-2007, 09:03 AM
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Quote:
Originally Posted by CHeYeNNe View Post
Private owner= Yr of vehicle for taxes no matter what you paid for it<---oops wrong..guess I never bought anything over $15000 private
they won't ask and won't know so they don't do anything for over $15k either except by year

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post #10 of 17 (permalink) Old 04-12-2007, 09:04 AM
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Quote:
Originally Posted by HDTony View Post
The dealer charges you tax not by where they are located but by where you will be registering the vehicle.

and the table thing is correct. I just registered a 2000 and it cost me 80 bucks.
correct, except certain states charge, like Indianna, charge their tax rate and give you a form for a credit in the town you register

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post #11 of 17 (permalink) Old 04-12-2007, 09:09 AM
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Yes out of state is different. Never done one of those. But as you know I go through cars in this state like water




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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

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post #12 of 17 (permalink) Old 04-12-2007, 09:13 AM
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Quote:
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Yes out of state is different. Never done one of those. But as you know I go through cars in this state like water

I've done some homework because I was looking at a couple of vettes out of state

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post #13 of 17 (permalink) Old 04-12-2007, 10:17 AM
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post #14 of 17 (permalink) Old 04-12-2007, 10:26 AM
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Quote:
Originally Posted by Crazy View Post
If you buy from a dealer it depends on the city. most are 6-6.5% sales tax. The DMV has a tax table for private party purchases you'll pay when you title the vehicle. The table is by year of the vehicle. For example, a 2002 is around $200. It changes though periodically so call a currency exchange for recent rates
If you buy from a dealer, the car is taxed based off of where you live:

Chicago-9% tax
Cook County (outside of Chicago)-7.75%
All other counties in IL-7%

It's broken down like this:

7% state tax
.75% Cook county tax
1.25% Chicago tax

So, if you live in Chicago, you pay all of them, Cook county, just the state and Cook County tax, and outside of Chicago and Cook, just the state tax.
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post #15 of 17 (permalink) Old 04-12-2007, 10:28 AM
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post #16 of 17 (permalink) Old 05-02-2007, 11:42 PM
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How does out of state purchases work?

IE, I buy a bike/car from an out of state private party or out of state dealer?
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post #17 of 17 (permalink) Old 05-02-2007, 11:48 PM
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private party you pay flat tax of $25 for bikes up to 15k or something like that. Dealer you pay sales tax for where you live.

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