For a transaction between private individuals, the minimum Motor Vehicle Sales and Use Tax is calculated based on the trade-in value given in the NADA Official Used Car Guide. You must present either an Affidavit for Procurement of Title ( SUT-1A ) if the vehicle is 5 years old or newer (based on the model year) or a Bill of Sale if the vehicle is more than 5 years old.
Tax, title, and tags vary by state and will be calculated at the time of purchase. The values provided are estimates for illustration purposes only and are based, where applicable, on the information you enter. APRs and terms used in estimates may not be applicable based on vehicle and state of purchase.
The Taxes on Buying a Used Car in Illinois. Many states have a straight sales tax of around 4 to 7 percent that applies to all purchases except for exempt items such as staple foods and prescription drugs. Other states, such as Illinois, have more complex hybrid taxation systems in which the state charges sales tax on some items and use taxes on others, with many exemptions for both.
Car Tax b y State. Car tax is paid based on the state where the car is first registered, so if you live in California and buy a car in Oregon, you will have to pay when you register the car back in your home state. Within states that have different car tax rates for different cities, you pay the car tax rate based on your home address.
Use Tax is a formula based on the purchase price (fair market value) and the age of the vehicle. Refer to the online use tax charts to get the latest charts. Local municipal and county private party use taxes : Local Tax Information: Some regions such as the City of Chicago and Cook county have additional Use Taxes on the purchase of a vehicle.
This online service allows current and new residents of California to calculate an estimate of their vehicle registration fees, determine Vehicle License Fees (VLF) paid for tax purposes, and calculate fees for registration renewal and used vehicle purchases. For more information, please refer to the Frequently Asked Questions.