Beat the Tax Man Trade in Sale at Berman INFINITI of Merrillville

Illinois Car Trade-In Tax Changes Starting January 2020

Illinois is imposing a car trade-in tax on Jan. 1. Currently the state collects no sales tax on trade-in value, but that changes on Jan. 1. Under Senate Bill 690, signed June 28 by Gov. J.B. Pritzker, state and local sales tax will be applied to any trade-in value above $10,000.

Take for example, an Illinois resident buying a new vehicle for $35,000 and trading in their car valued at $20,000. Currently, they would only pay sales tax on the difference, or $15,000. The average sales tax on this transaction would be roughly $1,311. In 2020, trade-in credit above $10,000 will be taxed in addition to the difference between the new and used car prices. Sales taxes will be applied to $25,000 of the transaction, which will cost them $2,185 resulting in an extra $874 in sales tax after January 1, 2020.

New Illinois Trade-in Tax exemptions change example

Take advantage of current tax exemptions by calling Berman INFINITI of Merrillville at (219) 319-1543 today! Want to have your vehicle appraised online? Use our fast and easy online appraisal tool and get a response in under an hour!

Dealer Information

Phone Numbers:Sales Hours:
  • Mon - Thu9:00 AM - 8:00 PM
  • Fri - Sat9:00 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:30 AM - 5:30 PM
  • Sat8:00 AM - 3:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri9:00 AM - 5:00 PM
  • Sat8:00 AM - 3:00 PM
  • SunClosed

Berman INFINITI of Merrillville

1794 West 81st Avenue, Merrillville, IN, USA

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(219) 964-4126

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1794 W 81st Ave • Merrillville, IN 46410

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Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-5:30pm

Open Today! Parts: 9am-5pm

Berman INFINITI of Merrillville

1794 W 81st Ave Merrillville, IN

Phone: (219) 964-4126

http://maps.google.com/?q=1794%20W%2081st%20Ave%2C%20Indiana%2C%20Merrillville%2C%20IN%2046410

Parts

Phone: (219) 533-3910

1794 W 81st Ave Merrillville, IN

Sales

Phone: (219) 319-1543

1794 W 81st Ave Merrillville, IN

Service

Phone: (219) 533-3783

1794 W 81st Ave Merrillville, IN
41.471640 -87.357740
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Berman INFINITI of Merrillville
Berman INFINITI of Merrillville
1794 W 81st Ave
Merrillville, IN, 46410 US
(219) 964-4126
https://di-uploads-development.dealerinspire.com/bermaninfinitiofmerrillville/uploads/2018/09/BermanINFINITIofMerrillvilleOGImage.png
Berman INFINITI of Merrillville 41.471640, -87.357740.