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2020 Car Trade-In Tax in Illinois

Trade-In Your Car header

Trade-In Your Car
at Currie Ford of Frankfort

It’s the perfect time to visit Currie Motors Ford of Frankfort to upgrade your ride because sales tax will apply to the trade-in value of a car starting in 2020. This new tax policy goes into effect on January 1, 2020. This new sales tax applies to the difference between the trade-in value and the new vehicle purchase price for trade-ins valued above $10,000. The value will be taxed 6.25% by the state, but there may be an additional local sales tax rate to consider. This car trade-in sales tax also applies to out-of-state vehicle purchases. When you trade in your current vehicle before the end of the year, you can take advantage of this sales-tax-free purchase before the car trade-in tax begins.

Get behind the wheel of a new Ford F-150 or a 2020 Ford Escape in Illinois before the trade-in sales tax goes into effect. You can get a head start with our online value your trade tool then come browse our selection of new Ford Fusion sedans and Ford Explorer SUVs for sale. Our Ford dealership in Frankfort, IL, is always accepting trade-ins, so don’t hesitate to stop by and have our team provide you with an estimate. We’ll buy your used car even if you don’t buy a new Ford from us!