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March 3rd, 2004, 10:54 PM
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Buying a car, sales tax for county you live in or county you buy in???
I live in Illinois and my girlfriend (whom we are searching a car for) lives in Will County, which has a 6.5% sales tax. Cook County (a hop skip and jump away) is where the car is. Cook County has a 7.75% sales tax. So what will be applied to the price of the car???? Thanks in advance!
Scott
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New '87 GN E85 Pro-Touring project in the works. Getting ready to flex my fuel. 
    
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March 4th, 2004, 12:19 AM
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It'll be based on the county you register it in, basically where you live.
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87 GN: TA-54, stretch big neck, 72s, ATR DP, SMC, 3200 9/11, homemade DP (340s) hotwired, ME-R 64 Grand Prix 389 Tri-Power, loaded, frame-off resto, mild cam, Turbo 350 trans retrofit - SOLD 1/28/05 - a sad goodbye johnkiml@comcast.net
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March 4th, 2004, 01:35 PM
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Not always true. If your an Illinois resident and you buy a new or used car from a dealer, tax is paid and collected in the county where bought. If you buy a used car from a private individual, in or out of state tax is based on the value/ age of the car. In IL if you buy an 87 and it cost less than $15,000 all you owe is $25.00 tax. If the car is priced above 15,000 a tax table comes into play. So, if you buy from a individual and the car was over 15,000, you use the table to figure taxes. But of course no matter what, the value is Always under $15,000
 Joe . Quote:
__________________
Joe Harrington Check out some rare GNX Tooling, Parts, blue prints with photos at www.hbscomputers.com/gnxparts1 www.hbscomputers.com/gnxmuseum
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March 4th, 2004, 02:18 PM
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The county is where I would've paid it to directly when getting my tag (cash transaction). However, the car was over 10 years old so I didn't have to pay sales tax.
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Bill When does Family Guy start back up? '91 TBird Super Coupe 5 spd, 1 of 1905 '99 Amigo, 4WD, Lift, locker etc.
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March 4th, 2004, 04:21 PM
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this is for an 03 eclipse for 10,995 after trade in car was originally 11995. So are you saying I will have to pay their county tax???
Scott
__________________
New '87 GN E85 Pro-Touring project in the works. Getting ready to flex my fuel.
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March 4th, 2004, 04:29 PM
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According to the RUT-50 Vehicle Use tax Transaction Return, Table A (for vehicles under $15,000) purchsed from a private party, a vehicle 1 or less model years tax is $390.00. But since your buying from a dealer, they will use form ST-556 Sales Tax Transaction Return and you'll probably get stuck getting charged the county's tax rate. Thats why many timres better off buying from a private party. If the car is on consignment, you may be able to get around this extra tax.
Joe Quote:
__________________
Joe Harrington Check out some rare GNX Tooling, Parts, blue prints with photos at www.hbscomputers.com/gnxparts1 www.hbscomputers.com/gnxmuseum
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March 4th, 2004, 06:18 PM
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That's really good to know. I didn't know there was a distinction between private and dealership. Just another reason to buy/sell yourself.
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Bill When does Family Guy start back up? '91 TBird Super Coupe 5 spd, 1 of 1905 '99 Amigo, 4WD, Lift, locker etc.
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March 4th, 2004, 06:58 PM
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Hmmm, went to the dealer today and they claimed 6.5%. Guess it matters where you live.
Scott
__________________
New '87 GN E85 Pro-Touring project in the works. Getting ready to flex my fuel.
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March 4th, 2004, 07:01 PM
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That is correct when you buy a new or used car from a licensed dealer in IL.
Thats why people who live in Cook county ty to buy cars in Dupage or Will still get nailed with like 8% sales tax. Joe Quote:
__________________
Joe Harrington Check out some rare GNX Tooling, Parts, blue prints with photos at www.hbscomputers.com/gnxparts1 www.hbscomputers.com/gnxmuseum
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