Get Il Rut-76 2021-2025

The fee for a first-time registration or renewal in Illinois is $101. If you are also titling a car you just bought, the title fee is $95. You'll also need to pay sales tax, which varies depending on where you live in Illinois. But expect to pay between 6.5 and 7.5 percent of what you paid for the vehicle.

If you are leasing the vehicle from an unregistered out-of-state retailer, you must use Form RUT-25-LSE to report the transaction. ... If you originally purchased (or acquired by gift or transfer) your vehicle from an individual or other private party, you must use Form RUT-50 when you bring the vehicle into Illinois.

Buyers must pay a transfer tax when they buy a car. ... Cars bought from dealers are taxed at the basic 6.25% Illinois sales tax rate, plus any local taxes. That's applied to the purchase price of the vehicle. The dealer is supposed to collect the tax from the buyer, and pay it to the Department of Revenue.

Cars bought from dealers are taxed at the basic 6.25% Illinois sales tax rate, plus any local taxes. That's applied to the purchase price of the vehicle. The dealer is supposed to collect the tax from the buyer, and pay it to the Department of Revenue. Transfers between private parties are taxed at a different "rate."

The tax is based on the city where the car buyer lives. The least a buyer can pay is 6.25%. Chicago car buyers pay 9.5% in sales taxes, which would add an additional $950 to that $20,000 trade-in. "This is a huge concern for us," said Pete Sander, president of the Illinois Automobile Dealers Association.

Most states require sales tax to be paid only on the difference between the price of your trade-in and the vehicle you're buying, not the full price of the next car. But this tax benefit doesn't apply if you sell your old vehicle yourself.

The fee for a first-time registration or renewal in Illinois is $101. If you are also titling a car you just bought, the title fee is $95. You'll also need to pay sales tax, which varies depending on where you live in Illinois. But expect to pay between 6.5 and 7.5 percent of what you paid for the vehicle.

This page covers the most important aspects of Illinois' sales tax with respects to vehicle purchases. For vehicles that are being rented or leased, see see taxation of leases and rentals. Illinois collects a 7.25% state sales tax rate on the purchase of all vehicles.

The state currently collects no sales tax on a car's trade-in value, which acts as credit toward a new vehicle purchase. By law, sales tax only applies to the difference between trade-in value and the new vehicle's purchase price. That changes Jan. 1. Under Senate Bill 690, signed June 28 by Gov. J.B.