Quote:
Originally Posted by teaston
Quote:
Originally Posted by arciga18
Tax law changes in Illinois so there is some incentive to flip the car before January 1st,
Trade in credit capped at 10k,
I pay 9.5 percent tax so my 45k x4 is leaving 3.5 k on that table after January 1st
Problem is that lot options are pretty poor
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I have no idea what you’re talking about, but good luck!  |
Lol.
If you trade in 100k car and buy 100k car you pay zero tax.
On January 1st if you trade in 100k car and buy 100k car . Then I have to pay tax on 90k.
That's an extra 8,500 .