since i haven't bought a car in quite some time, how much tax would i expect to pay for this....

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Jun 15, 2005 | 10:28 AM

mdwsta4â„¢uroslut

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since i haven't bought a car in quite some time, how much tax would i expect to pay for this....

a $6k car. even if i'm not driving it, i still have to register it within 30 days of purchasing it, correct? or is it 60 days?

i wasn't trying to buy a car until september or so when i turn in the TT, but this is a great deal for the mileage and all, so i'm just planning things out.
<a href="http://autotrader.com/fyc/vdp.jsp?car_id=184198380&dealer_id=54714664&car_ye ar=1998&search_type=used&make=VOLKS&model=GTI&tran smission=Manual&distance=0&address=60048&only_pric e=1&advanced=&certified=&max_price=&min_price=&fir st_record=26&end_year=1999&color=&start_year=1997& color3=&color2=&isp=y&pager.offset=25&engine=6+Cyl inder&lang=&doors=Two+Door&cardist=223#vdptop">car in question</a>

Jun 15, 2005 | 11:43 AM

shrtbus(w/ cq)

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doesn't it depend on what price on you put on the title?

in ohio you can buy a car for 10K, and only put the price on the title a 2K so you'll only pay tax on the 2K...

private sale only of course

Jun 15, 2005 | 12:12 PM

mdwsta4â„¢uroslut

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no clue, that's why i'm asking...

i haven't bought my own car since 97 or so. i've been having it good with company cars.
even if i do put down X amount of dollars, what's the tax % on it? 6%?

Jun 15, 2005 | 12:21 PM

Berserker

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When I titled my 200q20v and UrQ in IL...

I got charged $11 for tax because the cars were over 10 years old. For you, this is not the case, but I do believe that the tax is based on how old the car is in IL, and not what you paid for it, as it is in OH, where I am again now.

Jun 15, 2005 | 12:35 PM

520

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I don't know....last time I bought mine, in december, they didn't even ask me how much I paid....

they charged me $15. I bought it out of state, it is 15yrs old and I used my old plates/transfered them over....not sure if any of that plays a role??

Jun 15, 2005 | 03:31 PM

DaveyKid

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What year is the car?

Jun 15, 2005 | 08:12 PM

mdwsta4â„¢uroslut

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98 (should say in the link)

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Jun 15, 2005 | 08:29 PM

Scott D.Â³

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It depends on if the car is purchased from a dealer or from a private party.

If purchased from dealer, the title will be marked as 1. Owner of record, 2. Dealer stamp as temp owner (but not really transferred) then 3. As then marked sold to you. In this case you will pay the state of IL (your tax rate, in Dupage County its 6.25%) times the actual cash transaction. I.E. 6000.00 X 6.25% = 375.00 varies by county for tax percentage.

If purchased from a private party the IL tax code breaks it down by the year of the vehicle...In your case the tax from private party is 50.00 on a 9 year old vehicle. The title issued to you by a private party will be marked as signature transfer to you from that party.

You won't be able to fudge the dealer / private party deal though when you go to register. Any agent of the state (DMV/ Title processor / Currency Exchange) will see the dealer stamps and automatically charge you the percentage times the cash value and will then require you to show the bill of sale by the dealer as well as the tax status paid receipt in order for you to prove the actual sales amount.