Tax, Title & Plates on Private Party Vehicle?

[Shanezam203]

I'm trying to get an idea what Registration, Tax, Title and Plates will cost at the DMV here in Chicago after I purchase a used car.

Say a 2007 or 2008 gt500, does it go by the year and not the Purchase Price? :burnout:

Thanks,
Shane

 

[fiveohhhstang]

You should try the IL state website. I know the MT state website has a list of the registration costs for different types and years of vehicles.

 

[Dusten]

here are the basic fee's
Secretary of State Basic Fees

this is from that site

"Sales Tax

Is an individual required to pay sales tax when either purchasing a vehicle or being given a vehicle from a relative?
Yes, the RUT-50 sales tax form must be completed and submitted with the title and/or registration application. The RUT-50 sales tax form is available at your local Secretary of State Facility. For applicable tax amounts, contact the Illinois Department of Revenue at (800) 732-8866."

and here ya go on how to figure tax value...
http://www.revenue.state.il.us/TaxForms/Sales/RUT-50-Instr.pdf


google is your friend

 

[Shanezam203]

and here ya go on how to figure tax value...
http://www.revenue.state.il.us/TaxForms/Sales/RUT-50-Instr.pdf


google is your friend

That's what I was looking for, Thank You.

Table B Purchase price or fair market value Tax due
$15,000 to 19,999.99 . . . . . . . . . . . . . . . . $ 750
$20,000 to 24,999.99 . . . . . . . . . . . . . . . . 1,000
$25,000 to 29,999.99 . . . . . . . . . . . . . . . . 1,250
$30,000 or more . . . . . . . . . . . . . . . . . . . . 1,500

 

[king nothing]

My terminator cost me about 1600

 

[Camaro_94]

8% of $11000 + $130 for title & registration!

 

[Hissssss]

Don't ya love it...WA is a bunch of vampires too, take take take...

 

[pho_phizzat]

we have to pay 5% sales tax plus a huge ass registration fee, like the one listed

 

[black99lightnin]

we pay actual sales tax rate of the parish/county you live in. I'm at 7.5%, most of the state is 8.75-9% of total sales price. So 40K x .075 = $3000 + registration fees of about $150 for me. Tax, tax, tax!

 

[Dusten]

we pay 8.9% on the fair market value...