If I buy a car from out of state, would I have to pay taxes on the car when I come back?

Also if I trade in my car at a dealership out of state, do I only have to pay the difference when I come back to IL. , or do I have to pay the full amount?

Need some advice!

Thanks guys!

 

i bought my car from a dealer in Tenn. Yes i had to pay the tax when i got back to IL, i had to do it when i registered for my IL plates. it kinda sucked you might be able to rap it into your financing.

becks

 

how much did you pay? did you pay the difference? or the full amount?

 

I paid 22,250 for my car with no trade and outside financing. The tax when i got home was someplace in the range of 1,600 that i had to pay out of pocket.

becks

 

You'll have to pay only the difference (Sales Tax on your new car - [ST allowance for your trade-in + any out of state tax paid]), you will not be double taxed.

It'd help you understand it better if you looked at form RUT-50 (& RUT-25).

 

You sure you know what you're talking about?
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I'm just being an UMW clown. I know this guy knows what he's talking about...hell just look at his screen name.

 

hahaha thanks tax man!!! got it!

 

donnie you had to pay 1600 on that? according to RUT-50, tax is $1k for vehicles between $20k and $24999 (i think). i'm expecting to pay $1k when i register for plates...

 

hmm i never was told of anything like that they made me pay a sales tax percentage. i think it was 7.25% of the total

donnie

 

so If I trade in my car I just have to pay the difference on my taxes right?