If I buy a car in chicago from a private party. How much tax do I have to pay? say I bought the car for 27,000? whats the cost of tax? thanks for all your help guys.


David

 

no one? where is taxman when you need him?!

 

$1,250

 

 

im in cook county. is there any way around the tax?

 

Don't register the car.

 

Cook county is 7%, so $1890 on a $27,000 car.

 

damn thats sucks.. better to trade in the car at a dealership!

 

You'll pay sales tax anywhere you buy a car. If the dealer is legit, he will collect sales tax appropriate for where you live, not where he's located.

 

You save a ton in taxes when buying from a private party seller. If the car is over $15k then you pay a flat $1200 ish no matter if it is $15k or $50k. If you paid less than $15k then they go by how old the car is and you save a lot of money. The most then is around $250 and all the way down to $60 ish. It is better to buy from a private seller anyways because you get to talk to the owner and you have a better chance of negotiating without hassles.