Buying Cars Made Simple

When purchasing a vehicle from a dealership, a buyer is subjected to sales tax. The sales tax is determined based on the buyer’s residence location. The above illustration assumes a buyer resides in the City of Chicago, Cook County.

When purchasing a vehicle through Swap Motors, a buyer is purchasing a vehicle directly from a private party seller. In Illinois, private parties’ car transactions are subjected to a private party vehicle use tax. The use tax rate is determined by either the purchase price or fair market value of the motor vehicle. Further details are accessible at: http://tax.illinois.gov/

Swap Motors and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax or accounting advice. You should consult your own tax and accounting advisors before engaging in any transaction.