Buying a car from a private seller provides significant savings for buyers. Dealerships have overhead and need to account for profit, all of this is reflected in the sales price of a car. According to industry experts, private sellers price their car 20-25% below dealerships and pass the savings to buyers.
Purchasing a vehicle from dealership subjects a buyer to sales tax. Whereas, purchasing a vehicle from a private seller subjects a seller to use tax – which is significantly lower than sales tax. Assess the use tax for your next purchase at: www.revenue.state.il.us