New Trade-In Tax Law, New Ways to Save in Springfield, IL

 

The state of Illinois recently passed a law placing a sales tax on traded-in cars worth over $10,000. The law took effect in the beginning of 2020 and applies to old cars purchased in Illinois as well as out of state purchases. However, we here at Honda of Illinois do not want to discourage you from cashing in on your old car to purchase a new Honda or used car, so we offer a number of incentives to help shoppers save as much as they can. Check out our latest incentives on new Honda models as well as our featured used cars and bargain inventory at Honda of Illinois. Shoppers will find us conveniently located in Springfield, IL and less than an hour outside of Decatur.

A Fair Deal for Your Trade

While this new tax law on trade-in cars might reduce the return you receive on your old car, we here at Honda of Illinois will do our very best to ensure you get the most bang for your buck. When you use our Kelley Blue Book® Instant Cash Offer tool, you gain a fair market appraisal for your old car in Sherman, IL based on the vehicle's current value and serviced history. As long as you kept your car in exemplary quality over the years and the vehicle remains relatively free from major damage (excluding usual wear and tear), the KBB® tool will offer you the fairest amount possible.

Other Ways to Save

Even if you do not receive as great a return on your investment, our sales team wants to help drovers from Springfield to Jacksonville save in any way we can. Feel free to explore all of our available savings online, whether you want to enjoy a new or used car. Each month, we offer a plethora of special offers and leasing incentives on new Honda models, as well as a number of competitively-priced used cars through our featured pre-owned models near Taylorville.

Shop with Hondas of Illinois Today!

No matter what value your old car holds, we want you to know how many ways you can save in the long-term on our affordable new and used cars at Honda a of Illinois. Start shopping today among our specials and schedule a test drive here in Springfield. You will find Honda of Springfield conveniently located less than 10 minutes away from Chatham. See you soon!

Ask Us About Valuing Your Trade