Get The Facts On The 2020 Illinois Tax Change
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Hi {FIRST NAME}

I’m Greg Kennard, General Manager of Coad Chevrolet. The State of Illinois has enacted a tax law – effective Jan. 1, 2020 – that puts a cap on vehicle trade allowances. Currently, the state doesn’t collect any sales tax on your vehicle’s trade-in value, which acts as a tax credit toward the new vehicle purchase. Simply put, if you get a $30,000 trade-in allowance on a $47,000 vehicle, you only pay taxes on the $17,000 difference. Starting Jan. 1, 2020, the state imposed a cap of $10,000 on trade allowances, which means that you would pay taxes on $37,000.

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If you’ve been thinking of getting a new car next year, don’t wait or you’ll lose a lot
of money. Get to Coad Chevrolet and trade in your car by December 31st!

Click here to learn more and hurry to Coad Chevrolet!

Thank you and best regards,

Greg Kennard

Coad Chevrolet

Cape Girardeau, MO

CoadChevrolet.com

(573) 837-4089

Coad Chevrolet