Pugi Volkswagen

2020 West Ogden Avenue
Directions Downers Grove, IL 60515

  • Sales: (630) 964-9500
  • Service: (888) 431-8071
  • Parts: (877) 811-2612


Earlier this year on June 28th Governor J.B.Prizker signed into law Senate Bill 690, which will mandate state and local sales tax will be applied to any trade-in value above $10,000. This is different than the current regulations that do not apply any sales tax on trade-in vehicles and takes place starting January 1, 2020.

Here's how it can impact you. If you were to trade in a vehicle that is worth $25,000 you would receive a tax break on the new purchase of $1,750. Under the new bill you now only receive a tax credit on just $10,000 of the trade in value which is only $700 resulting in a loss of $1,050.

Please contact us if you have any questions or need assistance.

Example Trade-In ValueTax Savings NowTax Savings 01/01/20Potential Loss