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In IL do I have to pay tax on a used car at the currency exchange when I get a title transfer?
Wiki User
∙ 16y ago
Yes, Ofcourse. The rate is 6.25%. say if you buy a car for $1000 . you pay 1000 x .0625 = $62.50 So every another thousand add $62.50. + Titlle transfer at currency exchange....
Wiki User
∙ 16y ago
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