0
Is there a state limit in Illinois for a doc fee when buying a new car?
Wiki User
∙ 14y ago
Yes, it's $150, but it's not a law. They (dealers) don't have to charge it, but they will. IT IS NOT A TAX IT'S A FEE, they lobbied for (donated money to IL politicians campaigns).
Just make sure you remember to subtract $150 when negotiating price. Do not tell them what your doing, or be obvious about it. Whatever number works for you, offer $200 less to cover the doc fee, let them work the other $50 out of you.
"DOCUMENTARY FEE. A DOCUMENTARY FEE IS NOT AN OFFICIAL FEE. A DOCUMENTARY FEE IS NOT REQUIRED BY LAW, BUT MAY BE CHARGED TO BUYERS FOR HANDLING DOCUMENTS AND PERFORMING SERVICES RELATED TO CLOSING OF A SALE. THE BASE DOCUMENTARY FEE BEGINNING JANUARY 1, 2008, WAS $150. THE MAXIMUM AMOUNT THAT MAY BE CHARGED FOR A DOCUMENTARY FEE IS THE BASE DOCUMENTARY FEE OF $150 WHICH SHALL BE SUBJECT TO AN ANNUAL RATE ADJUSTMENT EQUAL TO THE PERCENTAGE OF CHANGE IN THE BUREAU OF LABOR STATISTICS CONSUMER PRICE INDEX. THIS NOTICE IS REQUIRED BY LAW."
(Source: P.A. 95 280, eff. 1 1 08.)
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How can you buy a car from a relative in Illinois?
The state laws governing buying a car from a relative in the state of Illinois is the same for a relative as with any other person. Contact the Department of Motor Vehicles for exact instructions to legally purchase the car.
What is the age limit or pounds height for a child in the state of Illinois to be in a car seat?
10 years old
Who do you pay sales tax to when buying a car in Missouri when you live in Illinois?
Illinois
What will the taxes be if a car is bought in Illinois and the car is going to California immediately?
Yeah, so a car just buy in illinois. Buying illinois' simply the way it is
How can you get your money back after buying a car and it keeps going wrong?
And Illinois public car auction can you get your money back if you buy a card it won’t start
What sales tax rate do you use if you buy a car in Illinois and live in Wisconsin?
If you're buying a car out of state, you'll pay sales tax when you register the car in your home state. Most dealers can handle registrations in other states, too.
What is the time limit to return a new car in the state of Illinois?
Illinois has a 3 day recision law which allows cancellation of a contract within three business days after the contract was signed.
What is the Illinois car sales tax rate?
at percantage of the cost of a new car is the sales tax in the state of Illinois?
Where can you find discount car insurance in Illinois?
Most major insurance companies offer car insurance in Illinois, including State Farm and Allstate. Illinois Car Insurance Center also offers car insurance to Illinois residents.
Is it illegal to sell a car with a cracked windshield in Illinois?
No, it is not illegal to sell a car with a cracked windshield in the state of Illinois. However, it is illegal to drive a car with a cracked windshield in almost any state.
If you live in Illinois can you buy a car in Wisconsin?
If you live in Illinois you can buy a car in Wisconsin. You may have to pay the tax difference when you register the car in the state you live in.
What are some tips for buying a used car from a dealer?
Some tips for buying a used car from a dealer would be to find the right car for your needs, to save money by buying second-tier vehicles, and figure out how much you are willing to spend and keep at that budget limit.
