Receive a Tax Credit for Your Trade-In

There are many benefits to trading in your vehicle when the time comes for an upgrade. Fortunately, Serra Buick GMC Champaign is here to help you every step of the way.

We believe powerful and exciting vehicles should be available to all drivers, and trading in your vehicle is a great way to save on your next car.   

Trade-In Tax Credits 

It’s currently easier than ever to save on your next trade-in when you visit Serra Buick GMC Champaign. Recently, a law was passed that capped trade-in sales tax credits at $10,000, which meant drivers couldn’t enjoy the full benefits of trading in their vehicles. The good news is that earlier this year, that law was rolled back, allowing drivers to access all the comprehensive benefits of trading in their vehicles.   

What This Means for You

When you go to trade in your vehicle, the total value of your car will be deducted from the value of your next car, and sales tax will only be collected on the remaining vehicle cost. Because sales tax is one of the in-between costs that can really add up when you’re purchasing a car, these savings can help you find the perfect car, expand the inventory of available models, and make it easier to pay off your vehicle quickly and efficiently.

Take home the car you really love with sales tax credit savings in your pocket. Learn more about the trade-in vehicle process and begin saving big on the cars you love here at Serra Buick GMC Champaign. We look forward to helping you find your next great ride!