The next CVR Illinois Quarterly Webinar is 10- a.m.-12 p.m. Nov. 18. Registration is $49 for customers, $59 for non-customers.

 

Topics to be reviewed include:

 

• How to Process a Lease Buy Out

• Inventory

• Processing a Conversion Title in CVR

• Secure POA VS Sec of State POA

• Changes coming Jan. 1

- Conversion Title Fee

- Trade Tax Cap Going Away

- Electric Plates

- Title Fee going to $155

• 90-Day Drive Away Ordering Process and Fee

• Forms Explanation

• Processing an ATV Application on CVR

 

The presentation will be led by CVR Account Executive Joey White, who has 21 years’ experience in state regulation processing.

 

Reminder: $10,000 cap on vehicle trade-in credits expires Dec. 31

Legislation supported by the CATA and the IADA to remove the $10,000 cap on first-division motor vehicle trade-ins takes effect on Jan. 1. If a customer makes an advance trade-in of a first-division vehicle that is valued at over $10,000 and waits until then to use the credit, the customer will be entitled to a full trade-in credit.  

 

Put another way, the value of the trade-in credit is based on the date the credit is used, not the date the vehicle is traded in.