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CVR processing webinar Nov. 18

November 12, 2021
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. 
 
 

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