auto leasing

Statehouse
5:32 pm
Mon April 21, 2014

Quinn Signs Law Intended To Lower Cost Of Auto Leasing

Credit Flickr user oldbrochures

Gov. Pat Quinn on Monday signed legislation intended to lower the cost of leasing a car in Illinois. Backers of the law say far fewer people lease in Illinois than in surrounding states.

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Statehouse
12:56 pm
Mon November 4, 2013

Car Dealers Push To Change Leasing Tax

Credit Flickr user oldbrochures

The price of leasing a car in Illinois could be lowered under a proposal before the Illinois General Assembly. Automobile dealers say leasing in Illinois has lagged behind other states.

If you were to lease a car today, chances are you'd be charged for tax on the full value of the vehicle, just like if you were buying it.

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