auto leasing

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.

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.