Illinois Automobile Dealers Association

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
7:24 am
Mon March 31, 2014

Regulators: Illinois Sunday Car Sales Ban Bad For Competition

Credit autobizz.com

Federal regulators say Illinois' longstanding ban on Sunday automobile sales isn't good for competition and can be harmful to the marketplace.  

The Federal Trade Commission says the prohibition on Sunday automobile sales also makes it more difficult for drivers to shop around for the best deal.  

The agency issued the statement late last week in response to a measure introduced by state Sen. Jim

Oberweis, who wants to repeal the law that went into effect in 1983.  Oberweis asked the FTC to weigh in. Violators can face a $1,500 fine.  

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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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