Lease deals in Chicago.
The headline monthly payment is half the story. The other half is Illinois sales tax at 10.25%, which you pay upfront on the full lease cap cost. Run the full math before you sign.
Illinois lease tax rule
10.25% sales tax, taxed on the full lease total at signing.
Illinois switched to taxing the full lease price in 2015. High sales tax + this rule makes Illinois leases expensive.
Run a lease vs buy verdict on your specific car.
Lease promotions move every month. The math on a real lease vs buy comparison does not. Drop your numbers in and we will tell you which path costs less over the years you plan to keep the car.
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