Anderson Toyota
Sales: 866-311-2174
Service: 866-382-4418

Illinois Lease Tax Savings at Anderson Toyota in Rockford, IL

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As of January 1st, 2015, tax on new vehicle leases in the State of Illinois will only be paid on the money due at lease inception and the monthly lease payments.  This will save Illinois residents hundreds of dollars over the term of a lease.  

Under HB2317 "Long-Term Lease Tax Legislation", customers will no longer be required to pay tax on the entire capitalized cost (the negotiated price) of the vehicle when leasing.  

Although the percentage of customers who choose to lease vs. purchase a vehicle are high nationwide, Illinois rates have been comparably much lower overall. Leasing now allows for an affordable and attractive option.

Anderson Toyota in Loves Park offers the lowest tax rate available in the State at 6.25%.  Even customers closer to Chicago, in certain counties, will see a tax benefit by leasing from Anderson Toyota. 

Leasing a vehicle is popular because customers can often get more for their money.  Options that may not be affordable when purchasing because of a higher monthly obligation are often times obtainable when leasing. 

If you're looking for options such as a leather interior, sunroof, navigation or a higher trim level, leasing may be a way to make these items much more affordable and allow you to drive the car of your dreams!  Choose from our entire new car inventory. We can even customize your lease, ask us how!

Contact us with your Toyota leasing questions by filling out the form below or call us at 815-397-8995. 

Anderson Toyota is located at 4100 N. Perryville Rd in Loves Park near Rockford, IL and leases new Camrys, Corollas, Siennas, Avalons, Prius, Rav4, Highlanders, Tundras, and more!  Contact us regarding low lease payments on the Toyota vehicle of your choice.