Best Car Lease Deals in Illinois
Illinois changed in 2015 to tax only lease payments, not the full price. Below are the most competitive lease programs in the Illinois market this month.
Updated 2026-06-16 · Reviewed monthly
State
Illinois
Illinois
Lease tax rate
6.25%
State average
Federal EV credit
$7,500
Applies to all leased EVs
Popular vehicles to lease in Illinois
Driven by regional demand and dealer inventory in the Illinois market.
How leasing works in Illinois
Illinois changed in 2015 to tax only lease payments, not the full price. That tax structure is the biggest variable in Illinois lease pricing — every other element of a lease (residual value, money factor, manufacturer incentives) is set nationally by the captive lender.
Negotiation tips for the Illinois market
- Always negotiate selling price before discussing monthly payment
- Request the dealer's lease worksheet and verify residual % and money factor against published programs
- End-of-quarter (March, June, September, December) typically yields the deepest dealer discounts
- Stack manufacturer rebates (loyalty, conquest, college, military) — they apply directly as cap-cost reductions
- Use our lease calculator to verify the dealer's math