New Lease Tax Laws in Illinois now mean more car for less money!
New lessees could save up to 50 percent in taxes. That's right, up to 50 percent!
Everyone loves a tax break. This is big news you can take to the bank. Even better, leasing your next new car or truck allows you to afford more for less money. With an automobile lease, you do not pay for the entire car, you only pay for what you use. That means lower monthly payments for the same car, or more car then you ever thought possible.
Stretch your dollars, now lower taxes mean less cost to lease your next vehicle. With leasing you can get a new car every three or four years, the latest automobile technology more often, state of the art safety features, outstanding fuel economy, and low maintenance costs.
New Tax Laws Give You a Break: Prior to January 1, 2015, when you leased a car, you paid tax based on the full value of the vehicle... even though you might only use it for 36 months and pay a few thousand dollars toward it. Starting January 1, 2015, you are now only taxed on the payments you make, regardless of the vehicle's full value! This means you save big.
Upgrade Your Vehicle for Less: Leases let you make lower monthly payments than loans since you only pay for the time you use the car and not its full price. This means you could be able to afford extra features or even a higher-end model that would be out of your reach if you were purchasing instead!
Get the Latest Technology: If you're the kind of person who needs to have all the latest vehicle tech, leasing can help you stay on top of all the newest auto innovations. Because leases are only for a few years, you can refresh your vehicle often and always have the best new gadgets without the hassle of having to sell your vehicle and buy a whole new one yourself.
Return, Extend, or Buy: Leasing offers flexibility you won't get any other way. When your lease ends, you can opt to trade the car in for a different one, but you can also choose to extend your lease or even purchase the car outright. Leasing a new vehicle is really a great chance to try out a vehicle and see if it could fit in with your lifestyle for years to come.