New Illinois Sales Tax Law
The New Illinois Sales Tax Law Means Lower Car Leases for Schaumburg Area Drivers
Thanks to the new Illinois sales tax law that took effect January 1, 2015, drivers in and around Schaumburg can look forward to saving hundreds of dollars when leasing a car. These changes in the tax law are pretty spectacular, and all of us here at Mercedes-Benz of Hoffman Estates are just as thrilled as you are. We’re gearing up in anticipation of Chicagoland drivers eager to take advantage of the terrific savings they’ll receive when leasing one of our world-class Mercedes-Benz vehicles.
You’ll Get More Car for Less Money
With the old sales tax law, anyone leasing a vehicle was taxed on the total capitalized cost of the vehicle up-front. This meant that on a vehicle priced at $30,000, you would have to pay 8.25 percent of that cost in taxes, which would total $2,475. If you were to lease that same vehicle now under the new sales tax law you would pay the 8.25 percent tax on the downpayment only, and 8.25 percent on each monthly lease payment. So, for example, if your downpayment was $2,000, the tax on that would be $165, and with monthly lease payments at $300 a month you’d pay only $24.75 each month in taxes. Your total tax cost over a 36 month lease would be $1,056, which represents a savings of $1,419!
Leasing a Car Never Looked So Good
Chicagoland drivers have never seen vehicle leases as affordable as they are right now. If you’ve been thinking of leasing the Mercedes-Benz vehicle you’ve always dreamed of, there’s no time like the present! Here at Mercedes-Benz of Hoffman Estates, we carry all of the exciting new Mercedes-Benz models, from the dynamic CLA-Class sports sedan to the capable and sophisticated GLK-Class SUV, we’ve got them all. Drivers from in and around Schaumburg will find that our prices are the most competitive and you can count on our finance specialists to help you secure the very best terms and rates available on a lease today.
Learn More at Mercedes-Benz of Hoffman Estates
Visit our Mercedes-Benz showroom near Schaumburg and find out how much you can save on a car lease today. We are located at 1000 W. Golf Rd. in Hoffman Estates, just an 8 minute drive from Schaumburg via N. Roselle Road and W. Higgins Road. Contact us if you have any questions, and come get the great lease you’re looking for today at Mercedes-Benz of Hoffman Estates!