So, In Illinois, one has to pay full sales tax at the beginning of the lease, and if you want to buy the car at the end of the lease, you have to pay where can i get my free credit report Savannah it again.
Here's a response from the where can i get my free credit report Savannah State of Illinois: The State of Illinois taxes leased vehicles differently than the majority of other states. In Illinois, tax is due up front on the full selling price of the vehicle. This applies to vehicles that are leased for a period of more than one year. As the owner of the vehicle the lessor is liable for tax. However, the lessor generally passes this tax liability on to the lessee of the vehicle. If at the end of the lease term, the lessee chooses to where can i get my free credit report Savannah purchase the vehicle, the where can i get my free credit report Savannah lessee becomes the owner and is responsible for paying tax on the purchase price at that time. mycreditreport The rate of tax that applies to retail sales within Illinois varies based on the location of the sale. Please refer to where can i get my free credit report Savannah our publication Sales Tax Rate Reference Manual. You may download this publication from our web site. Please refer to our publication STS-76 Illinois Vehicle Tax Information Guide.
Also be aware that in some cities, such as Chicago, you also pay a use tax (currently 6%) with each monthly payment.
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