Illinois Auto Loan Calculator
Calculate your car payment in Illinois with 6.25% state sales tax (up to 11.0% with local). See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for Illinois. Illinois's state sales tax of 6.25% is applied to the vehicle price minus trade-in value. Local taxes may add up to 4.75% more. Monthly payment uses standard amortization: P × [r(1+r)^n] / [(1+r)^n - 1].
Key State Information
Illinois auto buying facts: State sales tax 6.25%, up to 4.75% additional local tax. Average car insurance in Illinois: $1,840/year. On a $35,000 vehicle, Illinois sales tax alone is $2,188.
Frequently Asked Questions
How much is sales tax on a car in Illinois?
Illinois's state sales tax rate is 6.25%. Local jurisdictions can add up to 4.75% more, for a maximum combined rate of 11.0%. On a $35,000 car, state sales tax is approximately $2,188.
What is the average car insurance cost in Illinois?
The average annual car insurance premium in Illinois is $1,840, or about $153/month. This is above the national average.