AutoLoanByState
IL vehicle financing

Illinois Auto Loan Calculator

Estimate Illinois vehicle costs using separate dealer-sales and private-party vehicle-use-tax rules.

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Illinois state guide

Illinois dealer and private-party taxes differ

Illinois dealer sales use Retailers’ Occupation Tax at 6.25% state plus applicable local rates and allow qualified trade-in credit. Private-party purchases use the RUT-50 vehicle-use-tax schedule based on purchase price/fair market value and, under $15,000, vehicle age.

Title and registration

Standard passenger title is $165 and registration is $151; electric vehicles pay $251 annual registration. Some local governments also impose private-party vehicle use taxes.

Worked example

A private $12,000 vehicle does not use 6.25%; its state RUT-50 amount comes from the vehicle-age table.

Calculate your own scenario

Adjust the vehicle price, trade-in, financing terms, and other inputs above to estimate your own Illinois vehicle purchase.

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