Illinois Auto Loan Calculator
Estimate your monthly car payments in Illinois. Include Illinois sales tax on vehicles and registration fees in your calculation.
Why calculating finance in Illinois is different
Illinois has a flat income tax and high local property taxes.
State Income Tax
4.95%
Base Sales Tax
6.25%
State Min Wage
$14.00 / hr
Abbreviation
IL
Illinois Finance Interactive Tool
This calculator uses the latest 2026 data for Illinois, including the minimum wage of $14.00 and the specific state income tax rates (4.95%).
Frequently Asked Questions about Illinois Finance
How is sales tax calculated on cars in Illinois?
When buying a car in Illinois, you must pay the 6.25% state sales tax plus any local taxes. In many states, this is calculated on the purchase price minus the value of your trade-in.
What are the average auto registration fees in Illinois?
Vehicle registration fees in Illinois vary by vehicle weight, age, and value. These fees are collected annually by the state DMV or equivalent agency.