Car Loan Calculator

Illinois Auto Loan Calculator

Your monthly payment and total cost for a car bought in Illinois, with the 6.25% state tax and Illinois's trade-in rules already filled in.

What do you know?
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The negotiated price of the vehicle before rebates, taxes and fees.

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Get pre-approved by a bank or credit union to know your real rate before visiting the dealer.

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Manufacturer or dealer cash back. Some states tax the price before the rebate; pick your state to apply its rule.

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What the dealer will give you for your current car.

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Your current loan balance. If it is more than the trade-in value, the difference gets added to the new loan.

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Picking a state fills in the state rate. Add your county or city rate on top for a closer estimate.

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Doc fee, title, registration, plates and destination charge. Ask the dealer for an out-the-door price to see them all.

Monthly payment

$659.13

for 60 months at 6.5% APR

Vehicle price
$35,000
Amount financed
$33,688
Sales tax
$2,188
Due at signing
$5,000
Total of payments
$39,548
Total interest
$5,861
Total cost of the car
$44,548
Car (after rebates): $35,000Interest: $5,861Tax & fees: $3,688
  • Car (after rebates)$35,00079%
  • Interest$5,86113%
  • Tax & fees$3,6888%

Compare loan terms

Same car, same rate. Longer loans lower the payment but raise the total you pay.

TermMonthlyInterestTotal cost
36 mo (3 yr) $1,032.49 $3,482 $42,170
48 mo (4 yr) $798.90 $4,660 $43,347
60 mo (5 yr) $659.13 $5,861 $44,548
72 mo (6 yr) $566.28 $7,085 $45,772
84 mo (7 yr) $500.24 $8,333 $47,020

Payment schedule

YearPaymentPrincipalInterestBalance
1$7,909.62$5,893.45$2,016.17$27,794.05
2$7,909.62$6,288.14$1,621.47$21,505.91
3$7,909.62$6,709.27$1,200.34$14,796.63
4$7,909.62$7,158.60$751.01$7,638.03
5$7,909.62$7,638.03$271.59$0.00
Show all 60 monthly payments
MonthPaymentPrincipalInterestBalance
1$659.13$476.66$182.47$33,210.84
2$659.13$479.24$179.89$32,731.60
3$659.13$481.84$177.30$32,249.76
4$659.13$484.45$174.69$31,765.31
5$659.13$487.07$172.06$31,278.24
6$659.13$489.71$169.42$30,788.53
7$659.13$492.36$166.77$30,296.16
8$659.13$495.03$164.10$29,801.13
9$659.13$497.71$161.42$29,303.42
10$659.13$500.41$158.73$28,803.01
11$659.13$503.12$156.02$28,299.89
12$659.13$505.84$153.29$27,794.05
13$659.13$508.58$150.55$27,285.47
14$659.13$511.34$147.80$26,774.13
15$659.13$514.11$145.03$26,260.02
16$659.13$516.89$142.24$25,743.13
17$659.13$519.69$139.44$25,223.44
18$659.13$522.51$136.63$24,700.93
19$659.13$525.34$133.80$24,175.59
20$659.13$528.18$130.95$23,647.41
21$659.13$531.04$128.09$23,116.36
22$659.13$533.92$125.21$22,582.44
23$659.13$536.81$122.32$22,045.63
24$659.13$539.72$119.41$21,505.91
25$659.13$542.64$116.49$20,963.26
26$659.13$545.58$113.55$20,417.68
27$659.13$548.54$110.60$19,869.14
28$659.13$551.51$107.62$19,317.63
29$659.13$554.50$104.64$18,763.13
30$659.13$557.50$101.63$18,205.63
31$659.13$560.52$98.61$17,645.11
32$659.13$563.56$95.58$17,081.55
33$659.13$566.61$92.53$16,514.94
34$659.13$569.68$89.46$15,945.27
35$659.13$572.76$86.37$15,372.50
36$659.13$575.87$83.27$14,796.63
37$659.13$578.99$80.15$14,217.65
38$659.13$582.12$77.01$13,635.53
39$659.13$585.28$73.86$13,050.25
40$659.13$588.45$70.69$12,461.81
41$659.13$591.63$67.50$11,870.17
42$659.13$594.84$64.30$11,275.33
43$659.13$598.06$61.07$10,677.27
44$659.13$601.30$57.84$10,075.97
45$659.13$604.56$54.58$9,471.42
46$659.13$607.83$51.30$8,863.59
47$659.13$611.12$48.01$8,252.46
48$659.13$614.43$44.70$7,638.03
49$659.13$617.76$41.37$7,020.27
50$659.13$621.11$38.03$6,399.16
51$659.13$624.47$34.66$5,774.69
52$659.13$627.86$31.28$5,146.83
53$659.13$631.26$27.88$4,515.58
54$659.13$634.68$24.46$3,880.90
55$659.13$638.11$21.02$3,242.79
56$659.13$641.57$17.57$2,601.22
57$659.13$645.04$14.09$1,956.17
58$659.13$648.54$10.60$1,307.64
59$659.13$652.05$7.08$655.58
60$659.13$655.58$3.55$0.00

How Illinois taxes car purchases

State vehicle tax rate
6.25%
Trade-in lowers the tax
Yes
Tax cap
None
Source
Official source, checked 2026-10-05

These are the rules for a new car bought from a dealer. Used-car and private-sale rules can differ. How we check this data.

Illinois charges 6.25% at the state level. Local taxes add more. That rate is higher than 35 states and lower than 13 states. County and city taxes may add to it, so check your local rate and enter the total in the calculator.

What to know in Illinois

Illinois charges 6.25% at the state level on vehicles bought from a dealer, and local taxes are added on top. Trade-ins lower the taxable price in full. In 2020 and 2021 Illinois capped the trade-in credit at $10,000, and some calculators and articles still mention that limit, but it ended on January 1, 2022.

If you're trading in a valuable car, the change matters. A $20,000 trade-in now saves $1,250 in state tax, double the $625 it would have saved under the old cap.

Does Illinois tax your trade-in?

No. Illinois only taxes the difference between the new car's price and your trade-in. On a $35,000 car with a $10,000 trade-in, you'd pay $1,562.50 in state tax instead of $2,187.50, a saving of $625.00. That saving is worth counting when you compare a dealer's trade-in offer with selling the car yourself.

Example: a car loan in Illinois

A $35,000 car with $5,000 down, $1,500 in fees, and a 60-month loan at 6.5% APR ($2,187.50 state tax, rolled into the loan):

Change any number in the calculator above to see your own figures.

Rebates and fees

The calculator charges tax on the price before any manufacturer rebate. Ask the dealer how Illinois treats your specific rebate. Title, registration and dealer documentation fees vary, so ask for an itemized out-the-door price and put the fee total in the calculator.

Other states

States with similar vehicle tax rates:

Compare car sales tax in all 50 states and DC