ILCS » Chapter 815 · Act 375
Illinois Compiled Statutes

815 ILCS 375/2.10 (2026)

"Deferred payment price" means the total of (1) the cash sale price of the motor vehicle purchased, (2) all other charges individually itemized which are included in the amount financed but which are not a part of the finance charge, and (3) the finance charge

✓ current as of May 2026
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(815 ILCS 375/2.10) (from Ch. 121 1/2, par. 562.10)
    Sec. 2.10. "Deferred payment price" means the total of (1) the cash sale price of the motor vehicle purchased, (2) all other charges individually itemized which are included in the amount financed but which are not a part of the finance charge, and (3) the finance charge.
(Source: P.A. 76-1781.)

    
Notes of Decisions
Cited in 2 cases, 2006–2006 · leading case: Walczak v. Onyx Acceptance Corp., 850 N.E.2d 357 (Ill. App. Ct. 2006).
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Walczak v. Onyx Acceptance Corp., 850 N.E.2d 357 (Ill. App. Ct. 2006). “Plaintiffs further alleged that, prior to the repossession, they paid an amount equal to 30% or more of the “deferred payment price” (815 ILCS 375/2.10 (West 2002)) under the contract or an amount equal to 30% or more of the total of payments due under the contract.”
Walczak v. Onyx Acceptance Corp. (Ill. App. Ct. 2006). “Plaintiffs further alleged that, prior to the repossession, they paid an amount equal to 30% or more of the "deferred payment price" (815 ILCS 375/2.10 (West 2002)) under the contract or an amount equal to 30% or more of the total of payments due under the contract.”
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