Michigan Auto Loan Calculator with Tax and Tags

Days to First Payment:

How a Michigan car loan calculator includes tax:

Michigan includes the sale price and the doc fee in the taxable amount of an auto loan but excludes up to $5000 of the trade-in value.

Michigan car buyers get a tax break on trade-in vehicles up to a maximum of $5000.

Principal vs Interest

Tax vs Tags

Verbal Equation

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Principal vs Interest

Tax vs Tags

Cost Breakdown

Tax
Michigan car tax is $ at % based on an amount of $. This taxable value is combined from the sale price of $ plus the doc fee of $ minus the trade-in credit of $.

Tags
Michigan SOS registration fees are about $ on a $ vehicle based on a $15 transfer fee plus a $16 lien filing plus registration and plate fees calculated from a percentage of the vehicle value.

View the State of Michigan registration resources below to verify your exact amount, and use our SOS Override to adjust the calculator.

Reg Fee Calculator | Plate Fees

All data based on your calculation.

Verbal Equation

A car payment with Michigan tax, title, and license included is $ at % APR for months on a loan amount of $.

The payment is based on a net vehicle price of $, plus Michigan state fees, plus extended warranties. The net price comes from the sale price of $ minus the rebate of $.

The payment of tax and tags combined is $, but this may vary depending on vehicle type and intended usage.

The trade vehicle value is $, and after a trade loan payoff of $, the equity of $ applies to the vehicle purchase.

The documentation fee is $.

Adjust numbers in calculator.

Notes

Prepaid maintenance plans, extended warranties, and GAP insurance are not taxed in Michigan and provide considerable savings over paying down the road. You can include maintenance on the warranty line of the calculator for accurate handling.

The documentation fee is set by the dealer, but is not negotiable so expect it on the purchase agreement. The customary doc fee of $220 is the maximum allowed by the State of Michigan for vehicles priced over $4400. The maximum doc fee for vehicles under $4400 is 5% of the sale price.

EV surcharges are levied to offset declining fuel tax revenue. Add $135 to the SOS fees for electric vehicles and $47.50 for hybrids.

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