State: Minnesota

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How a MN auto loan calculator includes tax:

Minnesota includes the sale price and the doc fee in the taxable amount of an auto loan but excludes the trade-in value and the rebate.

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Minnesota car buyers get a tax break on trade-in vehicles and rebates.

Principal vs Interest

Tax vs Tags

Verbal Equation

See credit union interest rates for APR.

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Principal vs Interest

Tax vs Tags

Cost Breakdown

Tax
Minnesota 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 value of $ minus the rebate of $.

Tags
Minnesota DVS fees are about $ on a $ vehicle based on $40.50 for the title and license plates plus a yearly registration fee that varies by vehicle age and value.

View our Minnesota registration calculator to verify tag fees, and use the DVS Override to adjust the calculator.

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All data based on your calculation.

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Verbal Equation

A car payment with Minnesota 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 Minnesota 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.

Note

Prepaid maintenance plans are not taxed in Minnesota and provide considerable savings over paying down the road. 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 to see it on the contract. The standard doc fee of $350 is the maximum allowed by the State of Minnesota.

EV surcharges are levied to offset declining fuel tax revenue. Include an additional $350 to the DVS fees for electric vehicles.

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