State: Mississippi

Days to First Payment:

 Loan 
Calculator   Lease 
Calculator 

How are car loans in Mississippi calculated with tax?

Mississippi excludes the trade-in value from the taxable amount of an auto loan but includes the dealer doc fee.

---

Mississippi car buyers get a tax break on trade-in vehicles.

Principal vs Interest

Tax vs Tags

Verbal Equation

See credit union interest rates for APR.

---

Principal vs Interest

Tax vs Tags

Cost Breakdown

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

The exact taxable value will vary by vehicle based on the MSRP and the available state tax incentives.

Tags
Mississippi DMV registration fees are about $ on a $ vehicle based on a percentage of the vehicle’s value.

View this Mississippi tag estimator to verify fees and use the override options to adjust the calculator.

---

All data based on your calculation.

Compare Other States

Alabama Alaska Arizona Arkansas California Colorado Connecticut DC Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Verbal Equation

A car payment with Mississippi 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 Mississippi 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 Mississippi 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 clarify upfront what the dealer charges. The customary doc fee is $275 in Mississippi but may differ as there is no maximum set by the state.

EV surcharges are levied to offset declining fuel tax revenue. Add $150 to the DMV fees for electric vehicles and $75 for hybrids.

---

Auto Loan Calculators

•  By State 
•  By Credit Score 
•  By Salary 

---