Minnesota Auto Loan Calculator
Calculate your car payment in Minnesota with 6.875% state sales tax (up to 8.9% with local). See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for Minnesota. Minnesota's state sales tax of 6.875% is applied to the vehicle price minus trade-in value. Local taxes may add up to 2% more. Monthly payment uses standard amortization: P × [r(1+r)^n] / [(1+r)^n - 1].
Key State Information
Minnesota auto buying facts: State sales tax 6.875%, up to 2% additional local tax. Average car insurance in Minnesota: $1,620/year. On a $35,000 vehicle, Minnesota sales tax alone is $2,406.
Frequently Asked Questions
How much is sales tax on a car in Minnesota?
Minnesota's state sales tax rate is 6.875%. Local jurisdictions can add up to 2% more, for a maximum combined rate of 8.9%. On a $35,000 car, state sales tax is approximately $2,406.
What is the average car insurance cost in Minnesota?
The average annual car insurance premium in Minnesota is $1,620, or about $135/month. This is near the national average.