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Minnesota auto loan calculator

Estimated monthly car payment in Minnesota

$235/mo

60 months at 7.54% APR · amount financed $11,730

State tax 6.875% on $15,000$1,031.25
Total sales tax$1,031.25
Dealer doc fee$699.00
Total interest$2,386.14
Total cost (price + tax + fees + interest)$39,116

No local vehicle tax in MN; state rate is the full tax. Source: Minnesota Department of Revenue, Motor Vehicle Sales (6.875% since July 1, 2023; local sales tax does not apply).

Used car $20k New car $35k $50k truck + $15k trade $30k, 84 months

Loan breakdown

Vehicle price
$35,000
− Trade-in
$20,000
− Down payment
$5,000
+ Sales tax (full trade-in credit applied)
$1,031.25
+ Doc fee
$699.00
+ Title/registration
$0.00
= Amount financed
$11,730.25
Monthly payment
$235.27
Total of payments
$14,116.39
Total interest
$2,386.14

Tax is applied to the price minus any allowed trade-in credit; whether doc fees, rebates and add-ons are taxable varies by state and isn't modeled. Assumes the trade-in has no loan balance.

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Minnesota car loan, at a glance: state vehicle tax 6.875% (Minnesota 6.875% motor vehicle sales tax (raised from 6.5% on July 1, 2023, per MN Department of Revenue); local sales taxes don't apply, though some cities/counties add a flat $20 vehicle excise.) A $35,000 car with $5,000 down over 60 months at 7.54% APR is about $664/mo, financing $33,105 incl. $2,406 tax and the $699 doc fee.

Base sales tax: Tax Foundation, Facts & Figures 2026, Table 18 (State & Local Sales Tax Rates), as of January 1, 2026. APR: Federal Reserve G.19, 60-month new car loan rate at commercial banks (FRED RIFLPBCIANM60NM), August 2026.

Minnesota car-buying taxes & fees

State vehicle taxMinnesota 6.875% motor vehicle sales tax (raised from 6.5% on July 1, 2023, per MN Department of Revenue); local sales taxes don't apply, though some cities/counties add a flat $20 vehicle excise. Confidence: high.
6.875%
General state sales taxTax Foundation, Facts & Figures 2026, Table 18 (State & Local Sales Tax Rates), as of January 1, 2026. Local taxes may add.
6.875%
Trade-in tax creditBest-effort. Confidence: medium.
Allowed
Doc fee capMinnesota caps dealer documentary fees (amount changed recently; verify).
None found
Title & registrationVaries by vehicle weight, value, age and county; not reliably sourced for every state, so enter your own estimate.
Editable

Sources & as-of dates

Base sales tax: Tax Foundation, Facts & Figures 2026, Table 18 (State & Local Sales Tax Rates) (as of January 1, 2026).
Vehicle-specific rates, trade-in rules and doc-fee caps: best-effort compilation from state DMV/revenue rules (Best-effort, checked October 12, 2026); e.g. Virginia DMV, Michigan Treasury Form 485, California CDTFA Regulation 1610.
Default APR: Federal Reserve G.19, 60-month new car loan rate at commercial banks (FRED RIFLPBCIANM60NM), 7.54% (August 2026). Data file: state-tax-rates.json.
Local vehicle tax (no local vehicle tax): Minnesota Department of Revenue, Motor Vehicle Sales (6.875% since July 1, 2023; local sales tax does not apply) (retrieved October 12, 2026). Minnesota's 6.875% motor vehicle sales tax is statewide; local sales taxes don't apply (some cities/counties charge a flat $20 local vehicle excise tax). Data file: mn.json.

Minnesota mortgage calculator → · Minnesota car sales tax calculator · All states

FAQ

What is the car sales tax in Minnesota?

6.875% at the state level. Minnesota 6.875% motor vehicle sales tax (raised from 6.5% on July 1, 2023, per MN Department of Revenue); local sales taxes don't apply, though some cities/counties add a flat $20 vehicle excise. Statewide general sales tax: 6.875% (Tax Foundation, Facts & Figures 2026, Table 18 (State & Local Sales Tax Rates), as of January 1, 2026).

Does Minnesota give a sales tax credit for a trade-in?

Yes. Minnesota generally taxes the price minus your trade-in value. (Best-effort; verify with the state DMV or revenue department.)

Does Minnesota add county or city tax on a car?

No. Minnesota's 6.875% motor vehicle sales tax is statewide; local sales taxes don't apply (some cities/counties charge a flat $20 local vehicle excise tax). (Minnesota Department of Revenue, Motor Vehicle Sales (6.875% since July 1, 2023; local sales tax does not apply)).

Does Minnesota cap dealer doc fees?

Minnesota caps dealer documentary fees (amount changed recently; verify). This calculator defaults to $699, editable.

What is the monthly payment on a $35,000 car in Minnesota?

With $5,000 down, no trade-in, the $699 doc fee, 6.875% state tax and 7.54% APR for 60 months, about $664 a month ($6,734 total interest). Local taxes and registration add to this.

Is this financial advice?

No. These are estimates, not financial advice.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.