Minnesota Auto Loan Calculator
Estimate your monthly car payments in Minnesota. Include Minnesota sales tax on vehicles and registration fees in your calculation.
Why calculating finance in Minnesota is different
Minnesota has a progressive income tax system.
State Income Tax
5.35% - 9.85%
Base Sales Tax
6.875%
State Min Wage
$10.85 / hr
Abbreviation
MN
Minnesota Finance Interactive Tool
This calculator uses the latest 2026 data for Minnesota, including the minimum wage of $10.85 and the specific state income tax rates (5.35% - 9.85%).
Frequently Asked Questions about Minnesota Finance
How is sales tax calculated on cars in Minnesota?
When buying a car in Minnesota, you must pay the 6.875% state sales tax plus any local taxes. In many states, this is calculated on the purchase price minus the value of your trade-in.
What are the average auto registration fees in Minnesota?
Vehicle registration fees in Minnesota vary by vehicle weight, age, and value. These fees are collected annually by the state DMV or equivalent agency.