Minnesota Auto Loan & Sales Tax Calculator
Calculate your Minnesota auto loan monthly payment and vehicle sales tax. Minnesota charges 6.875% on vehicle purchases.
Minnesota Sales Tax Rules
Minnesota charges 6.875% state sales tax on vehicles. Trade-in credit applies. Local taxes may add up to 2% in some areas. Also collects a Motor Vehicle Sales Tax (MVST) of 6.5% in lieu of the general sales tax for vehicle purchases — the effective rate for vehicle purchases is 6.5% MVST.
Source: Minn. Stat. § 297A.62
Frequently Asked Questions
What is the vehicle sales tax rate in Minnesota?
Minnesota charges a Motor Vehicle Sales Tax (MVST) of 6.5% on vehicle purchases — a dedicated vehicle tax rate slightly different from the general 6.875% sales tax rate under Minn. Stat. § 297A.62. The MVST is the rate that applies specifically to vehicle purchases.
Does Minnesota reduce sales tax for trade-ins?
Yes. Minnesota allows a trade-in credit for vehicle purchases. The trade-in value is subtracted from the purchase price before the Motor Vehicle Sales Tax is calculated.
Does Minnesota have additional local taxes on vehicles?
Some Minnesota counties and cities impose additional local taxes that may apply to vehicle purchases. The base MVST of 6.5% is the state-level rate; check your county's rate for the full combined rate.
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This tool is for informational and educational reference only and does not constitute financial advice. Calculations are estimates based on the inputs provided and state average data. Actual results will vary. Always consult a licensed financial advisor before making financial decisions.