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Vehicle · Free calculator

Car loan payment

Your monthly car payment, amount financed and total interest, with Minnesota sales tax and your trade-in counted. No account needed.

Your numbers

Answer each Yes/No question, then fill in the amounts that appear. Use 0 only when an amount is truly zero. Want to see how it works first? Load example numbers below.

Is this a simple-interest loan with the same payment every month?

Almost every bank, credit union and dealer car loan is. Not a balloon loan, a lease, or a loan paid weekly.

The agreed price before tax, fees and your trade-in, after any rebate. For example, 35,000. Dealer add-ons like rustproofing or mud flaps belong in the price: Minnesota taxes them too.
Used-car loans often have a higher rate. A used car that is 10 or more model years old and worth under $3,000 can pay a flat $10 Minnesota tax instead of the percentage.
A private seller rarely takes a trade-in, but if they do, it lowers the price the tax is figured on. Only a dealer charges a documentary fee and the $20 local excise tax. On a private sale you pay the tax yourself when you transfer the title.
Are you trading in a car?

A private seller rarely takes a trade-in, but if one does, it counts the same as at a dealer. In Minnesota the trade-in allowance comes off the price before the 6.875% tax, which saves tax even when you still owe on it.

Cash or a rebate you put toward the car, not counting the trade-in. For example, 3,000. Enter 0 for none.
Buying in Minnesota?

Answer Yes if you will title and register the car in Minnesota: we add the 6.875% motor vehicle sales tax, the $20 local excise tax where it applies, and Minnesota’s title, tab and plate fees. Answer No to enter another state’s tax rate and fees.

The documentary fee and any other fees on the purchase agreement. For example, 350. Minnesota caps the documentary fee at $350 (or 10% of the sale, if less). Minnesota doesn’t tax it.
Adding them to the loan means less cash today but more interest. Paying in cash keeps the loan smaller.
The annual percentage rate on the lender’s or dealer’s offer. For example, 6.9. A 0% promotional rate is fine: enter 0.
A longer loan lowers the payment but costs more interest, and you can owe more than the car is worth for years.

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Assumptions, sources & limitations

Planning estimates only. Not a tax return, filing, payment, lending quote or personalized advice. Results depend on complete and accurate inputs. No guarantee of savings or penalty protection. Tax figures checked October 31, 2026; changes and special rules may apply. This initial release needs firm validation before client reliance.