Use this calculator to estimate how much a vehicle will cost to buy. Fill out the provided available values to the correct amounts and a monthly payment amount will be provided.
Vehicle Sales Price:
This is the cost of buying the vehicle, including all additions to the initial cost of the vehicle. Ensure you know the cost of those additions if you plan on adding them to your vehicle purchase.
This is the sales tax applied to the price of the vehicle being purchased. The current field is the standard sales tax in Minnesota, but if your area's sales tax is different, change it.
The amount of money put down on the vehicle sales price from trading in a vehicle. This is applied before sales tax is applied on the vehicle sales price.
Owed on Trade-In:
The amount of money still owed on a vehicle being traded in. This is applied after sales tax is applied on the vehicle sales price.
The amount of cash that is put down on the vehicle sales price. This is applied after sales tax is applied on the vehicle sales price.
This is the total of all applicable fees added to the sale. These generally have tax integrated into the fee. The applicable fields can be found in the "Fees" table below.
This is the interest rate of the loan to be applied to the sale of the vehicle.
Loan Term (Months):
This is the number of months that the loan is to be paid over.
This is the fees that are added onto your vehicle sales price after money down is subtracted from the amount. These fees are not affected by sales tax.
This fee is set based on the price of the vehicle. The value provided is approximate according to standard percentages.
This is the fee for documenting the sale and is usually a standard $75. If you know your document fee and it differs, change it in the available field.
Title Transfer Fee:
This is the cost of transferring the title the vehicle into your name and is usually about $35. If you know your title transfer fee and it differs, change it in the available field.