Car Affordability by State
Car affordability calculator — Minnesota
Minnesota charges roughly 6.9% sales tax on vehicles, plus about $73 in title and registration fees. We fold those into your real budget below — on a typical $60k income that's a comfortable car budget near $27,503.
Sales tax
6.9%
Title + reg
$73
Safe budget
$27,503
Monthly payment
$750
Your Minnesota car budget
$
Before taxes
$
Rent, debts, bills — not car
$
$
Credit score700
Prime · suggested 7.0% APR
Interest rate (APR)7%
Auto-set from credit score
Your result
Maximum car price
$42,643
Safe range $22,256 – $29,674
Monthly payment
$825
Total loan cost
$49,500
Total interest
$7,836
DTI ratio
73.0%
incl. new payment
Approval likelihoodLow
44/100 score
Get pre-qualified
Compare real loan offers
Most checks are a soft pull and won't affect your credit score. Shop your rate before you set foot in a dealership.
Best overallAutoApproveRefinance or new-purchase loans. Soft credit check, rates from 5.49% APR.Check your rate →Fast quotesmyAutoloanUp to 4 real offers in minutes from a lender network. All credit types.Compare offers →Bad credit OKCapital One Auto NavigatorPre-qualify with no impact to your credit score and shop participating dealers.Pre-qualify →Excellent creditLightStreamLow fixed-rate financing for super-prime buyers. No fees, same-day funding.See rates →
Advertiser disclosure: offers above are illustrative affiliate placements. We may earn a commission.