![]() Dealerships also have the option to charge an additional documentation fee. These fees include:Īltogether, the average amount of Minnesota DMV fees is $388 for the purchase of a new car. ![]() Since these payments are separate from the sales tax, the Minnesota Department of Motor Vehicles collects these payments rather than the Minnesota Department of Revenue. The Sales Tax Handbook says that car buyers may have to pay additional fees apart from the sales tax for their recently purchased vehicle. Other Expenses When Purchasing a Car in Minnesota When making a private sale, auto dealers or deputy registrars collect the MSVT when the owner registers the vehicle. How Is the Motor Vehicle Sales Tax Rate Computed?Īccording to the Minnesota House Research Department, the MSVT rate is calculated based on how much the owner paid when they purchased the car, rather than charging the state general sales tax. According to the Minnesota Department of Revenue, when the title has been transferred to the new car owner, the buyer pays the MSVT to the Driver and Vehicle Services of the Department of Public Safety or to a deputy registrar. Per the Minnesota Department of Public Safety, when purchasing a new or used vehicle, owners must pay a 6.5 percent tax, otherwise known as a Motor Vehicle Sales Tax, or MSVT. What Is the Motor Vehicle Sales Tax in Minnesota? Let's review the state laws for making certain vehicle purchases in Minnesota. Determining how much sales tax and additional expenses you have to pay before purchasing a car helps you better prepare your finances and understand how much to save. Staying up to date on Minnesota sales tax on cars is important for all vehicle owners. ![]()
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