Maine Auto Loan Calculator
Calculate your car payment in Maine with 5.5% state sales tax. See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for Maine. Maine's state sales tax of 5.5% is applied to the vehicle price minus trade-in value. Local taxes may add up to 0% more. Monthly payment uses standard amortization: P × [r(1+r)^n] / [(1+r)^n - 1].
Key State Information
Maine auto buying facts: State sales tax 5.5%. Average car insurance in Maine: $1,240/year. On a $35,000 vehicle, Maine sales tax alone is $1,925.
Frequently Asked Questions
How much is sales tax on a car in Maine?
Maine's state sales tax rate is 5.5%. There is no additional local sales tax. On a $35,000 car, state sales tax is approximately $1,925.
What is the average car insurance cost in Maine?
The average annual car insurance premium in Maine is $1,240, or about $103/month. This is below the national average.