Mississippi Auto Loan Calculator
Calculate your car payment in Mississippi with 7% state sales tax (up to 8.0% with local). See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for Mississippi. Mississippi's state sales tax of 7% is applied to the vehicle price minus trade-in value. Local taxes may add up to 1% more. Monthly payment uses standard amortization: P × [r(1+r)^n] / [(1+r)^n - 1].
Key State Information
Mississippi auto buying facts: State sales tax 7%, up to 1% additional local tax. Average car insurance in Mississippi: $1,780/year. On a $35,000 vehicle, Mississippi sales tax alone is $2,450.
Frequently Asked Questions
How much is sales tax on a car in Mississippi?
Mississippi's state sales tax rate is 7%. Local jurisdictions can add up to 1% more, for a maximum combined rate of 8.0%. On a $35,000 car, state sales tax is approximately $2,450.
What is the average car insurance cost in Mississippi?
The average annual car insurance premium in Mississippi is $1,780, or about $148/month. This is near the national average.