Tax and license on pickup trade

I just traded in 2019 Chev pickup for a 2021 GMC at a dealer in Wisconsin.
I live in Minnesota and will license it here.
New truck–$59,000
Trade in value– $42,000
Net trade–$17,000
Will I pay sales tax on the whole $59K or just the 17K?
2019 Chev had 104,000 miles on it.

17k

But I ‘spose the license will be on the whole 59K. Gotta love Minnesota>

21 duramax ?

Bearcat, I got the 6.2 gas job, Had it in the last one and loved it.
21 mpg and lots of power. I can’t stand the smell of diesel.

Love the 6.2 great motor.

Look at the bright side. If you lived in Illinois. You would get a break on the first 10K. Pay taxes on $49,000, no matter where you buy it.

Do they recommend putting premium in those 6.2s still?

wkw wrote:

But I ‘spose the license will be on the whole 59K. Gotta love Minnesota>

Why wouldn’t it be? The purchase price was 59k. The fact that he sold his old vehicle to the dealer is irrelevant. What other state(s) subtract your trade value from the purchase price of the new vehicle to determine the license fee?

This might help:

https://dps.mn.gov/divisions/dvs/forms-documents/Documents/JTF-MV-Fee-Chart.pdf