A Correction

I posted about Minnesota's changes to their classic car registration and mentioned some steep prices...  In this post.

I said:

Betcha that there's a lot of shitboxes that are 2006 and older that have a "Collector's Vehicle, collector plate" who are doing it to avoid the 10% of original MSRP plus 1.575% of current value.

For reference a '69 Chevelle's MSRP is in the $2,600 ballpark.  Current value is VERY subjective, so let's say $50k because that's what Autotempest says.  So $1,047.50 a year to register your '69 Chevelle in Minnesota.  That's steep.

A 2006 Toyota Corolla ran $14,725 sticker price and is worth $6,500 today.  $1,574.88 a year.

See the incentive to call your shitbox a collector car?

 But I made an important error.

The percentage value of your car is only on a car that's 10 years or newer.  It was also $10 plus a percentage not 10% of MSRP plus a percentage of current value.

The classic car we're talking about gets a $30 flat fee, plus $8 renewal fee, plus $2.25 technology fee, plus $15.50 or $13.50 for plates depending on if you want one or two and some counties add up to $20 for "wheelage".

$53.75 to $75.75 a year depending on how many plates and what county you live in.

The lifetime classic plate fee of $178.50 is a bargain!

My underlying conclusion that there's people with 20 year old cars who've gotten the classic plate to avoid the annual headache and costs is still valid, just not so strikingly so.

Still, nothing about putting restrictions on where or when you can drive a car so registered makes the sky fall. 

Oh, the cost to register a new car is fucking extortionate!

Replace the $30 with $10 + 1.25% of the base value of the car.  That's $12.50 per thousand dollars your cars original MSRP.  $413.18 for a 2027 Equinox in Hennepin County.  Every year.  For ten years!