Price Formula:
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The Out The Door (OTD) price represents the total amount you'll pay to drive away with a vehicle. It includes the base price of the car plus all taxes, fees, and minus any applicable discounts or rebates.
The calculator uses the simple formula:
Where:
Explanation: This formula provides a comprehensive view of the total cost of vehicle ownership at the point of purchase.
Details: Understanding the OTD price is crucial for budgeting and negotiation when purchasing a vehicle. It prevents surprises from hidden fees and helps buyers compare true costs between different dealerships.
Tips: Enter all amounts in dollars. Include all applicable taxes, fees, and discounts to get an accurate out-the-door price. All values must be non-negative numbers.
Q1: What fees are typically included in OTD price?
A: Common fees include sales tax, registration fees, documentation fees, destination charges, and any dealer-added accessories or services.
Q2: Should I negotiate based on OTD price or base price?
A: Always negotiate based on the OTD price to ensure you're comparing the true total cost and avoid hidden fees.
Q3: Are there fees that might not be included?
A: Some states have additional fees like tire taxes or electronic filing fees. Always ask for a complete breakdown.
Q4: How accurate is this calculator?
A: The calculator provides an accurate total based on the inputs provided, but actual OTD prices may vary based on specific local taxes and fees.
Q5: Can discounts be negative?
A: No, discounts should be entered as positive values. The calculator will subtract them from the total.