Out the Door Price Formula:
From: | To: |
The Out the Door (OTD) price is the total amount you'll pay to drive the car off the dealership lot. It includes the base price plus all taxes, fees, and add-ons, minus any discounts or rebates.
The calculator uses the OTD price formula:
Where:
Details: Knowing the OTD price helps you budget accurately and compare offers between dealerships. It prevents surprises when finalizing the purchase.
Tips: Enter the negotiated base price, local tax rate, and any additional fees or discounts. The calculator will sum all components to show the total amount due.
Q1: What fees are typically included?
A: Common fees include documentation fees ($100-$800), title/registration fees (varies by state), and dealer preparation fees.
Q2: Are taxes calculated on the full price?
A: In most states, taxes are calculated on the full purchase price before rebates and discounts.
Q3: Should I negotiate based on OTD price?
A: Yes, negotiating the OTD price rather than monthly payments gives you better control over the total cost.
Q4: What's not included in OTD price?
A: Ongoing costs like insurance, fuel, and maintenance aren't included in the OTD calculation.
Q5: How accurate is this calculator?
A: It provides a good estimate, but actual OTD price may vary based on exact fees in your location.