OTD Price Formula:
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The Out The Door (OTD) price is the total amount you'll pay to drive the car off the dealership lot. It includes the vehicle's list price plus all taxes, fees, and additional charges.
The calculator uses the OTD price formula:
Where:
Explanation: The equation accounts for all mandatory and optional fees that contribute to the final purchase price of a vehicle.
Details: Knowing the OTD price helps buyers compare true costs between dealerships, budget accurately, and negotiate more effectively.
Tips: Enter the vehicle's list price, local tax rate, and all applicable fees. Contact your local DMV for accurate fee amounts if unsure.
Q1: What fees are negotiable?
A: While taxes and government fees are fixed, documentation and dealer fees may be negotiable in some cases.
Q2: Does OTD price include financing costs?
A: No, this calculator shows the cash price. Financing interest would be additional.
Q3: How accurate is this calculator?
A: It's accurate for the inputs provided. Actual OTD price may vary based on specific local fees.
Q4: Are all these fees mandatory?
A: Taxes, title, and registration are mandatory. Documentation and dealer fees vary by dealership.
Q5: Should I focus on monthly payment or OTD price?
A: Always negotiate based on OTD price first, then discuss financing options separately.