1. What is OTD Price?

The Out-the-Door (OTD) price represents the total amount you'll pay to drive the vehicle off the dealership lot. It includes the base price plus all taxes, fees, and additional options.

2. How OTD Price is Calculated

The calculator uses the following equation:

Where:

• \( Base\ Price \) — The vehicle's negotiated price before taxes and fees
• \( Tax\ Rate \) — Your local sales tax rate as a percentage
• \( Fees \) — Documentation fees, title fees, registration fees, etc.
• \( Additional\ Options \) — Any optional features or packages

3. Importance of OTD Price

Details: Knowing the OTD price helps you compare offers between dealerships and understand the true total cost of the vehicle, not just the monthly payment.

4. Using the Calculator

Tips: Enter the negotiated base price of the vehicle, your local tax rate, and any additional fees or options. The calculator will provide the total amount you'll need to pay.

5. Frequently Asked Questions (FAQ)

Q1: What fees are typically included in OTD price?
A: Common fees include sales tax, documentation fees, title and registration fees, and any dealer-added options.

Q2: Is the OTD price negotiable?
A: Yes, most components of the OTD price are negotiable, especially the base price and dealer fees.

Q3: Why focus on OTD price rather than monthly payment?
A: Focusing only on monthly payment can hide high interest costs or extended loan terms that cost you more overall.

Q4: Does OTD price include financing costs?
A: No, OTD price typically doesn't include interest from financing. It's the cash price to own the vehicle.

Q5: How accurate is this calculator?
A: It provides a good estimate, but actual OTD price may vary based on specific dealership fees and local regulations.