Car Edge OTD Formula:
From: | To: |
The Car Edge Out The Door (OTD) price represents the total amount you'll pay to drive the car off the lot, including all fees and charges added to the vehicle's edge price.
The calculator uses the simple formula:
Where:
Explanation: This calculation helps buyers understand the true total cost of a vehicle purchase.
Details: Knowing the OTD price is crucial for budgeting, comparing offers from different dealers, and ensuring you're getting a fair deal.
Tips: Enter the vehicle's edge price and all associated fees. Be sure to include all charges to get an accurate OTD price.
Q1: What fees should be included?
A: Include all fees - documentation fees, title fees, registration fees, dealer preparation fees, and any other mandatory charges.
Q2: Does this include taxes?
A: Taxes are typically not included in edge price or standard fees. You may need to add them separately if calculating full purchase price.
Q3: Why is OTD price important?
A: It prevents dealers from hiding costs in fees after agreeing on a price, ensuring you know exactly what you'll pay.
Q4: How can I negotiate better OTD prices?
A: Focus on the OTD price rather than individual components, and get multiple OTD quotes from different dealers.
Q5: Are all dealer fees negotiable?
A: While some fees are mandatory (like government fees), many dealer-added fees can be negotiated or waived.