Caredge OTD Formula:
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The Caredge Out The Door (OTD) price represents the total amount you'll pay for a vehicle, including the suggested price plus any local fees. This gives you a complete picture of the actual cost you'll need to pay when purchasing a vehicle through Caredge.
The calculator uses the simple formula:
Where:
Explanation: The equation calculates the total amount you'll need to pay by adding the suggested price and all applicable local fees.
Details: Knowing the OTD price helps you budget accurately for your vehicle purchase and compare offers from different dealerships on an equal basis.
Tips: Enter the suggested price in dollars, then enter any local fees. Both values must be zero or positive numbers.
Q1: What's included in local fees?
A: Local fees typically include taxes, title fees, registration fees, and any other mandatory charges specific to your location.
Q2: Does the OTD price include optional add-ons?
A: No, this calculator only includes mandatory fees. Optional add-ons like extended warranties would be additional.
Q3: How accurate is this calculator?
A: The calculation is mathematically precise, but accuracy depends on entering the correct suggested price and all applicable local fees.
Q4: Can I use this for any vehicle?
A: Yes, this calculator works for any vehicle purchase through Caredge, regardless of make or model.
Q5: Why focus on OTD price instead of just the suggested price?
A: The OTD price gives you the true cost of ownership, while the suggested price alone doesn't account for mandatory additional costs.