Otd price meaning

sharpo23

I was given an otd price of $19,000 which I assume is including all taxes and fees. This wouldn't be my price including my car that I'm trading in right? So if my trade in is worth 4,500 I would only have to finance 14,500 correct? Im just a little confused. Thanks in advance!

brian125

Yes correct................. OTD price is for buying new vehicle before money down or trade in. If you get $4500 for your trade that knocks down the sale price of vehicle to 14,500 and that's the amount your states tax is figured on

kyfdx

sharpo23 said:

I was given an otd price of $19,000 which I assume is including all taxes and fees. This wouldn't be my price including my car that I'm trading in right? So if my trade in is worth 4,500 I would only have to finance 14,500 correct? Im just a little confused. Thanks in advance!

OTD means whatever the person saying it wants it to mean. ("Oh, that doesn't include tax. You pay that at the courthouse").

If you are confused, then they are winning. I wouldn't assume anything.
It's pretty easy to see the numbers on a contract. If the numbers aren't clear, then keep asking questions until they are.