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Otd price meaning

sharpo23sharpo23 Posts: 1
edited February 2017 in General
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!

Answers

  • brian125brian125 New york / S.C. myrtle beachPosts: 5,211
    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

    2016 BMW X-5 35i, 2013 Genesis 5.0 R-spec, 2012 MB ML350

  • kyfdxkyfdx Posts: 120,532
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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