Quote:
Originally Posted by Blastersix
$26,700 OTD with autodim/Homelink mirror and cargo mat. Around $2K under MSRP before trade, tax, and down payment, which ended up being a wash.
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Washed out taxes/tag fee's and negative equity with down payment?
Let's just clarify this for everyone:
OTD: Out the door. Number after all is said and done. Total amount financed (before interest) or paid in cash.
For the purposes of fair assessment (which I assume is the purpose of this thread) it's useless to use an OTD figure because of the differences in tax rate, tag cost, amount of dealer fee, trade equity/inequity, money down, etc.
For example, someone could have bought the car at full MSRP, but had 5K trade equity, putting their "OTD" at approx 2K under MSRP so they feel they got a very good deal.
Another good one is someone paid under MSRP, but got a little less on their trade. The dealership actually valued your trade with more money, showed you less, gave the difference amount as a discount, and made full sticker on you.
Just list the price of the car that you negotiated it down to and it will be equal all around since all dealers pay the same for their cars.