hi-- newbie question here. i got a quote that states "OTD" I'm guessing out the door? is there any fees that will come after that? is this a rough quote or the final? ty!
Out the door typically means if you bring a check for said amount, then you get to drive off with your car. But I would ask for a price breakdown just to make sure they are including all taxes and fees.
Yes, it depends on a few factors. If they asked you if you needed tags or were transferring, and you gave them an answer, then it may be possible that tax, tags and all fees were included. Otherwise it is not OTD price. They will need to ask you if you want that...plus many other things. Toyota extended warranty. Accessories Toyota Service plan Paint/fabric protectant etc
You have to be explicit and request they include sales tax and plate/reg fees. Remember- after you're done with your salesperson, you get sent to the financing guy. His job is to sell you dealer added services like extended warranties, maintenance contracts, fabric protection, paint protection, etc.. so if you add anything on at this point- that would be on top of the "out the door" price you were previously given. FWIW- I got the OTD price quote from my dealer- the day I actually picked up the car, the final price was actually a few $$ less than the OTD quote. Even more surprising was the fact that a check for $59 showed up in the mail a week and a half later. The note said- "for overpayment of DMV fees". Now that's an honest dealership!
Yes honest, but it could have cost them their dealership if they didnt catch it and refund you. I am sure it was an honest error if they refunded, but I am also sure there has got to be many scumbags that over charge and never refund...since it was on purpose. I guess that would be more from a typical used car salesman! haha
Read through New car buying guide, avoiding dealer scams, new cars, used car buying. Always get an itemized quote so that you can compare apples to apples. Know the options & accessories, the price of the car, the value of your trade, the taxes & how they are calculated, the fees imposed by the state, the bs fees added by the dealer and discounts or rebates. Here's an example of why a net number is useless. "Including your trade the OTD price is $23000". What's the price of the new car & what's the value of your trade? Are they paying a high price for your car & charging a high price for the new car? Are they calculating the tax correctly? Are they overcharging for the DMV fees? All are sources for extra profit.
I told my dealer that I wanted to pay $29,000 OTD. The TOTAL of everything is 29k. Then you're "out the door". Bit of an old school term but fun to use. Have fun with it.
i bought a 2010 v with atp and 30k miles on the clock last month and was quoted (tax, tag, 100k/7yrs platinum warranty) $25931 OTD price i offered them a firm 24k OTD. They accepted and thats what i paid for mine.
Yea, OTD shoud mean out-the-door, everything included, you are driving off the lot with the tags on the vehicle and a full tank of gas. However, as we all know, the dealers are dealers - they will try to sneak a fee somewhere.... Especially in the finance office (I had a HORRIBLE finance office experience buying my Prius in otherwise pleasant buying process): extended warranties, extra insurances etc... C'mon, that's why are you buying Toyota - reliability. So, just make sure with your salesperson (or better yet, sales manager) that OTD means everything included. I find negotiating OTD price much easier (and more succesful) than insisting to know how much is my trade, how much is the car, how much are they charging for the add-ons... Who cares? This is how much I'm ready to pay for it - that's it. After you clarify that, THAN you shop for the best financing - check your Credit Union and ask them to beat (not match) that interest rate. With very good credit score, I got 2.6% interest rate for 72 months less than a month ago... Good luck.
