Out The Door Price Calculator

Out the door price calculator helps you show the on-road price (final payment) of your car, including all the dealership fees and state taxes. It helps you know exactly how much you’ll pay overall without making any manual calculations.

How to use this out the door price calculator?

Enter the total value (price) of your car, dealership fees, and state taxes accordingly into the given boxes

Press the Calculate button

Get OTD price of your car instantly, along with the procedure of a step-by-step calculation.

What does out the door price mean?

The total cost a buyer will pay for a product or service including all associated fees, taxes, and additional charges is known as out the door price.

OTD is often used in the context of purchasing goods or services, particularly in the field of automobile industry. It ensures transparency by presenting the complete cost, which helps buyers give a clear understanding of the total amount they need to pay before finalizing the deal.

Out the door price formula:

The formula to calculate the OTD price is as follows:

OTD = CV + DF + T

In this equation,

OTD – Final price of your car after adding all other charges ($)

CV – Base car value ($)

DF – Dealership fees ($)

T – All the taxes ($)

How to calculate out the door price?

Use the above formula to calculate the out-the-door (OTD) price of your automobile/car.

Example:

Suppose you are buying a car with a base price (CV) of $20,000. The dealer charges $1,000 in fees (DF), and the tax rate (T) is 8%.

Put all these values into the out-the-door price formula:

OTD = CV + DF + T

OTD = $20,000 + $1,000 + 8%

Calculate the tax:

OTD = $20,000 + $1,000 + ($20,000 x 0.08)

OTD = $20,000 + $1,000 + $1,600

Now add up the values:

OTD = $22,600

So, in this example, Out the Door Price would be $22,600. This includes the base price, dealer fees, and applicable taxes.

What is the difference between MSRP and out the door price?

The difference between MSRP (Manufacturer's Suggested Retail Price) and the out the door price lies in what each term represents:

MSRP (Manufacturer's Suggested Retail Price:

MSRP is the suggested selling price set by the manufacturer for a new product, such as a car or electronic device.
It is the starting point for negotiations between the buyer and the seller (e.g., dealership).
MSRP does not include additional costs like taxes, fees, or other charges associated with the purchase.