Kendogg
Well-Known Member
- First Name
- Ken
- Joined
- Feb 26, 2020
- Threads
- 0
- Messages
- 75
- Reaction score
- 52
- Location
- United States
- Car(s)
- 2018 Honda Civic Type R
Depends on the state. I'm from Texas where OTD always includes taxes and registration fees. In Texas they always include that in the overall purchase amount and financing amount.Again, you are using OTD in the wrong way. You are saying the best you've seen is $50.5k OTD but then saying it excludes taxes, fees, etc. THAT IS NOT OTD!!!! Hence why so many people use it wrong and are not providing proper info. OTD means OUT THE DOOR. The dollar amount you need in total to drive the car home if paying cash or writing a check. Not a price and THEN adding fees and other charges on top.
I moved to Oklahoma around a 1.5 years ago and bought my Type R here. In Oklahoma, they generally never include the taxes and registration in the total OTD amount. They never will include that in financing, unless you specifically ask for it. And if you do it that way, they have you overpay the dealership the tax amount, and then they cut you a check that you then deposit, and you still go to the tax office to pay the tax amount.
You then have some states where I believe you do not even pay taxes on your new car purchase. So that's why I always try to be clear that the price is (for example) $50.5k and not including taxes and state fees. In Oklahoma, that would be around $53k after taxes and fees. If one was to buy it for this price in Texas, it would be closer to $54k. If I was to buy it for $50.5k in Texas and trade-in my current car, I would pay around $51,700 after taxes. If someone is a 100% disabled Vet and in Oklahoma, they wouldn't pay taxes and it would then truly be $50.5k OTD. If someone was a 100% disabled Vet in Texas, then they would still pay the full tax amount and the OTD would be $54k.
It just all varies state to state and situation to situation. How much the dealer is selling to you after dealership fees is the best apples to apples OTD comparison. But buyers agreement has the true details.
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