Calculate a car’s out-the-door price from the vehicle price and your sales tax rate, plus registration, title, doc fees, dealer fees and add-ons.
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Out-the-Door Price Formula
The following formula is used to calculate the Out-the-Door Price.
- Where OTD is the Out-the-Door Price ($)
- CV is the vehicle price plus selected add-ons ($)
- F includes registration, title, documentation and other dealer fees ($)
- T is the taxes ($)
To calculate an out-the-door price, add the vehicle price, selected add-ons, fees and taxes once each. Enter your sales tax rate, or the dollar tax amount from the quote; blank additional charges mean zero. Financing costs are excluded from OTD and shown separately when entered.
How to Calculate Out-the-Door Price?
The following example problems outline how to calculate Out-the-Door Price.
Example Problem #1
- First, determine the total car value ($).
- The total car value ($) is given as 10,000.
- Next, determine the dealership fees ($).
- The dealership fees ($) are calculated as 3,000.
- Next, determine the taxes ($).
- The taxes ($) are found to be 3,000.
- Finally, calculate the Out-the-Door Price using the formula above:
OTD = CV + F + T
Inserting the values from above yields:
OTD = 10,000 + 3,000 + 3,000 = 16,000.00 ($)
Example Problem #2
The variables needed for this problem are provided below:
total car value ($) = 15,000
dealership fees ($) = 5,000
taxes ($) = 3,000
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
OTD = CV + F + T = 23,000.00 ($)
