The customer asks for the OTD price. What does OTD stand for?

The customer asks for the OTD price. What does OTD stand for?

• A. On The Deal
• B. Out The Door
• C. Official Transfer Date
• D. Over The Distance

Answer: (B)

OTD price is the total amount you pay to drive off with the vehicle. In car sales, it includes the negotiated vehicle price plus taxes, title and license fees, documentation fees, and any mandatory add-ons or dealer fees. This bottom-line figure helps you compare offers across dealers because it reflects everything due at purchase. The phrase Out The Door is the standard way to describe this total cost. Other phrases like On The Deal, Official Transfer Date, or Over The Distance aren’t used to denote the total purchase price.

OTD price is the total amount you pay to drive off with the vehicle. In car sales, it includes the negotiated vehicle price plus taxes, title and license fees, documentation fees, and any mandatory add-ons or dealer fees. This bottom-line figure helps you compare offers across dealers because it reflects everything due at purchase. The phrase Out The Door is the standard way to describe this total cost. Other phrases like On The Deal, Official Transfer Date, or Over The Distance aren’t used to denote the total purchase price.