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Originally Posted by Judge Ito
I checked the payments on 3 different sites... If I am not confused most websites call OTD the price before TTL since TTL will be different in most states ie. DE dosen't have any sales tax. I guess I might have gotten taken but 2 other dealers said they would only either match it and the third said he would match it and pick me up from a local CarMax after I sold my truck. Before I left my house for the dealer my calculations were only $0.22 less a month than what the final payment came to be... I had put the #'s into a couple of payment calculators like on vehix.com or or one of the dealerships websites because I don't know exactly how the interest rate applies. It isn't just total financed plus 4.9% divided by 60 otherwise it would have been $149.xx a month...
Price of Car was $20289
Tags and License $211
5% MD sales tax $1025
Down Payment $13000
total finance $8525
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The best rule of thumb on payments is that for every 1000 you finance for 60 mo with average credit you pay 20.00 a month. So yeah with the actual OTD that you just itemized....(and OTD means Out the Door....all taxes and fees inlcuded) then your payment is right.....so good job.