Quote:
Originally Posted by fuct
That makes no sense? they are not the same thing...  |
I think he just means that he will offer a price that after tax and license fees equates to the MSRP. This means that the price before tax and fees would be well below MSRP. For example, lets say that you have a car with an MSRP of $34,000. Tax and license combined are 10% of the selling price. Buying the car at MSRP OTD in this case means that he paid:
$30,909 for the car and $3,091 in tax and license fees for a combined total of $34,000 or the MSRP on an OTD basis.
$34,000= (1.10x)
x= $30,909
Tax&Lic = $34,000 - sale price of car $30,909 or, $3,091