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OTD, monthly payment etc..

I don't understand this concept of OTD and monthly payments For example, for a manual 370z w/sportpackage, if I put down 10k, and the monthly payment is about $500 for

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Old 05-09-2011, 09:01 PM   #1 (permalink)
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I don't understand this concept of OTD and monthly payments

For example, for a manual 370z w/sportpackage, if I put down 10k, and the monthly payment is about $500 for 60months, the total amount paid is 40k. But if you do a OTD price is almost 10k lower. Why is it like that? How do you pay for the OTD price? Why is there such a big price gap between those two different ways?
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Old 05-09-2011, 09:13 PM   #2 (permalink)
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Old 05-09-2011, 09:15 PM   #3 (permalink)
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The OTD price doesnt include interest?
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Old 05-09-2011, 10:56 PM   #4 (permalink)
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You're comparing apples and oranges.
OTD just means the price including tax, title and license. You can still finance this.

Last edited by TreeSemdyZee; 05-10-2011 at 09:01 PM.
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