What is Out of the Door Price?

Asked by Leoole1050 Aug 18, 2020 at 11:58 AM

Question type: Shopping & Pricing

I will need help to understand more.

The car dealer wants to trade-in my car for
$20k to a brandnew car cost $34k and pay-off
my remaining balance of $16k.

The car dealer told me they will give me $30k
out of the door price. Does it mean my new
loan is $30k Or $26k? Thank you

3 Answers
40,150

TDolby answered 3 years ago

simple math. 20 minus 16 equals 4. 34 minus 4 equals 30. equals big loan

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