It truly doesn't matter what a dealer lists the bike for, they'll almost always add something on the backend. The $8999 is to get you in the door, that's it. The only price anyone should be interested in is what it costs to get it on the street, in your name. This includes fees, taxes and registration, minus trade for tax purposes. My bike was $7300-something. Woohoo, right? No, OTD was $9500 to park it in my garage with a license plate on it.
This next part isn't directed at you JLG.
I see posts all the time of people saying "Yea, my OTD was $X, plus fees". That's not what OTD means.
Let's try this... Bike K is $8999. Dest & setup is $500, doc fee $50, tag/title $150. Trade in value, $2500. The only thing not taxable is the tag/title (in my state, it has its own tax, called VLT), and the trade value is deducted before tax is calculated at... 8% as an example. So...
8999+500+50-2500=7049x1.08=$7612.92+150=
$7762.92. However, that's still not the true OTD price, because the trade value has to be added back in. The true OTD price in this case is $10,262.92.
The same principle goes for any down payment, it may make the bottom line better, especially when financing, it still needs to be added back in for a true Out The Door price. And it's taxable too. An equivalent down instead of the trade raises the OTD by $200 in this example. And you have to consider if you have the time or the money to sell it yourself to offset that cost. If you only get $200 more if you sell it yourself, you're a masochist.
This next part isn't directed at you JLG.
I see posts all the time of people saying "Yea, my OTD was $X, plus fees". That's not what OTD means.
Let's try this... Bike K is $8999. Dest & setup is $500, doc fee $50, tag/title $150. Trade in value, $2500. The only thing not taxable is the tag/title (in my state, it has its own tax, called VLT), and the trade value is deducted before tax is calculated at... 8% as an example. So...
8999+500+50-2500=7049x1.08=$7612.92+150=
$7762.92. However, that's still not the true OTD price, because the trade value has to be added back in. The true OTD price in this case is $10,262.92.
The same principle goes for any down payment, it may make the bottom line better, especially when financing, it still needs to be added back in for a true Out The Door price. And it's taxable too. An equivalent down instead of the trade raises the OTD by $200 in this example. And you have to consider if you have the time or the money to sell it yourself to offset that cost. If you only get $200 more if you sell it yourself, you're a masochist.