Is the Manufacturer's Suggested Retail Price the Same as the On-the-Road Price?
1 Answers
No, it is not. The manufacturer's suggested retail price refers to the bare car price excluding insurance, taxes, and other fees, while the on-the-road price is the actual transaction price. This means when the user has completed all the legal procedures and is ready to drive the car on the road, the total cost of the vehicle, including all fees, is the on-the-road price. These fees include purchase tax, insurance, vehicle and vessel tax, license plate registration, and other expenses. Below is a detailed introduction: Purchase Tax: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, evolving from the vehicle purchase surcharge. The vehicle purchase tax is ad valorem based on the taxable price of the vehicle purchased by the taxpayer, with the price as the tax standard. The tax is directly related to the value of the vehicle, with higher-value vehicles taxed more and lower-value vehicles taxed less. Insurance Premium: Car insurance generally includes basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. Vehicle and Vessel Tax: The so-called vehicle and vessel tax refers to a tax that owners or managers of vehicles and vessels within the territory of the People's Republic of China are required to pay according to the Vehicle and Vessel Tax Law of the People's Republic of China.