What are the additional costs after purchasing a car?

[JulietLee]

After purchasing a car, additional costs include purchase tax, insurance fees, and license plate registration fees. Purchase Tax: It is 10% of the car's ex-factory price, but some cars may have a purchase tax rate of only 5%. Different engine displacement models may also have varying purchase tax rates. Insurance Fees: Required insurances include compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, passenger liability insurance, and no-deductible insurance. License Plate Registration Fees: Fees incurred during the license plate registration process. Purpose of Insurances: Compulsory traffic insurance is primarily designed to protect the rights of victims in traffic accidents and is mandatory by the state; vehicle damage insurance mainly compensates for the loss of the vehicle in traffic accidents; third-party liability insurance primarily covers bodily death and property loss of third parties in traffic accidents; passenger liability insurance mainly safeguards the bodily injuries of passengers and the driver in the vehicle; no-deductible insurance ensures that the insurance company covers the compensation costs the car owner would otherwise have to pay in traffic accidents.