What Are the Necessities of Buying a Car?

[ArianaAnn]

The necessity of buying a car is reflected in the increased diversity of travel options. Below is a detailed introduction to the fees required when purchasing a car: 1. Vehicle Purchase Tax: According to national regulations, any vehicle driven on the road must pay a vehicle purchase tax, currently set at 10% of the vehicle's ex-factory price. The more expensive the car, the higher the purchase tax required. 2. Insurance Premiums: Car insurance includes compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandatory, with a nationally unified premium standard, though the number of car seats can affect the amount. Commercial insurance can be purchased at the buyer's discretion, with prices varying depending on the type of coverage chosen. 3. Vehicle and Vessel Tax: This tax is determined by the car's displacement; generally, the larger the displacement, the higher the tax.