What Costs Are Included in Car Purchase?
1 Answers
In addition to the vehicle price, the costs that need to be paid when buying a car include: vehicle purchase tax, vehicle and vessel usage tax (fee standards vary by region), compulsory traffic insurance, commercial insurance (you can choose suitable coverage based on personal needs), and license plate registration fee (fee standards vary by region). Extended Information: 1. Vehicle Purchase Tax: This is a tax levied on units and individuals who purchase specified vehicles within the country. It is determined by the vehicle's ex-factory price and engine displacement. The latest policy sets the vehicle purchase tax at 10%. 2. Insurance Costs: Insurance costs include compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandatory and must be purchased, with a nationally unified fee standard, although the number of car seats may affect the premium. Commercial insurance can be purchased voluntarily, and prices vary. 3. Vehicle and Vessel Tax: This is a behavioral tax calculated and levied based on the type, tonnage, and stipulated tax amount for vehicles traveling on public roads and vessels navigating domestic rivers, lakes, or ports. As a local tax, the vehicle and vessel tax varies by region, with fee brackets determined by engine displacement. For everyday family cars, the tax ranges from several hundred yuan to nearly a thousand yuan.
