What do ex-factory price and transaction price mean?

[JuliannaMarie]

In China, the so-called ex-factory price refers to the manufacturing price of the car itself, excluding insurance, purchase tax, license plate, etc. Below is specific information about it: Introduction: Transaction price = ex-factory price + various insurances + purchase tax + vehicle and vessel use tax + bridge toll (some places have this, some don't) + license plate fee. If it's a loan, there will also be service fees, interest, mortgage, and other such costs. Notes: In some places, there is another price called the all-inclusive price: generally, it refers to the price that includes getting the vehicle's license plate, allowing you to pick up the car and drive away directly. This price is similar in meaning to the on-the-road price, but it mainly emphasizes that it includes the cost of obtaining the license plate.