What does full payment for the bare car mean?
1 Answers
Full payment for the bare car is similar in meaning to the bare car price, but the payment method is different, requiring full payment. The bare car price does not include additional fees such as purchase tax and insurance. Paying in full eliminates the need for the procedures involved in installment payments for car purchases, and there is no requirement to install GPS or pay a renewal insurance deposit. You can purchase insurance on your own. Vehicle purchase tax is mandatory when buying a new car. The invoice can be understated, but this may affect the estimated coverage amount for car damage insurance. It is recommended that car owners pay attention to the information on the invoice. Car insurance is also necessary. Compulsory traffic insurance is mandatory, while commercial insurance can be reasonably selected based on individual needs. You can choose the types of insurance coverage yourself. Generally, third-party liability, car damage, and no-deductible insurance can meet the needs.