What does full payment out-the-door price mean?

[DeJace]

The out-the-door price when buying a car = vehicle price + vehicle purchase tax + insurance premium [commercial insurance + compulsory traffic insurance] + vehicle and vessel usage tax + vehicle inspection and license plate registration fee. Vehicle price: The price quoted by the 4S store is the vehicle price. Vehicle purchase tax: Vehicle purchase tax = ex-factory price ÷ (1 + 17%) × 10%. Insurance premium: Insurance premium = commercial insurance + compulsory traffic insurance (prices differ for family passenger vehicles with below 6 seats and 6 seats or above). Vehicle and vessel usage tax: Tax amounts vary for models with 1.0L-1.6L displacement, 1.6L-2.0L displacement, and 2.0L-2.5L displacement. Vehicle inspection and license plate registration fee: Refers to the cost required for self-inspection or 4S store agency service.

[Cassidy]

The term "full payment on the road" is quite common in the automotive industry. Over the years, I've helped many friends purchase cars, and it refers to paying all car-related expenses in one go, including the vehicle price, purchase tax, insurance, license plate fees, and handling charges. It's essentially the total cost bundled together so you can drive the car home directly. The advantage is that you don't have to bear the burden of a loan, avoiding interest and hassle. The downside is that you need sufficient cash on hand. I often advise first-time buyers to calculate the detailed costs upfront, estimating an additional 10-15% of the vehicle price as the total expense. If funds are adequate, opting for full payment is the most cost-effective choice, preventing future loan repayments from eating into your budget. But don’t forget to factor in car insurance to avoid any oversights. This one-time payment suits those who prefer a simpler lifestyle, especially small families or young professionals with substantial savings, as it eliminates monthly installments and allows for an earlier upgrade to the next car.

[LaLayla]

As an ordinary car owner, 'full payment upon delivery' means you pay a lump sum when purchasing the car, covering the vehicle cost, various taxes, fees, and insurance, allowing you to drive the car away from the 4S store with no subsequent payments. This method is quite practical—I chose it mainly to avoid loan traps, saving thousands in interest and significantly reducing monthly financial pressure. Among the related costs, purchase tax and license plate fees are easily overlooked, so always check the itemized list before buying. I've seen friends opt for installment plans to save initially, only to see total costs skyrocket, regretting not paying in full. The monthly payment savings from daily driving now cover car maintenance and even allow for other investments, like a repair fund reserve.

[VincentDella]

I just picked up my car a few days ago, paying in full means I covered all the car purchase costs in one go, and the car is mine right after payment. I chose this because loan procedures are troublesome and require waiting. Now I have flexible funds with no monthly payments, making it easy to hit the road. Relevant points include new car insurance and license plate details, which need to be checked during purchase to ensure everything is settled at once.