What does it mean to purchase a car outright (bare car)?
1 Answers
Purchasing a car outright (bare car) refers to the total on-road price, which includes vehicle insurance, purchase tax, license plate registration, and all other fees. The sum of these costs constitutes the on-road price. Below are relevant details about purchasing a car outright: 1. Benefits of buying a car outright: The advantage of purchasing a car outright is that you pay the full amount in one go, with no additional fees. This approach is relatively straightforward and is a preferred method for many buyers, as they see no need to pay extra money to banks. 2. Requirements for purchasing a car outright: You need to prepare your ID card, household registration book, driver's license (originals), and a bank card.