What Does One Point of Car Discount Mean?
1 Answers
Several points refer to several percent. Before purchasing a car, you can research the model online to understand its manufacturer's suggested retail price (MSRP). However, the MSRP is merely the price announced by the manufacturer to the public to ensure maximum benefits for both the manufacturer and the dealers. In reality, the actual price dealers pay to the manufacturer is much lower than the MSRP; otherwise, dealers would have no profit. Additional Information: The purchase price of a car includes: Body Price: Nowadays, car prices are very transparent, and you can directly check the manufacturer's suggested retail price online. The price calculation mentioned here generally refers to the price after discounts or markups at 4S dealerships. Taxes and Fees: Every legally registered car is subject to taxes. Taxes consist of two parts: value-added tax (17%) and purchase tax (10%).