What Does the Manufacturer's Suggested Retail Price Mean When Buying a Car?
1 Answers
It refers to the official listed price. Generally, dealers will provide floating quotes based on this price when purchasing. Additionally, the suggested retail price serves as an important basis for calculating the purchase tax. It is a reference price for buyers, representing a displayed price by one party in the transaction that is not a strict offer but rather for the other party's reference. Related details are as follows: 1. Purchase Tax: The ex-factory price usually requires additional expenses such as purchase tax, license plate fees, and insurance premiums. The purchase tax is a tax levied by tax authorities on the acquisition of specified properties and assets within the scope of the purchase tax system. Vehicle purchase tax is a tax imposed on units and individuals purchasing specified vehicles within China, evolving from the vehicle purchase surcharge. The vehicle purchase surcharge was a special fund collected by the state from vehicle buyers for highway construction. 2. Ex-Factory Price: The ex-factory price is the actual price of the vehicle itself, excluding any additional fees.