What Does the On-the-Road Price of a Car Mean?

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The on-the-road price of a car includes the ex-factory price, purchase tax, car insurance, vehicle usage tax, and new car registration fees. Below is an introduction to the related content: Purchase Tax: Car purchase tax refers to the tax payable when purchasing a car, which is levied at 10% of the car's selling price (excluding tax). Car Insurance: Car insurance is a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Vehicle insurance can be specifically divided into commercial insurance and compulsory traffic insurance. Vehicle Usage Tax: This refers to the tax that must be paid during the use of a car, generally known as the vehicle and vessel tax. New Car Registration Fees: New car registration fees mainly include the cost of the new vehicle inspection, the fee for stamping and photographing the vehicle, and the cost of the new license plate.