What does the term 'on-road price' mean?
1 Answers
On-road price refers to the total cost incurred from purchasing a car until it is licensed. The relevant knowledge about on-road price is as follows: 1. On-road price includes: In addition to the ex-factory price, the on-road price generally also includes purchase tax, vehicle and vessel usage tax, car insurance costs, and licensing fees. If the car is purchased on loan, the on-road price also includes other fees such as 4S store handling fees, GPS fees, and car loan interest. 2. The manufacturer's suggested retail price (MSRP): The MSRP is the official quoted price, which is the sales price stipulated by the manufacturer to the dealer when the car leaves the factory. Generally, the actual sales price of the car can only be lower than the MSRP. The MSRP serves as a reference price for the buyer. 3. Ex-factory price: The ex-factory price is the direct sales price of the 4S store, which can be understood as ex-factory price = MSRP - discount price, representing the actual sales price based on market conditions.