What does the total on-road price of a car mean?
2 Answers
So-called "on-road price" refers to the sum of all expenses incurred when taking delivery of the vehicle, calculated by adding purchase tax, motor vehicle insurance, license plate registration fees, and other costs to the ex-factory price. Relevant explanations are as follows: 1. Vehicle purchase tax: This is a tax levied on entities and individuals purchasing specified vehicles within the country, determined by the ex-factory price and engine displacement of the model, with the latest vehicle purchase tax rate being 10%. 2. Motor vehicle insurance: Also known as auto insurance, it refers to commercial insurance that covers liability for personal injuries or property damage caused by natural disasters or accidents involving motor vehicles.
When I bought my first car, I had no idea about the on-the-road price. The salesperson only told me the original price of the car, but when it came time to pick up the vehicle, I found out I also had to pay purchase tax, insurance, and license plate fees, which added up to nearly 10,000 yuan more. This is the on-the-road price, representing all the costs you need to pay to actually drive the car home, from the car's base price to all additional fees. For example, the purchase tax is usually 10% of the car's price, insurance costs a few thousand yuan, and license plate service fees vary by region. My advice to beginners is: Always ask the salesperson for a detailed breakdown of all costs and request the total on-the-road price upfront—don't be misled by the ex-factory price. A money-saving tip is to use an app to calculate the approximate total cost to avoid exceeding your budget. Remember, the on-the-road price is the actual amount you'll pay, which affects your monthly payment pressure.
