What fees are required when purchasing a car?
1 Answers
The fees required for purchasing a car are as follows: 1. Base vehicle price: As the name suggests, the final transaction price of the vehicle. 2. Optional accessories fee: This may or may not apply, depending on the owner's choice. If you don't need additions like navigation, sunroof, or wheel modifications, you can opt out. 3. Purchase tax: This tax must be paid before vehicle registration and is typically processed at the local tax bureau, which usually has dedicated windows for purchase tax. 4. Registration fee: After paying the purchase tax, you can register the vehicle at the local vehicle management department for a fee of 120 yuan. 5. Insurance: Mandatory traffic insurance, which includes the vehicle and vessel tax, along with commercial insurance. Recommended commercial insurance options include vehicle damage insurance, third-party liability insurance, and no-deductible coverage.