What Fees Must Be Paid When Buying a Car?
3 Answers
When purchasing a car, you need to pay for the vehicle's base price, vehicle purchase tax, and insurance. Below are the details about the fees involved in buying a car: 1. Vehicle Base Price: Generally, before buying a car, people check the reference price online, but the online price is not always accurate, as 4S dealerships may offer certain discounts, making the actual ex-factory price lower. Of course, a very small number of models may have additional terminal markups, and the actual price should be confirmed based on the specific situation. 2. Vehicle Purchase Tax: According to national regulations, any vehicle that is driven on public roads must pay a vehicle purchase tax. Currently, the tax rate is 10% of the vehicle's ex-factory price. Therefore, generally speaking, the more expensive the car, the higher the purchase tax the consumer needs to pay. 3. Insurance Fees: Car insurance includes compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandatory, with a nationally unified premium standard, although the number of car seats can affect the premium amount. Commercial insurance can be purchased voluntarily, and the price varies depending on the type of coverage chosen.
This is my first time buying a car, and I chose an economy sedan, spending some time researching the costs. There are quite a few mandatory expenses. First is the car price itself, which is the fundamental expense. Then there's the purchase tax, usually around 10% of the car price, but currently, there are discounts for new energy vehicles, saving a lot. Insurance is compulsory, especially compulsory traffic insurance and basic third-party liability insurance, otherwise, you can't get the license plate. The license plate registration fee is small, just around a hundred yuan. There's also a financial service fee if you're buying on loan, which might be charged, but it's not mandatory and can be negotiated. I advise everyone to carefully review the contract when picking up the car to avoid being tricked into buying unnecessary decorations or extended warranties. The total cost is about 15% higher than the base car price, so plan your budget in advance to avoid unexpected overspending.
Having driven for over a decade and changed several cars, I'm crystal clear about car purchase costs. The core mandatory expenses include the vehicle price, which is the foundation. Purchase tax is unavoidable, calculated as a percentage of the invoice price, though new energy vehicles sometimes get exemptions. Compulsory insurance is a must, or it's illegal to drive. License plate fees are minimal, just a few dozen bucks paid during registration. I never opt for the decoration and transportation fees often pushed by 4S dealers to save costs. A tip for beginners: loan processing fees are unnecessary, just reject them outright. Overall, budget for taxes and insurance, and beware of extra items trying to rip you off.
