What Fees Need to Be Paid When Buying a Car?
2 Answers
When buying a car, you need to pay the ex-factory price, insurance fees, purchase tax, etc. Below is a detailed introduction to the fees required for purchasing a car: 1. Included: The ex-factory price, insurance fees, purchase tax, etc. 2. Taxation: Taxpayers purchasing taxable vehicles for personal use must declare and pay taxes within 60 days from the date of purchase. For imported taxable vehicles for personal use, taxes must be declared and paid within 60 days from the date of import. For self-produced, gifted, awarded, or otherwise acquired taxable vehicles for personal use, taxes must be declared and paid within 60 days from the date of acquisition. The vehicle purchase tax must be paid in full at one time.
I've bought cars several times, and the expenses are really substantial. Let's start with the major costs—the price of the car itself is the most significant, accounting for the largest portion. Then there's the purchase tax, which is roughly 10% of the car's price, collected by the government and unavoidable. Insurance is mandatory—compulsory traffic insurance is required by law, and I also opt for commercial insurance like third-party liability to protect myself. License plate fees vary by location, ranging from 500 to 1,000 in big cities. If you use a loan, the bank charges a handling fee, sometimes several thousand yuan. Don’t forget that dealerships often push add-ons like window tinting or floor mats, which add extra costs and can easily exceed your budget. Overall, you should realistically add 20-25% to the car's price—consult experienced drivers to avoid pitfalls. It’s also wise to set aside some maintenance funds in advance, as even new cars require timely upkeep for peace of mind while driving.
