What is the Difference Between the Ex-factory Price and the On-the-road Price of a New Car?
1 Answers
The difference between the ex-factory price and the on-the-road price of a new car is: 1. Definition: The ex-factory price refers to the price of the car alone, while the on-the-road price includes (the ex-factory price, car insurance, and taxes). You can also understand the on-the-road price as the total cost of your purchased vehicle plus purchase tax, insurance, registration, and other fees, which is the price you pay to drive the car on the road. 2. Ex-factory price: The price set by the 4S store based on the manufacturer's suggested retail price (MSRP) and market conditions. 3. On-the-road price: The total cost required for the vehicle to be legally driven on the road. The on-the-road price is the final transaction price, meaning that once you have completed all the legal procedures and can drive the car on the road, the sum of all the costs associated with the vehicle is the on-the-road price.