Will I be charged extra tax for buying another car if I already own one?
2 Answers
Owning one car and buying another will not incur additional taxes; the fees remain the same as for the first car. Below is relevant information about car taxes: 1. Car taxes: Include purchase tax, vehicle and vessel usage tax, comprehensive tax paid when purchasing imported vehicles, among other major components. 2. Vehicle purchase tax calculation formula: Vehicle purchase tax payable = taxable price × 10%. 3. Vehicle and vessel tax: Levied annually per vehicle. It is divided into 7 tiers based on the vehicle's engine displacement, ranging from 1.0 liters (inclusive) and below to over 4.0 liters.
I've been driving for over twenty years and now have two cars at home. The tax for buying a second car doesn't increase; the purchase tax is still 10% of the car's price, exactly the same as when I bought my first car. The annual vehicle and vessel tax is also calculated separately, with higher rates for larger engine displacements and lower rates for smaller ones. However, it's important to note that in cities with license plate restrictions like Beijing, Shanghai, or Guangzhou, it can be troublesome—you'll need to enter a lottery again or spend tens of thousands to bid for a plate. My neighbor bought a second car in Shenzhen last year and spent over 50,000 yuan just on the license plate, which is much higher than the taxes. So for ordinary people, the taxes for a second car are no different from the first one; it's just that the maintenance costs double—insurance, fuel, and parking fees all increase.