Know, How much you pay ,When you Purchase A new vehicle

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Buying an Automobile for the first time can turn out to be a Confusing affair. There are a lot of price terms involved when you lookup for your. Favourite Vehicle.This Blog will Surely Simplify Things by Simplifying the price terminologies  and putting forward in the straight- forward Term. 


1. Ex-factory price:-

The price which is paid by the dealers to the Automobile Company’s is called  as the Ex-factory price. However, this particular price term does not carry a lot of significance for buyers directly.


2. Ex-Showroom Price :-
                                                   If you have visited any Automobile portal or have been through any vehicle  launch  related News , Article This term will most definitely have flashed in front of your eyes . It can be defined as the total cost of the car when it reaches the showroom, It includes some of the price Additions over the Ex-factory prices. These price premiums include different and parking charges over the Ex-factory price. 

Ex-showroom = Ex-Factory price + (Handling +logistics +parking)

  • Handling Price :- The price incorporation and maintenance of vehicle at the showroom is called as the handling prices.  
  •  Parking Charges:- As the name suggests, this is the p rice associated with parking the vehicles before they are sold.
  • Logistics price  :- The price additions Associated with the transportation vehicle from the factory to the showroom is called as the logistics price.

3. On-Road Price:-
                                  The final price that the buyers happen to pay Just before taking the delivery of the vehicle is called as the On-road price. The number of price involvements between the On-road price and the Ex-showroom price can be broadly Classified into the mandatory price and non- mandatory price .


 Mandatory price Factors :

  • Insurance :- These are mandatory buyers have the option of taking an insurance plan either from the automobile company or even from a third-party insurance company.
  • Registration Charges :- Even these,Charges are to be a pain while buying, irrespective of the fact that buyers is opting fora a permanent registration or even a temporary one for that matter. 

  • TCS (Tax Collection at source):- These Types of taxes  are Charged at purchase of vehicles which costs more than Rs-10 Lakhs , (one percent of price) 


Non-Compulsory Price Factors :  
                                                         As the name suggests these are not mandatory and , the choice of spending these amounts lie completely with the Buyers.
  • Accessories 
  • Extended Warranty 
  • Road - Side Assistance 
On Road Price =  Ex -showroom + Insurance + Registration + Accessories + Extended Warranty + Road-Side Assistance .

# For more information and FAQ’s Stay Tuned .
( Team Autogyan)

    

Comments

  1. Puneet Jain2 July 2020 at 11:35

    Thanks for the information..it will be really helpful for my next purchase

    ReplyDelete

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