Sage-Tips

Can I buy a bike on ex-showroom price?

Ex-showroom price is the sticker price of a bike that does not consider the cost of road tax, insurance and registering the bike. On the other hand, the on-road price includes the previously mentioned costs along with the cost of Insurance, RC and all the accessories a person will buy for his or her bike.

What does ex-showroom price mean?

The Ex-showroom Price of a vehicle is the cost of a car or a bike without considering the charges paid for registering the vehicle at the Regional Transport Office (RTO), Road Tax, and Insurance. Here are a few points explaining the meaning of Ex-showroom Price.

How is ex-showroom price calculated?

Think of the ex-showroom price as the selling price of a vehicle, but before adding the registration charges, road tax and insurance, which are mandatory to run your vehicle on the road in India. This price includes the ex-factory cost, goods and service tax (GST) and the dealer margin.

How much more is on-road price than ex-showroom price?

The on-road price exceeds the ex-showroom by around 10\%, depending on the car model and the state in which you are buying it. What is ex-showroom price? In some states and cities, ex-showroom price may also include octroi tax.

What is the difference between showroom and ex-showroom?

Ex-showroom price is the price which includes the manufacturer’s cost. The ex-showroom price also includes a bit of the dealer’s profit too. The ex-showroom price of your car doesn’t include the registration charges, road tax and insurance.

Does ex-showroom price vary?

One of the reasons for the ex-showroom price of cars varying by up to 5\% of the cost of the car across different cities, even within the same state is obviously related to transport and logistics.

Does ex showroom price vary?

How is on road price calculated for bikes?

What is On Road Price? On Road Price is the final price payable by the customer to the Car dealer. It includes State Registration charges, Life Time Road Tax Payment, Mandatory Insurance and the dealer handling charges. Also includes optional costs such as accessories cost, additional optional warranty coverage.

How is road bike price calculated?

The final on-road price of a vehicle is the sum of Ex-showroom price, Registration Charges(RTO), Insurance Charges and cess (if any).

Can I buy bike without insurance?

Online bike insurance is valid in India. Yes, you can buy a two-wheeler from a dealer without a two-wheeler insurance policy. However, you have to purchase at least a Third-party 2-wheeler Insurance Policy to register the vehicle.

Is road tax calculated on ex showroom price?

The road tax for all four-wheelers is calculated by taking into consideration the cost price of the vehicle. Presently, the percentage of road tax in this state is 7\%. For example, if your vehicle has an ex-showroom price of INR 5 lakhs, then you will have to pay a road tax of INR 35000.

What is the full form of ex showroom?

adjective. (in India) designating the price of a vehicle exclusive of charges such as registration fees, insurance, and dealer fees that are included in the final invoice charged to the customer.

What is ex-showroom price of a car?

We break it down for you. Think of the ex-showroom price as the selling price of a vehicle, but before adding the registration charges, road tax and insurance, which are mandatory to run your vehicle on the road in India. This price includes the ex-factory cost, goods and service tax (GST) and the dealer margin.

What is the ex-showroom price tax in India?

Dealerships levy a 1 percent tax on the ex-showroom price of all vehicles priced above Rs 10 lakh, as a statutory procedure by the Government of India, since June 2016. Buyers get a certificate for the same. At the time of filing their income taxes, this amount is credited back into their accounts.

What to know when buying a car from a showroom?

A person when purchases a vehicle or car from a showroom, he needs to be aware with these two prices. A salesperson generally provides information on both types of charges. However, it may create some confusion for some people.

What is the difference between net on road price and ex-road price?

Also includes optional costs such as accessories cost, additional optional warranty coverage. The discounts if any will also be shown and reduced while calculating the Net On Road Price. Ex-road price refers to the price at which the buyer drives away the Car.