Ex-Showroom vs On-Road Price: Key Differences

When you're in the market for a new vehicle, there are a few important terms that you should understand before making a purchase. Two of the most important terms are “ex-showroom price” and “on-road price.” Both of these terms refer to the cost of a vehicle, but they are calculated differently, and understanding the difference between ex showroom vs on road price can help you make an informed decision about your purchase and choosing Zurich Kotak General Insurance.

What is the ex-showroom price?

The ex-showroom price is the price of the vehicle before taxes and other charges are applied. This is the price that you'll see listed on the manufacturer's website or at the dealership. The ex-showroom price does not include the cost of registration, insurance, or any other optional accessories that you may choose to add to the vehicle. Simply put, it is the price you pay to buy the car from the dealer minus any taxes, fees, and other additional charges.

What is the on-road price?

The on-road price, on the other hand, is the amount you pay to get the car on the road, inclusive of all the taxes and fees. It includes the cost of registration, insurance, and any other mandatory or optional accessories that you may have chosen to add to your vehicle. The on-road price is the total amount you will pay for your car, inclusive of all the additional charges and registration and insurance costs.

Difference between a vehicle’s ex-showroom price and on-road price

1. The main difference between the ex-showroom price and the on-road price is that the ex-showroom price is the cost of the vehicle before taxes and other charges are applied, while the on-road price is the cost that you'll pay to get the vehicle on the road.

2. The on-road price is always higher as compared to the ex-showroom price because of the taxes, registration, insurance costs, and other mandatory and optional accessories.

3. Understanding the difference between these two prices is important as it will assist you in planning your budget and making an informed purchase decision.

4. Most people tend to focus only on the ex-showroom price while making a purchase, but it is important to keep in mind that the on-road price can be significantly higher.

As a result, it is important to carefully consider the total cost associated with owning and operating a vehicle before making a purchase.

Car insurance

One of the most important factors that impact the on-road price is the cost of car insurance. Car insurance is mandatory in India and is designed to protect you and your car in the event of an accident or theft. The cost of car insurance can vary depending on several factors, including the make and model of the car, your driving history, and the insurance provider you choose.

Zurich Kotak General Insurance

Zurich Kotak General Insurance offer a range of insurance policies that can help protect you and your vehicle in the event of an accident or theft. Car insurance from Zurich Kotak General Insurance policies provide comprehensive car insurance coverage, which means that they cover both third-party liabilities as well as damage to your car. With car insurance from Zurich Kotak General Insurance, you can be sure that you're protected on the road and that you'll be covered in case of any unforeseen events.

In conclusion

Knowing the difference between the ex-showroom price vs on road price is important when buying a car, as it will help you understand the total cost associated with owning and operating the vehicle. Additionally, car insurance is important for securing your vehicle and protecting yourself and your loved ones while out on the road.