Study for the Specialist Automotive Finance Test. Use flashcards and multiple-choice questions with detailed explanations to get exam ready!

Multiple Choice

Which statement correctly describes on-road price in relation to cash price in some jurisdictions?

On-road price is the total amount you must pay to drive the car off the showroom, combining the vehicle’s price with mandatory charges such as taxes, duties, registration, insurance, and delivery. In some jurisdictions, the cash price quoted is just the base price of the vehicle and does not include these on-road costs, so the on-road price can be higher. This makes the statement correct: on-road price includes taxes, duties, and delivery, while cash price may exclude these on-road costs in some places.

On-road price is the total amount you must pay to drive the car off the showroom, combining the vehicle’s price with mandatory charges such as taxes, duties, registration, insurance, and delivery. In some jurisdictions, the cash price quoted is just the base price of the vehicle and does not include these on-road costs, so the on-road price can be higher. This makes the statement correct: on-road price includes taxes, duties, and delivery, while cash price may exclude these on-road costs in some places.