What does Driveaway Price Mean?
Ever seen printed or loud car TV ads sprouting “Driveaway No More To Pay” deals?
Maybe it is actually a surprise, but it means literally this – there is no more to pay the dealer.
When doing your car buying research on CarSales – or anywhere else for that matter, you are not always comparing apples with apples.
What the average person new in the new OR used car market may not realise, but a car can be advertised either including or excluding a heap of on-costs.
Car dealers at least somewhere in their advertising and before you are near reaching for a pen to sign a contract of sale, must outline exactly how much the driveaway price is. This is the price including all on-costs.
On-costs typically include the following:
- Dealer delivery (not often exercised these days – because it is a cash grab!)
- Registration.
- New plates fees (if applicable).
- Registration transfer fees.
- Road improvement fees.
- 6 month registration fee (if not choosing the longer 12 month option).
- Compulsory Third Party insurance (CTP).
- Stamp duty.
As you can see there are a lot more costs than meets the eye when you are buying a car.
Private sellers do NOT have to advertise a price inclusive of all of these extras.
Dealers do.
This is why dealers make such a big deal of “No more the pay” because usually there is quite a bit more to pay than just the advertised price.
For example a 6 cylinder Commodore advertised at $9900 would cost approximately $10,800 on the road with no more to pay.
So when next you are buying a car in Brisbane, check to see if the price is advertised Ex on road costs – or is a good deal including them all.
Or if you are selling your car, call me on 0411 362 229.