Understanding your New Car Invoice Prices: How to Get?

Buying a new car is a joyous moment. However, in the excitement of driving your new car home, you should not forget to verify the vehicle-related documents. One of those important documents is the car invoice. Before you pay the total price of the vehicle to the dealer, you should verify the invoice to make sure that you are paying only for what you are getting. Read on to know all the details related to a new car invoice.

What is a car invoice price?

A car invoice is nothing but the document issued by the dealer requesting the final payment from you. The document comprises details such as the vehicle price breakup and the total amount to be paid by the customer (you) before taking the delivery of the car. To understand the invoice price, you need to understand the different components that make up the final price.

Below are the terms associated with the pricing of a new car.

• Ex-showroom price: It is the price fixed by the car manufacturer. It includes manufacturing cost, transportation/logistics charges, dealer margin, and the taxes (GST, cess, etc.) levied on the vehicle.

• Vehicle registration charges: It is the sum of road tax and fees for the Registration Certificate (RC) paid at the RTO (Regional Transport Office).

• Car insurance premium: It is mandatory to opt for a 3-year Third-party Car Insurance plan when you buy a new car. However, it is ideal to opt for a Comprehensive Insurance plan that comes with Own Damage and Third-party cover for better coverage.

• Additional charges: If you opt for any accessories or other services (extended warranty, roadside assistance, etc.) from the dealer, you may have to pay these additional charges. With FASTag mandatory for all four-wheelers in India, you must pay the required charges if you opt for the dealer-provided tag.

• On-road price: It is the final price you pay before driving your vehicle. It is the sum of all the parameters that are explained above.

The car invoice price is nothing but the final price or the on-road price of a vehicle. The price includes all the terms explained above except for the on-road price.

How to get an invoice for my car?

There is no particular procedure to get the invoice. Typically, when you buy a new car, the dealer provides you with a copy of the document before requesting the final payment. After you book the car, the dealer will generate the invoice once the model/variant is available at the showroom. All you need to do is verify it before settling the payment.

How to find the dealer invoice price of a car?

Finding out the dealer invoice price of a new car is straightforward. It is nothing but the final price or on-road price of the vehicle. Below are the ways to find the dealer price of a new car.

• If you are planning to buy a particular car, you may want to know the final price of the vehicle before going ahead with the booking. You can walk into the showroom or call the dealer and ask for the invoice price in such situations. The dealer will provide you with a quotation that mentions the dealer price. Note that the dealer cannot generate an invoice unless you book the car.

• The easiest way to find out the dealer or the final price is through ACKO Drive. Log on to the website (www.ackodrive.com), navigate the model you are looking for and click on the ‘Price Breakup’ option. Next, a popup opens, which gives you all the details such as ex-showroom price, on-road price and the final price after discounts.

• Lastly, you can also find the dealer invoice price after you book the vehicle. Typically, the dealer generates the invoice when the car is ready for delivery and before you settle the final payment.

How is the new car invoice calculated?

The invoice price is nothing but the final price you pay to the dealer when purchasing a new car. It is also called on-road price, as it is the cost you have to pay to drive the vehicle from the showroom. The below formula will simplify the calculation of car invoice price.

On-road price = Ex-showroom price + Registration charges + Insurance + Additional charges

In simple words, the final invoice price is the sum of ex-showroom price, registration charges, car insurance premium and any other additional charges. The additional costs may vary depending on the services or accessories you opt for from the dealer.

Key differences between quotation and car invoice price 

If you are buying a new car or planning to buy one, there is one term related to the pricing that is often confused with the invoice. And that is the quotation or quote. Invoice and quotation are two different terms, and the critical differences between them are mentioned in the table below.

Frequently asked questions

Here are some of the most frequently asked questions and their answers related to the car invoice price.

Can a car dealer give me the invoice before I book the car?

No, the dealer cannot generate the invoice unless you make the booking. If you need to know the car's final price, you can ask for a quotation with an estimated on-road price.

Can I get the new car price and discount details before I book a car at ACKO Drive?

Yes, you can see all prices and discounted-related details on the ACKO Drive website. Log on to the website www.ackodrive.com to check the price and discounts applicable on the car you are looking to buy.

Why should I ask for a quotation before booking the car?

The first thing to do when you visit the dealership is to ask for a price quotation. The quotation will indicate the final on-road price of the vehicle. The quote will help you decide the budget for your car, and you can also figure out whether the vehicle is within your budget.