Are there any preferential policies for overseas students returning to buy cars?

[Lorelei]

Overseas students returning to buy cars enjoy preferential policies such as exemption from customs duties on imported parts and waiver of vehicle purchase tax. Those who study or conduct research at regular universities, colleges, or research institutions abroad for academic purposes, pursue degrees, engage in advanced studies or scientific research, or participate in academic exchanges for more than one academic year; return to settle and work within two years after completing their studies or advanced studies; have their "first entry" within one year after graduation or completion of advanced studies; and those who study or conduct research in Hong Kong, Macao, or Taiwan regions of China are all eligible for these benefits. The waiver of vehicle purchase tax means exemption from vehicle purchase tax when registering and settling the vehicle, which amounts to approximately 10% of the vehicle price. The tax-exempt vehicle models are those produced by designated domestic car manufacturers approved by customs, with most joint-venture brands already included in the tax-exempt vehicle list. Original imported models and other domestic models not covered by the tax-exempt policy do not enjoy this benefit.