Can a company-owned vehicle be transferred to an individual?
3 Answers
When all procedures are complete, a company-owned vehicle can be transferred to an individual. Below are the relevant details: Procedures for transferring to an individual: Original and photocopy of the seller's company legal entity code certificate. Original and photocopy of the buyer's ID card. Original and photocopy of the vehicle's original purchase invoice or the last transfer invoice. The seller's company must issue a transaction invoice to the individual buyer based on the actual transaction price (a photocopy is required). Original and photocopy of the vehicle's motor vehicle registration certificate. Original and photocopy of the vehicle's license. Changing the license: After completing the transfer procedures, take the transfer invoice, vehicle photo, license, registration certificate, and buyer's ID card to the vehicle management office to complete the vehicle transfer registration. Fees: Pay for changes to road maintenance fees, additional fees, and insurance.
Transferring a company car to personal ownership is completely feasible. One of my relatives did this before – after using his company-assigned car for several years, he decided to keep it and went to the DMV to complete the transfer. The first step requires the company to issue a transfer consent letter with an official stamp, followed by preparing documents like the vehicle registration certificate, a copy of the company’s business license, and personal ID. Taxes such as purchase tax or VAT are unavoidable during the transfer—I recall it cost around a thousand yuan in fees back then. Don’t forget to check the vehicle’s condition to avoid discovering hidden issues afterward. The whole process was efficient, taking just half a day. If you’re unfamiliar with the procedures, dealerships or agents can handle it for convenience. After the transfer, the car works great for daily commuting, but regular maintenance is essential—don’t neglect it.
From a knowledge-sharing perspective, transferring a company-owned vehicle to personal ownership is feasible. The process primarily involves two parts: completing the transfer procedures and handling tax matters. First, submit an application at the local vehicle management office, bringing along company authorization documents, vehicle certificates, and personal identification. The transfer will involve paying taxes and fees, with specific amounts varying from hundreds to thousands depending on the vehicle model and local regulations. Don't forget to update the policyholder information for insurance to avoid future claim complications. The entire process can usually be completed in one day and isn't particularly complex, but it's advisable to consult the vehicle management office in advance or hire professional agents for greater reliability. After the vehicle transfer, all rights and interests belong to the individual, but regular maintenance should still not be neglected.
