Can an operating vehicle be directly transferred to an individual?
1 Answers
An operating vehicle can be directly transferred to an individual, but the other party needs to issue a power of attorney, designating one party as the agent to handle the transfer. Generally, when transferring an operating vehicle to an individual, in addition to the transfer fee, relevant taxes must be paid, including a halved 4% VAT and additional urban construction tax and education surcharge based on the VAT. Below are the required documents for transferring an operating vehicle to an individual: Used vehicle sales contract. The seller's company must issue a sales invoice to the buyer at the actual transaction price (a copy is required). The vehicle must be present. Original and photocopy of the buyer's ID card. Original and photocopy of the vehicle's initial purchase invoice or the last transfer invoice. Original and photocopy of the vehicle's registration certificate. Original and photocopy of the seller's company's legal entity code certificate. Original and photocopy of the vehicle's license. After completion, bring the transfer invoice, vehicle photo, license, registration certificate, and buyer's ID card to the DMV to process the vehicle transfer registration (update the license).