Can I Sell a Used Car I Just Bought?
2 Answers
A used car that has just been purchased can be transferred and sold if all the necessary procedures are completed and there are no traffic violations. Risks of not transferring ownership of a used car: 1. In case of an accident involving the vehicle, serious financial disputes may arise (according to Article 31 of the 'Road Traffic Accident Handling Regulations,' if the driver is unable to bear responsibility, the vehicle owner will be liable for relevant compensation). 2. Without completing the transfer of ownership, the vehicle's ownership still belongs to the original owner (although a valid transfer agreement can mitigate this risk, it cannot eliminate other risks). 3. All traffic violations related to the vehicle will be the responsibility of the original owner (failure to handle more than five violations will result in being blacklisted). 4. For vehicles without transferred ownership, the original owner must be present for the annual inspection.
I've been through this before. I bought a used car and wanted to sell it shortly after. Theoretically, it's completely doable, but financially, it's quite a loss. A car depreciates the moment you get it, especially a used one—it could drop ten or twenty thousand right away. You need to calculate the losses, including transfer fees, inspection fees, insurance transfer costs, and other miscellaneous expenses, which add up to at least a few thousand. Unless the car has major issues, like engine knocking or AC failure, that you can't tolerate, or you're really strapped for cash and need to sell urgently, I’d suggest driving it for at least half a year first. Break it in, assess its true condition, and then sell it to minimize losses. Additionally, timing and the right platform matter—popular models sell easily, but selling during the off-season is tough. In short, you can sell right after buying, but weigh the pros and cons carefully—don’t act impulsively.
