Differences Between Company-Owned and Privately-Owned Vehicles
1 Answers
Different documents required for registration: Company-owned vehicles require business license, IC card, organization code certificate, capital verification report, etc.; When processing, ID card is needed. For non-local residents, additional documents such as non-local household registration and temporary residence permit are required. Different payment responsibilities: For company-owned vehicles, the company should pay the purchase price; For privately-owned vehicles, the individual should pay the purchase price. Different ownership of the vehicle: Company-owned vehicles belong to the company, with the company's name on the vehicle license, making it the legal property of the company; Privately-owned vehicles have the individual's name on the vehicle license, making it private property.