Differences Between Company-Registered and Privately-Registered Vehicles

[Colton]

Here are the specific differences between company-registered and privately-registered vehicles: 1. Required documents for registration: Company-registered vehicles require a business license, IC card, organization code certificate, capital verification report, etc.; privately-registered vehicles only need an ID card. For non-local residents, a non-local household registration and temporary residence permit are required. 2. Payment responsibility: For company-registered vehicles, the company should pay the purchase price; for privately-registered vehicles, the owner must pay the purchase price. 3. Vehicle ownership: Company-registered vehicles belong to the company, with the company's name on the vehicle license, making them the legal property of the company; privately-registered vehicles have the owner's name on the license, making them private property. 4. Impact on creditors: If the vehicle is the legal property of the company, creditors of the company's external debts can legally apply to preserve or execute this property. If the vehicle is personal property, creditors of the company's debts generally cannot apply to preserve or execute this property.