Do used car dealers transfer ownership to themselves when purchasing vehicles?
1 Answers
Most used cars purchased by dealers are initially not transferred. The ownership is directly transferred to the buyer only after the buyer tests the car and makes the payment, which helps save on transfer fees. Dealers will only transfer the ownership to themselves first if the seller sets the transfer as a precondition. Below are the relevant regulations: Article 19 of the "Motor Vehicle Registration Regulations" stipulates: If the current motor vehicle owner's residence is within the jurisdiction of the vehicle management office, the office shall, within one day from the date of accepting the application, confirm the motor vehicle, verify the vehicle identification code imprint, review the submitted documents and certificates, retrieve the license plate and registration certificate, determine a new motor vehicle license plate number, annotate the transfer details in the motor vehicle registration certificate, and reissue the license plate, registration certificate, and inspection qualification mark. If the current motor vehicle owner's residence is not within the jurisdiction of the vehicle management office, the office shall handle the matter in accordance with the provisions of Article 13 of these regulations.