How long are vehicle purchase quotas retained after selling a car in Hainan?
4 Answers
Vehicle purchase quotas are retained for about half a year after selling a car in Hainan. Introduction to VIN: The Vehicle Identification Number (VIN), or chassis number, is a unique 17-character alphanumeric code assigned to a vehicle. It identifies the manufacturer, engine, chassis number, and other specifications of the car. To avoid confusion with the numbers 1, 0, and 9, the letters "I", "O", and "Q" are not used. Additionally, the 10th digit, which represents the model year, does not use "I", "O", "Q", "U", "Z", or "0". VIN Structure: There are two main formats for VINs. The first is the ISO 3779 standard adopted by the European Union. The second standard is primarily used in North America and is more stringent than the first, but the two formats are still compatible with each other.
I've sold cars a few times in Hainan, and the license plate quota retention issue really requires attention. I remember the policy states that you must apply to retain your quota within 6 months after selling your car, otherwise it expires and you'll have to enter the lottery again. When applying, you need to bring the old vehicle certificate, ID card, and processing fee to the DMV - the procedure is simple but time-sensitive. Don't expect to delay too long, six months passes quickly. A friend of mine got lazy about it, missed the deadline, and had to pay an agent. It's said Hainan's license plate restrictions aim to control vehicle growth and ease traffic congestion, but extending the quota retention period would be more user-friendly. My advice is to immediately plan for a new purchase or transfer after selling your car, and check the latest official notices online as some areas may have different rules for NEVs. Overall, handling it early prevents regrets.
In our line of work, we've come across many cars. In Hainan, it's commonly said that the quota retention period after selling a car is generally six months. During this time, you must promptly purchase a new car or transfer the quota, otherwise it will automatically become invalid. The process isn't actually difficult; you can submit an application via a mobile app or at the vehicle management office window. However, it's important to prepare all the required documents correctly, as regaining the quota after expiration can be costly and you might not even win the lottery for a new one. The quota system was originally intended for environmental control of vehicle numbers, but during implementation, some people hoarded licenses for speculation. Now, the system is much more refined with stricter monitoring. In the era of electric vehicles, the rules are more flexible, encouraging quick updates to reduce pollution. In short, taking proactive action is better than suffering passive losses.
Speaking of quota retention, my experience in Hainan is to get it done within six months. If it expires, it's equivalent to giving up. Take action to apply for retention or transfer immediately after selling your car, don't wait until the last minute. The policy is designed to balance the number of vehicles, but in practice, the short timeframe can sometimes be stressful. If you plan to buy a new car again, handle the procedures steadily with fewer document errors for faster processing. Losing the quota can disrupt your travel plans, so clarify in advance to avoid regrets.
