How Long Does a Vehicle Purchase Quota Remain Valid Before Expiration?
1 Answers
Vehicle purchase quotas expire after six months of inactivity. Additional Information: 1. Vehicle Purchase Quota: A vehicle purchase quota represents the eligibility to purchase and license a car. For instance, if only 20,000 license plates are issued monthly but demand exceeds supply, a lottery system is implemented. Eligible participants can enter the draw, and only those selected gain the right to license their vehicles—this selection constitutes obtaining a quota. 2. Lottery Eligibility Requirements: According to the "Interim Provisions on the Regulation of the Quantity of Small Passenger Vehicles in Beijing," individuals eligible for the lottery must not have a small passenger vehicle registered in their name within the city and must hold a valid driver's license, meaning one driver is limited to purchasing one vehicle. Additionally, applicants must meet one of the following five criteria: Beijing household registration; active-duty military personnel or armed police stationed in Beijing; Hong Kong, Macao, Taiwan residents, overseas Chinese, or foreigners with valid ID residing in Beijing for over one year; non-local residents holding a valid "Beijing Work Residence Permit"; or non-local residents holding a valid Beijing temporary residence permit who have paid social insurance and personal income tax in Beijing for five consecutive years (or more).
