How Long Does It Usually Take for a Trade-in Subsidy to Be Processed?

[SanJoy]

Trade-in subsidies generally take at least one month to process. When purchasing a vehicle, whether you are trading in a vehicle of the same brand or a different brand, there is usually a certain trade-in subsidy offered by the manufacturer. During the vehicle purchase process, you need to submit your bank card details directly to the manufacturer, who will then make the payment directly. Below is relevant information about trade-in subsidies: 1. Eligibility for trade-in subsidies: When purchasing a new vehicle, you must sell your old vehicle to the 4S dealership where you are buying the new car. Additionally, the registered owner of the new vehicle must be the same as the owner of the traded-in vehicle to qualify for the subsidy and complete the trade-in purchase process. 2. Variations in trade-in subsidy amounts: The amount of the trade-in subsidy varies. Different brands offer different subsidy amounts, and the subsidy also depends on the brand of the traded-in vehicle. Typically, trading in a vehicle of the same brand results in a higher subsidy, while trading in a vehicle of a different brand yields a lower subsidy. The exact amount is determined by the local dealership.