Is It Advisable to Buy a 'Beihu' Car?
1 Answers
It is not recommended to purchase a 'Beihu' car. In simple terms, a 'Beihu' car refers to a vehicle that cannot be transferred due to special reasons such as mortgage or the original owner being missing. No matter how long you drive a 'Beihu' car or how much you spend on it, the name on the vehicle registration certificate will always belong to someone else. The buyer only has the right to use the car, while legally, the car still belongs to the original owner. There are many inconveniences when using a 'Beihu' car in real life. For example, car insurance now requires real-name registration and payment must be made with a bank card under the owner's name. When dealing with traffic accidents, the owner's ID card and bank card are required. The main drawback of buying a 'Beihu' car is that if the original owner faces debt or other financial issues leading to court seizure of their assets, the 'Beihu' car you purchased will also be included. In such cases, you can only let the authorities take the car away.