Is the Scrap Subsidy for Sedans Really 18,000 Yuan?

[MacMaddox]

The scrap subsidy for sedans is not that high, and only vehicles that meet the standards for early scrapping can receive the subsidy. Therefore, under normal circumstances, when a sedan is scrapped, it can only fetch a residual value of around 300-600 yuan. Unlike the scrapping age for other vehicles, the scrapping of private cars is based on mileage, with 600,000 kilometers as the threshold. Once the mileage reaches 600,000 kilometers, the state will guide the scrapping. If the car is over 15 years old and the mileage has not reached 600,000 kilometers, the vehicle needs to undergo two annual inspections each year. If it fails the inspection, it will be forcibly scrapped.