Is There a Purchase Limit for Individuals Buying Cars?
1 Answers
Generally, there are no restrictions. However, some local regulations in certain areas, due to urban road capacity limitations, have introduced measures such as purchase restrictions, license plate lotteries, or emission restrictions for the region. Additional Information: 1. Restriction Measures: Vehicle restrictions, odd-even license plate restrictions, and bans on out-of-town license plates entering urban areas—many of these traffic control measures were first implemented in Beijing and later adopted by other major cities across the country. The limitation on individual car purchases may also be applied in megacities like Beijing, Shanghai, Guangzhou, and Shenzhen, which face severe traffic congestion. 2. New Regulations: Under the new rules, individuals who own multiple Beijing license plate quotas may be allowed to transfer their excess quotas to immediate family members (who must have Beijing residency or a residence permit). If the excess quotas are not transferred, individuals can continue to use the cars registered under their names after January 1 of the following year. However, if they sell or transfer the vehicles, the associated quotas will be revoked.