Is There Profit in Scrapping Cars?
1 Answers
Vehicle owners can receive residual value fees for scrapping their cars. If the scrapped vehicle meets subsidy standards, they may also qualify for national subsidies. Conditions for scrapping vehicles: Owners applying for vehicle scrapping and replacement must fill out one copy of the "Motor Vehicle Alteration, Transfer, Modification, Suspension, or Scrapping Application Form," stamped with the owner's seal; register and submit the application for review. For vehicles that have reached the scrapping age limit, a "Vehicle Scrapping Notice" will be issued; for vehicles that have not yet reached the scrapping age limit, upon inspection and confirmation that they meet the scrapping standards, a "Vehicle Scrapping Notice" will be issued. New scrapping standards: The newly released "Mandatory Scrapping Standards for Motor Vehicles" specifically define the mandatory scrapping age limits for various types of motor vehicles: Non-operational small and micro vehicles do not have a defined scrapping age limit. However, once the vehicle's mileage reaches 600,000 kilometers, it will be guided to be scrapped. When the vehicle reaches 15 years of age, the annual inspection frequency will change from once a year to once every six months. If the vehicle fails the inspection, it will be mandatorily scrapped.
