Regulations on Refund and Triple Compensation for Used Cars?
1 Answers
According to Article 55 of the 'Consumer Rights and Interests Protection Law of the People's Republic of China': If a business operator commits fraud in providing goods or services, they shall, at the request of the consumer, increase the compensation for the losses suffered by the consumer. The increased compensation amount shall be three times the price of the goods purchased or the cost of the services received by the consumer. Additional information: 1. According to Articles 17 and 22 of the 'Used Car Circulation Management Measures', the seller of a used car shall provide the buyer with truthful information about the vehicle's usage, repairs, accidents, inspections, and whether mortgage registration, tax payments, or scrapping procedures have been completed. 2. Legal documents for the vehicle: 'Motor Vehicle Registration Certificate', 'Motor Vehicle Driving License', valid motor vehicle safety inspection certificate, vehicle purchase tax payment certificate, road maintenance fee payment receipt, vehicle and vessel usage tax payment receipt, and vehicle insurance policy.