Should I sell the old car or buy the new car first for the replacement subsidy?

[MartinAnn]

You must sell the old car first before purchasing a new one. The replacement subsidy targets old cars over 5 years old, providing cash subsidies with costs shared equally between Beijing municipality and the automaker. Introduction to replacement subsidy: The replacement subsidy targets old cars over 5 years old, providing cash subsidies with costs shared equally between Beijing municipality and the automaker. Preliminary discussions categorize vehicles into 3 tiers based on usage years. Loan replacement: If the old car loan hasn't been fully repaid, dealers can advance the payment to clear the loan, with the amount included in the new car payment. Alternatively, the new car can be purchased through installment plans or other payment methods.