What are the impacts of purchasing China 5 vehicles?
2 Answers
The introduction of the China 6 standard does not have a significant impact on the majority of consumers; its effects are mainly targeted at automobile manufacturers. The China 6 standard is an emission regulation for vehicle production by automakers, and consumers can still drive China 5 vehicles normally. However, China 5 vehicles experience depreciation: For owners who use China 5 vehicles for personal use, the introduction of the new China 6 standard does not have a noticeable impact. But after the implementation of China 6, China 5 vehicles have seen a significant depreciation. Therefore, if owners plan to sell their vehicles in the second-hand market, they will likely incur losses. Additionally, many manufacturers have already started offering discounts and promotions for China 5 models. So, if China 5 vehicle owners plan to change cars in the future, their old China 5 vehicles will definitely depreciate, and they will have to sell them at lower prices.
I specifically researched China 5 vehicles when considering a car change recently. The biggest impact is the license plate registration issue - major cities like Beijing and Shanghai now require China 6 standards for new registrations. If your local area still allows registration, that's fine, but selling the car later could be troublesome. There are emission restrictions for cross-city used car transactions now, and China 5 vehicles often face transfer limitations - my friend suffered losses because of this. With China 6 becoming standard, China 5 cars depreciate faster; you'd lose at least 20,000-30,000 yuan when reselling after a few years. However, if you're on a tight budget, China 5 vehicles are indeed cheaper, but you need to pay attention to passing the annual emission tests. Some owners I know reported needing extra cleaning of the three-way catalytic converter to pass inspection.
