What are the impacts of under-invoicing when buying a new car
1 Answers
Buying a new car with under-invoicing has the following impacts: Lower valuation during second-hand transfer: If the invoice price provided to the car owner is low, when trying to sell the car, buyers will only refer to the price on the invoice, resulting in a lower selling price. When attempting to transfer the car, buyers will only consider the invoice price, leading to a lower transfer price. Difficulty in obtaining full compensation for theft or accident claims: Insurance coverage for theft and vehicle damage is generally calculated based on the invoice price. If the vehicle is stolen or involved in an accident, the owner may suffer losses and not receive full protection. Inadequate compensation when claiming from the manufacturer: When seeking compensation from the manufacturer for vehicle quality issues, it will be difficult to claim based on the actual purchase price, and compensation will only be calculated according to the invoice price.