What are the policies for Peugeot's old car replacement program?
2 Answers
Old mini trucks used for less than 8 years, old medium-sized taxi passenger vehicles, and old medium/light trucks used for less than 12 years are eligible for replacement. Below are the specific details: 1. Clear regulations: Vehicles owned by national institutions in Beijing, local party and government agencies at all levels, and vehicles funded by various levels of government finance, as well as motorcycles and low-speed trucks, are not eligible for government subsidies when being retired. Government subsidies are provided for retiring passenger vehicles, trucks, and special purpose vehicles (excluding yellow-label vehicles) that have been in use for 6 years or more (6 years here refers to the period from the date of vehicle registration to the date of retirement procedures, which must be at least 6 years). 2. Subsidy conditions: The so-called old car replacement subsidy is a government subsidy for replacing old cars with new ones. Not all vehicles are eligible for this replacement subsidy. Only vehicles with complete documentation, not stolen or smuggled, with a vehicle age of over 6 years, mileage not reaching the scrapping limit, able to drive normally on the road, meeting exhaust emission requirements, without any modifications or traffic violations, and holding local environmental labels, can apply for government subsidies during used car replacement. Vehicles that do not meet these requirements cannot apply for subsidies.
I recently got a new Peugeot and used their used car trade-in service, which felt quite convenient. The whole process was straightforward: I made an appointment in advance, they sent an appraiser to inspect my old car and gave a trade-in value based on its condition and market price. When purchasing the new car, this amount was directly deducted, along with additional cash subsidies and maintenance discounts. My old car was a previous-generation Peugeot 307, which I had driven for years. Although it had high mileage, it was well-maintained. The appraiser mentioned that keeping the car in good condition could increase its trade-in value, so I got a bit more discount. The policy also allows trade-ins for some non-Peugeot brands as long as the vehicle meets the required condition. I recommend cleaning your car and organizing maintenance records before the trade-in, and don’t forget to sign the contract to confirm all details. Overall, it was hassle-free and time-saving, making it a great deal.
