What are the regulations for buying a second car?
1 Answers
Chinese law does not limit the maximum number of cars a person can own, so there are no regulations or provisions restricting the purchase of a second car. However, in certain cities where car purchase quotas are required, such as Beijing, Shanghai, Guangzhou, and Shenzhen, it is stipulated that each individual can only register one motor vehicle under their name in the city. According to Article 9 of the "Interim Provisions on the Regulation of the Number of Passenger Cars in Beijing," individuals applying for a car purchase quota must meet the following conditions: 1. Be a registered resident of the city. 2. Be an active-duty military officer or armed police officer stationed in Beijing. 3. Be a Hong Kong, Macau, or Taiwan resident, overseas Chinese, or foreign national holding a valid ID and having resided in Beijing for at least one year. 4. Be a non-local resident holding a valid "Beijing Work Residence Permit." 5. Be a non-local resident holding a valid city residence permit and having continuously paid social insurance and personal income tax in the city for the past five years (inclusive).