What does a transferred vehicle mean?
2 Answers
Transferred vehicle refers to the change of ownership from one owner's name to another. Below is relevant information about vehicle ownership transfer: Documents required for vehicle transfer: Original "Motor Vehicle Registration, Transfer, Cancellation/Import Application Form." Original and photocopy of the new owner's identity proof. Original or photocopy of proof of vehicle ownership transfer. Among these, the used car sales invoice, "Notice of Assistance in Execution," and allocation certificates issued by state organs, enterprises, institutions, and social organizations should be originals. Original "Release Certificate of Supervision for Vehicles under Customs Supervision of the People's Republic of China" or customs-approved transfer certificate (for vehicles under customs supervision). Original vehicle license. Original vehicle inspection record form (with standard vehicle photo and chassis number rubbing attached), original vehicle registration certificate, one standard vehicle photo, "Power of Attorney," and agent's identity proof. Precautions for vehicle transfer: Be sure to check the original vehicle purchase tax receipt. Insurance transfer should be completed promptly after the used car transfer process. Vehicles under mortgage or supervision are prohibited from being traded. When purchasing a used car, relevant policies and regulations should be reviewed.
An 'over-the-counter vehicle' refers to a car that has completed the transfer of ownership. In other words, when someone sells a car to another person, they will go through the procedures at the vehicle management office to change the name on the vehicle registration certificate to that of the new owner. This procedure is called 'transfer of ownership,' so the car after completing this process is referred to as an 'over-the-counter vehicle.' Over the years working in the automotive industry, I've handled quite a few transfer cases. It is usually the result of a used car transaction, with the advantage that the price may be much cheaper than a new car, but there are also risks, such as unknown vehicle conditions or unresolved traffic violation records. Therefore, when buying or selling, it's essential to carefully check the vehicle's history, find a reliable dealer, or bring along a knowledgeable friend to assist with the transfer process to avoid future troubles. After purchasing, regular maintenance can extend the vehicle's lifespan and make driving more worry-free.
