What does 'beihu' mean in the context of used cars?
1 Answers
'Beihu' in used cars refers to vehicles that cannot be transferred to a new owner. A beihu car is completely normal in all aspects, with all possible documentation complete, annual inspections and insurance up to date, but it simply cannot be transferred. Below is an introduction to beihu cars: Reasons why vehicle ownership is not transferred after a transaction: The license plate's registered location is too far away, making the transfer process too costly; vehicles used as debt repayment; possible cases where the owner has passed away and the vehicle has not been deregistered; transfer of both the license plate and the vehicle in areas with purchase restrictions; out-of-town vehicles that cannot be registered locally due to migration restrictions; commercial vehicles converted to non-commercial use being sold cheaply as beihu cars. Impact of beihu: The beihu has the right to sell the vehicle or report it as lost, which could turn the vehicle into an unregistered one, and traffic police can legally impound it. Moreover, in the event of a traffic accident, the perpetrator is primarily held responsible. If the perpetrator flees, the vehicle owner must compensate first, so being a beihu also carries significant risks. Models of beihu cars: There are two models of beihu cars. The first model is individual beihu, where the original vehicle is registered under an individual's name. The second model is corporate beihu, where the original vehicle is registered under a company's name.
