What does 'company-owned used car' mean?

1 Answers
LaJuliette
07/30/25 6:09am
Company-owned vehicles refer to vehicles whose registered owner is a company or enterprise. Most of these company-owned used cars are sold at lower prices due to being repossessed from bankrupt companies. Below are the required documents for purchasing a company-owned used car: 1. ID Card: Original and photocopy of the original owner's ID card or the agent's ID card. 2. Registration Certificate: Original and photocopy of the vehicle registration certificate. 3. Driving License: Original and photocopy of the vehicle driving license. 4. Invoice: Original and photocopy of the purchase invoice (red copy) or the last transfer invoice (red copy). 5. Proof: Proof of paid purchase tax. 6. Certificate: Original and photocopy of the organization code certificate (with official seal) for transfer.
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