What does 'company-owned used car' mean?
2 Answers
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.
Bro, when it comes to second-hand company-registered vehicles, having been in the car industry for over a decade, it basically refers to used cars that were originally registered under a company's name and then resold. Why? Well, company cars are typically official vehicles or rental cars, which are usually maintained more systematically with regular servicing at 4S shops, so the records are relatively complete. However, there are also downsides—they might have been driven more, used for long trips frequently, and depreciate faster. Plus, during the transfer process, you need to check for any outstanding mortgages or fines. My advice to buyers is not to just go for the cheap price. You should personally inspect the vehicle license, verify ownership, and test-drive the car to avoid regrets later. These cars are quite common in the market—easy to find but with risks to watch out for, especially since the transfer procedures are more complicated than with private cars. Overall, for those in the know, they can be a good deal, but beginners should be extra cautious.
