What Does Company-Owned Vehicle Mean and Is It Advisable to Purchase?
1 Answers
Company-owned vehicles refer to those registered under the name of a company or enterprise. Whether to purchase one depends on individual needs. Advantages of second-hand company-owned vehicles: The most obvious benefit is their lower price. Additionally, these vehicles are typically maintained and serviced at 4S shops, with complete maintenance records available. Disadvantages of second-hand company-owned vehicles: For buyers, the ownership remains under the company name, which may lead to disputes in the future. For instance, if authorities seize the seller's assets, the vehicle could still be subject to confiscation. For sellers, if the sold vehicle becomes involved in debt disputes and the ownership transfer is not completed promptly, the seller might still bear certain liabilities, resulting in more losses than gains.