What does employee car mean?
1 Answers
An employee car is a type of vehicle specifically sold by automobile manufacturers to their employees. The vehicle itself is generally in good condition, but the main issue lies in the transfer of ownership. Typically, these cars are initially registered under the employee's name and then transferred to the buyer's name, meaning you are essentially purchasing a used car. Below is relevant information about vehicle ownership transfer: 1. Introduction: Vehicle ownership transfer refers to changing the name of the vehicle's owner. When buying a used car, aside from checking the car's condition, the most important step is completing the ownership transfer process. 2. Principle: Every car has a fixed registration, which primarily records the owner's name, address, and some relevant vehicle parameters. Transferring ownership proves that the car belongs to the new owner and has no accident or violation records. However, if the car has issues such as being involved in an accident, failing an annual inspection, being stolen, or being smuggled, it cannot be transferred through normal procedures.