What does it mean when a car can be transferred but cannot have its records relocated?
1 Answers
Transferring ownership and relocating records are the same thing; when a car can be transferred but cannot have its records relocated, both the buyer and seller need to resolve the issue. Below is an introduction to the insurance knowledge related to transferred cars: 1. Introduction: If the used car being transferred did not have insurance before, the new owner must purchase compulsory traffic insurance and commercial vehicle insurance according to the standards for new cars. If the purchased used car originally came with insurance, the new owner must complete the insurance policy transfer procedure after the vehicle ownership transfer is processed. Except for the first year's compulsory traffic insurance, which must be calculated and paid at the original price, subsequent vehicle insurance can be chosen and purchased by the owner. 2. Insurance types: Owners can select suitable insurance combinations based on actual circumstances: there is no need to purchase too many types of insurance. Depending on the vehicle's actual condition and individual circumstances, try to choose an applicable combination of insurance types that can roughly cover the main insurance categories.