What does the exemption from the three guarantees for parallel-imported vehicles mean?
2 Answers
Parallel-imported vehicle exemption from the three guarantees refers to a disclaimer agreement where dealers require vehicle owners to waive their right to claim compensation when quality issues arise with the vehicle. After the introduction of the automotive three guarantees law, parallel-imported vehicles are required to purchase compulsory quality assurance insurance, known as 'compulsory three guarantees,' at the time of invoice issuance. Some may opt not to purchase the three guarantees at the time of invoicing, but they will be required to sign a disclaimer agreement, relinquishing the right to claim compensation in case of vehicle quality issues. This is what is referred to as exemption from the three guarantees. Currently, parallel-imported vehicles mainly fall into two categories: narrowly defined parallel-imported vehicles and modified vehicles (also known as large-trade vehicles). For narrowly defined parallel-imported vehicles, according to national regulations, the importer is responsible for the three guarantees and recall obligations.
I have deep personal experience with buying parallel imported cars. Last time when I picked up the car, the salesperson specifically emphasized the disclaimer clauses in the warranty. Simply put, unlike new cars from 4S stores that enjoy manufacturer-provided repair, replacement, and return services, if there's a malfunction with these cars, you have to deal with it yourself and negotiate with the seller. The contract stated a one-year warranty for core components, but things like electrical circuits and air conditioning weren't covered. I'd advise friends considering a purchase to insist on signing a supplementary agreement with the dealer, clearly specifying which parts are covered and for how long. It's also best to record conversations as evidence. Daily maintenance should be more diligent too—I check fluids and tire pressure every month, especially since waiting for foreign parts can take two to three weeks. While parallel imported cars are genuinely 30,000 to 50,000 yuan cheaper, the hidden costs need to be factored in.
