What Does the Old Car Replacement Subsidy Mean?
1 Answers
Old car replacement subsidy refers to the cash compensation provided to car owners who replace their used cars before purchasing new ones. This subsidy is primarily designed to encourage the recycling of used vehicles, phase out older models, and achieve economic and environmental goals. Below are the specific steps for the replacement subsidy process: 1. Transfer the old car out of the city or send it to a qualified dismantling facility for scrapping. 2. Check relevant information through designated service points or platform information systems and select the reward models listed on the transaction platform. 3. Fill out and submit the application form via the platform information system (or at a service point). The transaction platform will review the owner's information, and after supervision and approval by relevant government departments, the platform will notify the owner of the review results. 4. Approved owners can either print the enterprise reward voucher corresponding to the intended new vehicle from the platform information system or collect it at a service point. 5. The owner presents the enterprise reward voucher to the car dealership to purchase a new vehicle. 6. The dealership uploads the new car purchase information to the transaction platform. 7. The owner submits materials related to the old car elimination and new car replacement at a service point to apply for the government subsidy. After approval, the government subsidy will be transferred to the owner's bank account within N working days.