What is a Mingpan in the Used Car Market?

[McIker]

Mingpan is a jargon in the used car trading market, meaning clearly marked prices. In simpler terms, it refers to the open discussion of a car's value between the buyer and seller. The buyer states their maximum acceptable price, and the seller also clearly states their minimum acceptable price. If both parties are satisfied, the transaction is considered complete. In the used car market, Mingpan is commonly used. As long as the model seen by the buyer meets their aesthetic and vehicle requirements, and the price is satisfactory, the deal can be quickly finalized, often in an instant. For buyers, this eliminates many complex negotiation processes. Precautions when buying a Mingpan car: Always purchase from reputable institutions and ensure you understand the source of the Mingpan car to avoid buying an illegal vehicle, which could lead to serious legal consequences, including criminal liability. Buying a Mingpan car is similar to buying any used car—carefully inspect the vehicle's condition to avoid purchasing a car that has been in an accident or flooded.

[LeJames]

Last time I was at the used car market, I came across dealers who practice 'Ming Pan'—they directly label each car with a price sticker on the windshield. This transparent pricing method is called 'Ming Pan.' I found it quite hassle-free, as it saved me the time of haggling back and forth. However, buyers should be cautious, as some dealers might intentionally inflate prices to leave room for negotiation or list accident-damaged cars at attractively low prices to lure customers. As a buyer, I prefer 'Ming Pan' listings because they allow for quick price comparisons. For example, on the Guazi Used Car platform, I filtered for 'Ming Pan' cars and narrowed down three options within two hours. Of course, some unscrupulous sellers now post inflated prices, so I recommend checking the market average for the same model after seeing the 'Ming Pan' price. It’s also best to bring a car-savvy friend for an on-site inspection.

[DeSamuel]

I often see people asking what 'Ming Pan' means. Actually, it refers to directly listing the selling price in used car transactions. I've used this strategy when selling my old car by putting the price in the forum post title. The biggest advantage is attracting serious buyers and avoiding dozens of price negotiation messages daily. However, I must remind everyone to reference actual market prices when setting prices. Once I encountered a Passat listed at 140,000 yuan, which turned out to be a flood-damaged car. The dealer used a low 'Ming Pan' price to lure people in. My advice is: don't just focus on the price when checking a car. Carefully examine the vehicle license records and maintenance history, as some unscrupulous dealers may tamper with the odometer before listing an attractive 'Ming Pan' price.

[MacFrank]

My first used car purchase was a transparently priced vehicle, with the seller directly listing it at 68,000 RMB on Xianyu. This kind of open pricing transaction is becoming increasingly popular nowadays, eliminating the need for private inquiries about the price and saving a lot of time. However, be aware that there might be discrepancies between the online listed price and the actual price. Last month, when I accompanied a friend to view a car, the vehicle listed at 120,000 RMB on the platform required an additional service fee upon arrival at the dealership. As a buyer, it's best to confirm in advance whether the price includes transfer fees, as some dealers play word games. Also, don't get too excited when you see an especially low-priced listing; remember to check the insurance claim history, as a low price usually indicates some flaws in the car's condition.