What is a vehicle replacement quota?
1 Answers
Vehicle replacement quota refers to the process where car owners can directly apply for a renewal quota without participating in a lottery by scrapping or selling their old vehicle. The vehicle renewal quota confirmation notice serves as the proof document for the renewal quota. The quota management authority reviews and approves the application based on valid documents provided by the traffic management department of the public security authority, and then publishes the vehicle renewal quota confirmation notice on a designated website. The renewal quota is valid for 6 months. The car buyer must complete the vehicle registration procedures within 6 months from the date of obtaining the renewal quota. Failure to complete the procedures within the time limit will be regarded as automatically abandoning the renewal quota. If you are replacing an old car with a new one at a 4S store, these procedures can be handled by the 4S store. The car owner only needs to bring their ID card, the original vehicle purchase invoice, vehicle registration certificate, and driving license, and hand them over to the staff of the 4S store to complete the replacement in one step.