What is the car replacement quota?
1 Answers
Car replacement quota refers to the policy that allows car owners to directly apply for a new vehicle registration quota without participating in the lottery, by either scrapping or selling their old vehicle. The vehicle update quota confirmation notice serves as the proof document for the new quota. The quota management authority will review and approve the application based on valid documents provided by the traffic management department of the public security authority, and then publish the vehicle update quota confirmation notice on designated websites. The update quota is valid for 6 months. Car buyers must complete the vehicle registration procedures within 6 months from the date of obtaining the update quota. Failure to complete the registration within this period will be regarded as automatic forfeiture of the update quota. If replacing an old car with a new one at a 4S dealership, these procedures can be handled by the dealership. The car owner only needs to bring their ID card, the original vehicle purchase invoice, vehicle registration certificate, and driving license to the 4S dealership staff to complete the replacement process in one step.