What is the car replacement quota?
1 Answers
Car replacement quota refers to a 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 updated quota is confirmed with a "Small Passenger Vehicle Update Quota Confirmation Notice" as the proof document. The quota management authority verifies the applicant's information based on the transfer or cancellation registration details of sold or scrapped small passenger vehicles provided by the traffic management department of the public security authority. Once approved, the confirmation notice is published on the designated website. Here are some relevant details: The updated quota is valid for 6 months, and the car buyer must complete the vehicle registration procedures within 6 months from the date of obtaining the update quota. Failure to complete the registration within the deadline will be considered as automatic abandonment of the update quota. If you are replacing an old car with a new one at a 4S dealership, these procedures can be handled by the dealership as a one-stop service. 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 dealership staff to complete the replacement in one step.