What is the difference between a vehicle with one transfer and zero transfers?
1 Answers
The difference is that a vehicle with zero transfers is considered a personal first-hand car, while a vehicle with one transfer is not a personal first-hand car. When purchasing a used car, it is essential to check whether the vehicle you are about to buy falls under the category of non-transferable types to avoid unnecessary complications. The following types of used cars cannot be transferred: 1. Used cars under mortgage: Mortgage cars refer to vehicles that are currently under mortgage or have passed the mortgage period but have not had the mortgage lifted. For example, if the original owner used the car as collateral for a loan but failed to repay the lending company and did not cancel the mortgage agreement. In such cases, according to China's Guarantee Law, the vehicle cannot be transferred until the mortgage is lifted. 2. Illegally modified used cars: Used car transfers require inspection. If the original owner has illegally modified car parts without authorization, the vehicle cannot be transferred.