What is the difference between company car purchase and personal car purchase?

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The differences between company car purchase and personal car purchase are as follows: 1. Ownership differs: Cars bought by companies belong to the company; cars bought by individuals belong to the individual. 2. Purchase procedures differ: Personal car purchase only requires an ID card; company car purchase requires an organization code certificate and business license. 3. Insurance costs differ: Personal vehicles have lower compulsory insurance but higher commercial insurance; company vehicles have higher compulsory insurance but much lower commercial insurance. 4. Impact on creditors differs: If the car is part of the company's legal property, creditors of the company's external debts can legally apply to preserve or execute this property. If the car is personal property, generally, creditors of the company's debts cannot apply to preserve or execute this property.