What is the 'Refund and Triple Compensation' Regulation for Used Cars?
1 Answers
According to Article 55 of the 'Consumer Rights and Interests Protection Law of the People's Republic of China': If a business operator commits fraud in providing goods or services, they shall, at the consumer's request, increase the compensation for the losses incurred by the consumer. The increased compensation shall be three times the price of the goods purchased or the cost of the services received. Additional Information: 1. Management Measures: According to Articles 17 and 22 of the 'Used Car Circulation Management Measures', the seller of a used car shall provide the buyer with truthful information about the vehicle's usage, repairs, accidents, inspections, and whether it has been registered for mortgage, tax payments, or reached its scrapping period. 2. Legal Vehicle Documents: 'Motor Vehicle Registration Certificate', 'Motor Vehicle Driving License', valid motor vehicle safety technical inspection compliance mark, vehicle purchase tax payment certificate, road maintenance fee payment receipt, vehicle and vessel usage tax payment receipt, and vehicle insurance policy.