Why Can't You Buy a Car with Cash?
1 Answers
You can directly use cash to purchase a car, and no individual or entity is allowed to refuse transactions in Renminbi. According to Article 3 of the "Regulations on the Administration of the Renminbi of the People's Republic of China": The legal tender of the People's Republic of China is the Renminbi. All public and private debts within the territory of the People's Republic of China shall be paid in Renminbi, and no unit or individual may refuse to accept it. Here are some considerations when buying a car: 1. Determine your purchasing power: Ensure that buying a car does not affect your family's overall quality of life. Based on your family's average income over the past three years, generally allocate 20% of the family's income for three years, but not exceeding 10% of the family's fixed asset value. 2. Determine the car's performance: For family cars, safety is the most important, followed by affordability. Since the safety of the car carries the lives of the entire family, safety is the top priority. 3. Determine the car's price: Visit 4S stores for specific investigations. Based on the above two steps, identify the cars you are interested in and personally visit 4S stores to inspect, including test drives, price inquiries, loan conditions, maintenance, and other related details.
