Second-hand car,Old Motor Vehicle

Second-hand vehicles refer to motor vehicles that are registered with the public security and traffic management agencies, have been in service before reaching the scrapping standards stipulated by the state or within their economic and practical life, and can still be used.   Second-hand car, translated into English as “Second Hand Vehicle” or Used Car, means “second-hand car” or “used car”, and is called “old motor vehicle” in China . “Middle-hand cars” is what Japan calls them, but Taiwan, China, also calls them “second-hand cars.” North America is the most developed market for second-hand cars. Because ordinary people may not necessarily be able to buy “second-hand” cars when they buy used cars, and most of them are cars and family jeeps, so in North America they are commonly called “second-hand cars”. Used cars”.   The government work report proposes to extend the preferential vehicle purchase tax policy for new energy vehicles for another three years and to completely cancel the relocation restriction policy for second-hand cars. Experts say this will further unleash the potential of the second-hand car consumer market. [1]   In May 2019, the Ministry of Commerce, the Ministry of Public Security, and the General Administration of Customs jointly held a special meeting on second-hand car export and officially launched the second-hand car export work. The first batch of regions to carry out second-hand car export business are Beijing, Tianjin, Shanghai, Zhejiang (Taizhou), Shandong (Jining), Guangdong, Sichuan (Chengdu), Shaanxi (Xi’an), Qingdao, and Xiamen [2 ]. In July 2022, 17 departments including the Ministry of Commerce issued the ” Notice on Several Measures to Revitalize Automobile Circulation and Expand Automobile Consumption “. Starting from August, the restriction on the relocation of small non-operational second-hand cars of National Five standards will be canceled nationwide.   Property definition   The definition of second-hand cars is directly related to the scope of the vehicles involved, and to some extent, it is also related to the scientific nature of the second-hand car evaluation system and the standardization of market transactions, so it is necessary to give a clear definition.   Definition basis   On October 1, 2005, the ” Used Car Circulation Management Law ” jointly issued by the Ministry of Commerce , the Ministry of Public Security , the State Administration for Industry and Commerce , and the State Administration of Taxation was officially implemented. Article 2 of the General Principles of this Measure defines second-hand cars as follows: Second-hand cars refer to cars that are traded and ownership is transferred after completing the registration formalities and reaching the scrappage standard of the national system (including three-wheeled vehicles , low-speed trucks, that is, the original agricultural vehicles) cars), trailers and motorcycles .   Suitable for the crowd   Cheap prices are the biggest selling point of used cars. For the same money as buying a new car, you can buy a higher-grade used car. Therefore, from the perspective of reducing the cost of car purchase, buying second-hand cars is a wiser choice for the general public . There are also some beginner drivers who have just obtained their driver’s license but their skills are not good enough. They might as well buy a second-hand car to practice their skills first. For those car enthusiasts who want to experience a new feeling , second-hand cars are the best choice.   Buying advantage   1. Economical and affordable   Second-hand cars are generally not the latest models on the market, and are usually two years behind. If you buy a second-hand car of the same brand and model one to two years later, you can save thousands of dollars. In addition, as oil prices rise, citizens’ travel costs continue to increase. If a citizen is not very well-off and only buys a car for transportation, it is still very cost-effective to buy a second-hand car.   2. Low discount rate   As long as any car is registered and settled in the vehicle management office, its value will continue to decrease every year, regardless of whether you use it or not, or use it more or less. Generally speaking, it will depreciate by 20% after one year, 35% after two years, and 50% after three years. According to fair-price used car evaluation statistics, the more high-end cars, the greater the discount rate, and the annual discount rate can be as high as more than 10,000 yuan. If you want to buy a second-hand car, it is equivalent to someone else paying for your own discount rate. For the same price you pay for a new car, you can buy two good second-hand cars. Even if you sell the car after using it for a few years, you will still be paying for it. You won’t lose much. Searching for used car brands and models at fair prices will have accurate vehicle valuation reports.   3. No pain when scratched   Many people who buy cars are novices and are often nicknamed “road killers”. Due to lack of driving experience and driving skills, they will inevitably encounter scratches and bumps on the road. If it is a new car, it will need to be painted and maintained, which adds up to this. It’s also a considerable expense. When buying a second-hand car, even if it gets scratched, the distress will be much less. As long as small scratches and bumps are innocuous, you can make do with it. When the problem becomes serious, you can just give the car a major refurbishment and beautification.   4. The parts are easy to match   When buying a newly launched car, once something breaks down, it will usually be difficult to buy auto parts after traveling to many places. But if you buy a second-hand car, you no longer have to worry about the difficulty of buying auto parts. Because generally second-hand cars are models from two years ago, the car service industry such as spare parts, beauty, and maintenance for the car is already very sound and mature. Car-related accessories are also relatively abundant, and car owners generally no longer have to worry about not being able to buy them. Traveling around for auto parts.   5. Unpopular cars   Second-hand cars are divided into popular models and unpopular models, and popular models and unpopular models have different discount rates in the market. Similarly, the future maintenance prices for popular and unpopular cars are also different, including the purchase of accessories. Therefore, it is recommended that everyone buy a popular model when buying a car. Of course, less popular cars are cheaper. Whether buying a new car or a second-hand car, you must consume rationally according to your own financial strength .

Second-hand vehicles refer to motor vehicles that are registered with the public security and traffic management agencies, have been in service before reaching the scrapping standards stipulated by the state or within their economic and practical life, and can still be used.

 

Second-hand car, translated into English as “Second Hand Vehicle” or Used Car, means “second-hand car” or “used car”, and is called “old motor vehicle” in China . “Middle-hand cars” is what Japan calls them, but Taiwan, China, also calls them “second-hand cars.” North America is the most developed market for second-hand cars. Because ordinary people may not necessarily be able to buy “second-hand” cars when they buy used cars, and most of them are cars and family jeeps, so in North America they are commonly called “second-hand cars”. Used cars”.

 

The government work report proposes to extend the preferential vehicle purchase tax policy for new energy vehicles for another three years and to completely cancel the relocation restriction policy for second-hand cars. Experts say this will further unleash the potential of the second-hand car consumer market. [1]

 

In May 2019, the Ministry of Commerce, the Ministry of Public Security, and the General Administration of Customs jointly held a special meeting on second-hand car export and officially launched the second-hand car export work. The first batch of regions to carry out second-hand car export business are Beijing, Tianjin, Shanghai, Zhejiang (Taizhou), Shandong (Jining), Guangdong, Sichuan (Chengdu), Shaanxi (Xi’an), Qingdao, and Xiamen [2 ]. In July 2022, 17 departments including the Ministry of Commerce issued the ” Notice on Several Measures to Revitalize Automobile Circulation and Expand Automobile Consumption “. Starting from August, the restriction on the relocation of small non-operational second-hand cars of National Five standards will be canceled nationwide.

 

Property definition #

 

The definition of second-hand cars is directly related to the scope of the vehicles involved, and to some extent, it is also related to the scientific nature of the second-hand car evaluation system and the standardization of market transactions, so it is necessary to give a clear definition.

 

Definition basis #

 

On October 1, 2005, the ” Used Car Circulation Management Law ” jointly issued by the Ministry of Commerce , the Ministry of Public Security , the State Administration for Industry and Commerce , and the State Administration of Taxation was officially implemented. Article 2 of the General Principles of this Measure defines second-hand cars as follows: Second-hand cars refer to cars that are traded and ownership is transferred after completing the registration formalities and reaching the scrappage standard of the national system (including three-wheeled vehicles , low-speed trucks, that is, the original agricultural vehicles) cars), trailers and motorcycles .

 

Suitable for the crowd #

 

Cheap prices are the biggest selling point of used cars. For the same money as buying a new car, you can buy a higher-grade used car. Therefore, from the perspective of reducing the cost of car purchase, buying second-hand cars is a wiser choice for the general public . There are also some beginner drivers who have just obtained their driver’s license but their skills are not good enough. They might as well buy a second-hand car to practice their skills first. For those car enthusiasts who want to experience a new feeling , second-hand cars are the best choice.

 

Buying advantage #

 

1. Economical and affordable #

 

Second-hand cars are generally not the latest models on the market, and are usually two years behind. If you buy a second-hand car of the same brand and model one to two years later, you can save thousands of dollars. In addition, as oil prices rise, citizens’ travel costs continue to increase. If a citizen is not very well-off and only buys a car for transportation, it is still very cost-effective to buy a second-hand car.

 

2. Low discount rate #

 

As long as any car is registered and settled in the vehicle management office, its value will continue to decrease every year, regardless of whether you use it or not, or use it more or less. Generally speaking, it will depreciate by 20% after one year, 35% after two years, and 50% after three years. According to fair-price used car evaluation statistics, the more high-end cars, the greater the discount rate, and the annual discount rate can be as high as more than 10,000 yuan. If you want to buy a second-hand car, it is equivalent to someone else paying for your own discount rate. For the same price you pay for a new car, you can buy two good second-hand cars. Even if you sell the car after using it for a few years, you will still be paying for it. You won’t lose much. Searching for used car brands and models at fair prices will have accurate vehicle valuation reports.

 

3. No pain when scratched #

 

Many people who buy cars are novices and are often nicknamed “road killers”. Due to lack of driving experience and driving skills, they will inevitably encounter scratches and bumps on the road. If it is a new car, it will need to be painted and maintained, which adds up to this. It’s also a considerable expense. When buying a second-hand car, even if it gets scratched, the distress will be much less. As long as small scratches and bumps are innocuous, you can make do with it. When the problem becomes serious, you can just give the car a major refurbishment and beautification.

 

4. The parts are easy to match #

 

When buying a newly launched car, once something breaks down, it will usually be difficult to buy auto parts after traveling to many places. But if you buy a second-hand car, you no longer have to worry about the difficulty of buying auto parts. Because generally second-hand cars are models from two years ago, the car service industry such as spare parts, beauty, and maintenance for the car is already very sound and mature. Car-related accessories are also relatively abundant, and car owners generally no longer have to worry about not being able to buy them. Traveling around for auto parts.

 

5. Unpopular cars #

 

Second-hand cars are divided into popular models and unpopular models, and popular models and unpopular models have different discount rates in the market. Similarly, the future maintenance prices for popular and unpopular cars are also different, including the purchase of accessories. Therefore, it is recommended that everyone buy a popular model when buying a car. Of course, less popular cars are cheaper.
Whether buying a new car or a second-hand car, you must consume rationally according to your own financial strength .

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