What does the vehicle replacement subsidy mean?

Car replacement subsidy means that before buying a new car, if the used car is replaced before, the replaced owner will get cash compensation. The subsidy is mainly to encourage the recycling of used cars and eliminate some old models, so as to achieve the purpose of economy and environmental protection. This policy is mainly aimed at old motor vehicles over five years old. The cost is divided into three grades by local and automobile companies, and the service life is divided into three grades. For each vehicle with a service life of 5 to 6 years, a certain amount of compensation will be given, and for vehicles with a service life of 6 to 8 years, the highest amount of compensation will be given.

The specific process of replacement is as follows:

1. The owner will transport the eliminated old cars out of the city or send them to a formally qualified disintegration factory for scrapping and disintegration;

2. The owner can query the replacement subsidy information through the trading network or the platform information system, and choose the reward model publicized by the trading platform;

3. The owner fills in the application information form through the platform information system (or at the handling outlets), and the transaction processing platform reviews the owner information. Government departments supervise and audit the transaction processing platform to publicize the audit results to the owners;

4. The owner who has passed the examination can print on the platform information system or go to the business outlet to receive the enterprise reward certificate corresponding to the vehicle to be purchased;

5, the car host enterprise award certificate to the car sales unit to buy a new car;

6. The automobile sales unit uploads the information of the owner buying a new car to the transaction processing platform;

7. The owner submits the materials related to the elimination of old cars and the replacement of new cars to the business outlets, applies for government subsidies, and transfers the government subsidy funds to the owner's bank account within a few working days after the approval. Million car purchase subsidy