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What does it mean to trade in old cars? Can I still get state subsidies if I change?
Car trade-in refers to scrapping old cars and "yellow-label cars" in advance, and buying new cars in accordance with the requirements of the "Car Trade-in Measures". "Yellow-label vehicles" refer to gasoline vehicles and diesel vehicles that cannot meet the standards of the first and third countries. Old cars, "yellow-label cars" and new cars do not include three-wheeled cars and low-speed trucks.
Extended data:
Measures for the implementation of automobile trade-in
Article 21 The provincial commerce department shall make overall planning, guide enterprises to rationally lay out and improve the recycling network of scrapped cars, support qualified enterprises to extend the recycling outlets to the county, encourage enterprises to provide on-site services to facilitate car owners to hand over their cars and go through relevant procedures, and promptly announce to the public the list of scrapped car recycling and dismantling enterprises and their recycling outlets that undertake the recycling of old-for-new vehicles within their respective administrative areas.
Local competent commercial departments should guide scrap car recycling and dismantling enterprises to increase investment, and carry out standardization transformation in accordance with the Technical Specification for Scrap Car Recycling and Dismantling Enterprises (GB22 128-2008) to improve the level of dismantling.
Twenty-second local commercial authorities should actively communicate and coordinate with the financial sector. The local financial department shall arrange working funds for setting up a joint service window for automobile trade-in, policy propaganda, business training, printing relevant certificates and purchasing necessary equipment.
Twenty-third encourage all localities to formulate relevant supporting policies and measures according to the actual situation, and guide old cars and "yellow-label cars" to be scrapped in advance. Relevant policies issued by various localities should be implemented together with the automobile trade-in policy.
Baidu encyclopedia-car trade-in
China Net-Implementation Measures for Automobile Trade-in (full text)
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