In modern society, cars have become a basic need for many families. However, when it comes to owning a car in Hong Kong, the cost is quite prohibitive. Just to give you an example, the cost of parking and vehicle maintenance alone may sometimes far exceed the value of the vehicle itself. Such trouble makes many car owners prefer to sell their cars. But the problem is that the car selling process is always full of twists and turns, which makes people very anxious. Some people prefer to resolve the matter as quickly as possible to free up the parking space. Therefore, they often choose to hand it over to recycling companies, which is the so-called “divided vehicle”. It’s easy to say it, but it’s also a skill to put it into practice, because the information in the industry is obscure, and if you are not careful, you may encounter unscrupulous merchants. Not only will you not be able to sell at a good price, but there are also potential risks waiting. Of course, as an experienced driver in the industry, I will lead you to discuss how to say goodbye to your beloved car happily and safely.
What exactly is a “district car”? And why do you do this?
In fact, the term “divided vehicles” refers to a method of dismantling scrapped vehicles using large machines. If some parts still have some use value, they will be dismantled, repaired, and then exported and sold elsewhere to demonstrate environmental protection. The other unused parts will be crushed into scrap metal. When your classic car reaches its age and you need to invest a lot of money in maintenance and repair every day, instead of struggling in pain, you might as well consider “subdividing”, because compared to buying a new one directly, this job is still much more cost-effective. .
So many people go to ‘dividend’ old cars
Electric vehicles have been extremely popular in recent years. Coupled with the Hong Kong government’s one-for-one subdivision vehicle replacement program, more people are thinking about taking the opportunity to go green. Therefore, people began to pay attention to how to properly dispose of the old gadgets on their hands. On the one hand, car manufacturers are not idle every year. Various new products bombard the market to meet the growing demand for high quality, exacerbating the desire of us consumers to upgrade! Instead of circulating in the traditional second-hand market, directly replacing obsolete cars with a dedicated recycling team has become one of the quickest and greenest choices at the moment.
Tips you have to know
Hong Kong’s subway industry is relatively unpopular. Many people do not know much about its operating procedures and are easily deceived by unscrupulous merchants. Usually, the process of transferring vehicles includes: the car owner or the person in charge needs to provide the vehicle information (such as car map, vehicle condition, etc.) to the vehicle sharing company. The company will then provide a quotation based on the car model. If the quotation is accepted, the delivery location will be arranged. Settlement is generally completed by a tow truck, and payment is made in cash or cashier’s check. Before handing over the vehicle, the owner must ensure that the vehicle has been cleaned and all personal belongings recovered. The company will provide relevant documents, such as “cancellation of vehicle registration” document, demolition certificate (i.e. “Public Vehicle Paper”), transaction receipt and amount, etc., for the vehicle owner’s reference. Vehicle owners need to bring their vehicle registration documents and relevant information to the Transport Department within 15 days to handle the cancellation procedures and receive a refund of the remaining license fee.
Common pitfalls of subway vehicles and how to choose a reliable subdivision vehicle company
There are many companies in the industry that make profits by earning the price difference between vehicles, and are not responsible for the procedures. They even directly take possession of the car owner’s license plate and then take no further action. If the car owner hands over the vehicle and license plate to an unscrupulous middleman but fails to sign the “Notice of Cancellation of Vehicle Registration” (TD184), this means that the middleman cannot actually cancel the registration for the car owner, and legal disputes may arise. Therefore, you need to pay attention to the following points when choosing a company to transfer a vehicle: 1) Confirm that the company has a physical address; 2) Can clearly explain the process of transferring a vehicle; 3) Whether there are towing arrangements for the delivery; 4) Whether the TD184 document is signed when transferring the vehicle. Don’t ignore procedures just for the sake of convenience to avoid irreparable problems later.
Subdivision vehicle prices and other considerations
There is no fixed standard for the price of a subdivision car, and it usually depends on the model, year, mileage, license fee expiration date, etc. Generally, the on-site quotation shall prevail. Some PLC companies provide free recycling of inoperable vehicles and waive towing fees. As long as you find a reputable company, the entire process can be completed with just one phone call and just ten minutes.
When choosing a utility vehicle company, in addition to paying attention to the traps and details mentioned above, the following tips can also help car owners avoid potential risks and ensure that the vehicle recycling process is completed smoothly.
Tips for choosing a subway company
1. Make sure the company has a physical parking lot
Choosing a PTO company with a physical location is more reliable, because some fake PTE companies actually only act as intermediaries, reselling vehicles to real PTE companies to make a profit on the price difference. If the company cannot provide a specific address, it needs to be extra careful to avoid being resold and unable to obtain a reasonable price.
2. Confirm whether the company can clearly explain the process
An experienced plow company should know the plow process inside out and be able to explain each step in detail to car owners. If a company is hesitant or unclear about the subdivision process, car owners should carefully consider whether to cooperate with the company.
3. Check whether trailer delivery is arranged
Usually, the company will arrange a tow truck to hand over the vehicle to ensure the standardization and safety of the process. If the company does not arrange a tow truck or requires the car owner to drive to the delivery location by himself, he should reassess the situation based on the situation to avoid unnecessary trouble in the future.
4. Whether to sign the Transport Department TD184 document
The TD184 document is a formal notice of cancellation of vehicle registration. According to Hong Kong laws, the car owner must sign this document during the recycling process to ensure that the vehicle has been officially canceled. If the company does not require signing of the TD184 document, you need to be wary of its reliability and do not lose the big for the small.
Factors affecting subdivision vehicle prices and tips on the process
The price of a subdivided vehicle fluctuates depending on many factors, including model, year, license fee expiration date, mileage, vehicle condition, etc. Generally, the subdivided vehicle company will provide an estimate after receiving the vehicle details. It is recommended that car owners make more comparisons when choosing a utility vehicle company and consult quotes from different companies to obtain a more reasonable price. In addition, some PHD companies also provide free towing services to recycle vehicles that cannot drive normally for the convenience of customers.
Frequently Asked Questions about Subdivision Vehicles (Mark Q &A Mark UP)
1. What is the approximate price range of subdivision vehicles?
Since the model, year, and condition of each vehicle are different, it is impossible to provide a fixed price range for subdivided vehicles. It is generally recommended to inquire directly with the subway company to obtain a more accurate quotation based on actual conditions.
2. What is the license plate retention period and procedures?
If the vehicle owner wishes to retain the license plate, the registration number will be retained for 12 months. Applicants must submit and complete the “Application Form for Transferring or Retaining Vehicle Registration Mark” (TD129) and “Notice of Cancellation of Vehicle Registration” (TD184) before completing the vehicle registration procedures. After the procedures are completed, the car owner can transfer the registration number to the new car and keep his own license plate.
3. Can the remaining card fees be refunded?
If the vehicle’s license fee remains for more than 60 days, the vehicle owner can apply to the Transport Department for a refund of the remaining license fee. Refund checks will be mailed to the vehicle owner’s registered address and will be completed within approximately four to six weeks. The vehicle owner should confirm that the address is correct and immediately apply for a refund to the Transport Department after the vehicle is cancelled.
**Please do not paste the FAQ section above directly into the SCRIPT below***
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Frequently asked questions about subway trains
What is the approximate price range of subway cars?
Since the model, year, and condition of each vehicle are different, it is impossible to provide a fixed price range for subdivided vehicles. It is generally recommended to inquire directly with the subway company to obtain a more accurate quotation based on actual conditions.
License plate retention period and procedures?
If the vehicle owner wishes to retain the license plate, the registration number will be retained for 12 months. Applicants must submit and complete the “Application Form for Transferring or Retaining Vehicle Registration Mark” (TD129) and “Notice of Cancellation of Vehicle Registration” (TD184) before completing the vehicle registration procedures. After the procedures are completed, the car owner can transfer the registration number to the new car and keep his own license plate.
Can the remaining card fees be refunded?
If the vehicle’s license fee remains for more than 60 days, the vehicle owner can apply to the Transport Department for a refund of the remaining license fee. Refund checks will be mailed to the vehicle owner’s registered address and will be completed within approximately four to six weeks. The vehicle owner should confirm that the address is correct and immediately apply for a refund to the Transport Department after the vehicle is cancelled.
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Summarize
For many Hong Kong car owners, subdivision is not only a burden-reducing option, but also an environmentally friendly solution. As long as you find a reputable company with transparent procedures, you can complete the entire recycling process safely and quickly. From providing vehicle information, cleaning the vehicle, delivering documents to completing the cancellation procedures, it only takes a short time for the old car to successfully end its “journey”.
