Here it is again! "Trade-in" sweeps up fuel vehicles, is it a die-hard fan of oil vehicles, or embraces new energy?

Do you have anyone around you who buys a car through the "trade-in" method?

Not long ago, the State Council issued a notice on the "Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in", which clearly proposed to "carry out car trade-in".

From 2015 to the present, China's auto market has experienced four rounds of large-scale auto consumption stimulus policies driven by policies.

However, this time there is a difference from the past, and now consumers go to trade in the old for the new, and may have to consider whether to replace fuel vehicles with new energy vehicles.

1. Trade in the old for the new, everyone is moving?

This time, the "plan" is quite strong, not only to provide financial support, but also to give a specific trade-in goal: in 2027, the recycling of scrapped cars will about double compared with 2023.

At the same time, the policy level also recommends that the down payment ratio of car loans be appropriately reduced.

At present, more than 20 brands such as Chery, Geely, Haval, BYD, and Volkswagen have launched a trade-in subsidy policy, taking Dongfeng Motor as an example, its trade-in policy covers more than 50 of its models, and the replacement subsidy is expected to exceed 10 billion yuan;

The 2024 "Taihu Shopping Festival" and China Automobile Consumption Festival in Jiangsu Province was launched in Wuxi on the 18th, giving car purchase subsidies to users who trade in the old for the new.

If nothing else, other manufacturers and regions will follow.

If the residual value of the old car in your hand is high, coupled with the subsidy policies of various manufacturers and regions, you can realize the trade-in without paying much cost. This wave is more lively than the price war.

2. Should I change to a new energy vehicle?

In previous years, many people may not be very entangled in the stimulus policy, because they are still fuel vehicles for fuel vehicles, but now, new energy vehicles have become an existence that most consumers cannot ignore.

Therefore, if you decide to trade in the old for the new, should you replace the fuel vehicle with a new energy model?

This score depends on the individual's hobbies and needs.

If you still don't like new energy models very much, hate their range anxiety, or don't like their driving experience, or worry about their safety performance, or you often have inter-provincial and cross-city travel needs, then it is better to replace them with fuel vehicles, and you can't make trouble for yourself.

However, if you do not have special needs or hobbies for fuel vehicles, then you can focus on replacing new energy vehicles.

First of all, new energy vehicles are now the focus of policy tilt, and the amount of subsidies from car companies and local governments may exceed that of fuel vehicles.

According to the trade-in subsidy policy issued by Shanghai on March 3, in 2024, scrapping or transferring fuel vehicles below the National V standard, and purchasing National VIB standard fuel vehicles, can apply for a one-time car purchase subsidy of 2,800 yuan, but if the trade-in is to buy a pure electric new car, this subsidy soars to 10,000 yuan, and the gap is very obvious.

Secondly, now the residual value of fuel vehicles is declining, and the price of new energy models is also decreasing, but new energy models are the mainstream of the future, there is no doubt about this, if you replace it with fuel vehicles now, and then sell the car after a few years, the value retention rate will decline sharply, and it may even be difficult to sell the car if you want to, so personal consumption still has to follow the policy and trend.

Conclusion:

Many people believe that the price war set off by BYD and other new energy manufacturers at the beginning of 2024 is accelerating the decline of fuel vehicles. If you don't have a special obsession with fuel vehicles, then why don't you take this opportunity to replace them with new energy models with stronger performance and lower cost? I don't know how you will choose? See you in the comment area!