Housing provident fund can not be used to buy a car, but can only be used to build a house, buy a house and make major changes to the house. However, after the balance of housing provident fund is withdrawn, it belongs to personal property and can be used to buy a car. Housing accumulation fund is a long-term housing savings paid by employers and their employees.

Legal objectivity:

Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund Article 2 These Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC). The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.