Because China's housing provident fund can only be used for employees who buy provident fund to buy houses or repay bank mortgages, and cannot be used to buy cars. The housing provident fund paid by employees and units belongs to individual employees, and employees can withdraw the housing provident fund when purchasing, building, renovating, overhauling their own houses and repaying the principal and interest of home purchase loans.

As the name implies, housing accumulation fund is a housing deposit for housing, a long-term housing deposit 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, social organizations and their employees, and has nothing to do with buying a car.

Housing provident fund extraction conditions:

1. In any of the following circumstances, and can provide legal and valid certificates according to the regulations, you can consult your unit and apply for withdrawing the storage balance in your housing provident fund account:

2, the purchase, construction, renovation and overhaul of owner-occupied housing with ownership;

3. Retired;

4. Completely losing the ability to work or severely disabled, which is one of the common situations, and dissolving or terminating the labor relationship with the unit;

5. Settle abroad or settle in Hong Kong, Macao and Taiwan;

6, to repay the principal and interest of the purchase of owner-occupied housing loans;

7. The monthly rent of the rented house exceeds15% of the monthly salary of the family;

8, migrant workers and units to terminate (terminate) labor relations;

9. The employee dies or is declared dead;

10, who is enjoying the minimum living guarantee or special hardship relief for urban residents;

1 1, who has not been re-employed for more than one year after terminating the labor relationship with the unit;

12. Employees or family members have accidents due to major diseases, or serious injuries, and family life is difficult;

13. Family life is seriously difficult due to natural disasters or other emergencies.