the fund cannot buy a car.

according to article 5 of the regulations on the management of housing provident fund, the housing provident fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied houses by employees, and no unit or individual may use it for other purposes. Therefore, the provident fund cannot be used to buy a car.

provident fund is a housing accumulation fund stipulated by the state and paid by employees in proportion on the basis of their wages. It has the nature of compulsory, welfare, security and mutual assistance. The paid provident fund belongs to individual employees, and no one else has the right to use it.