The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes. So it can't be used to buy a car. Provident fund generally refers to housing provident fund. Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees. To withdraw the provident fund, an application shall be submitted to the provident fund management office, and corresponding materials shall be provided to prove the purpose of withdrawing the provident fund. Buying a car is not within the scope of application for withdrawal. In case of illegal withdrawal, the provident fund management office has the right to recover the withdrawn provident fund. Not only that, it may also report to the credit information system and leave a record of dishonesty.

You can withdraw the provident fund under the following circumstances:

1. For self-built, renovated or overhauled self-occupied houses with property rights, residents should provide planning and construction documents or dangerous house judgment certificates agreed by the administrative department, authoritative department or real estate management department of the undertaking bank, and choose one. The construction contract signed by the property owner and the construction unit shall be based on such contracts, project budget and final accounts and the original of the Property Ownership Certificate.

2. Those who purchase pre-sold commercial housing (including affordable housing) meet these conditions, including the pre-sale contract of commercial housing and the receipt of down payment. The purchase of second-hand housing, the supply of "real estate sales contract" and "deed tax payment certificate", as the basic proof. The purchase of demolition and reconstruction houses, the purchase of such houses, should provide the "demolition and reconstruction agreement" printed by the municipal real estate management department and the receipt of the house payment.

3, retired personnel, if the household registration belongs to this situation, should supply the retirement certificate issued by the personnel and labor departments as relevant proof. If the retirement certificate cannot be provided, the relevant certificate or pension certificate issued by the personnel and labor department shall be provided under special circumstances.

To sum up, the 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.

Legal basis:

Article 5 of the Regulations on the Management of Housing Provident Fund

The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes.

Article 24

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.