Should You Buy a Car with a 20 Million VND Income?

Mr. Nguyen Van Tuan, a Hino truck driver operating on the Hanoi – Bac Ninh route, shared: “Previously, my income was only about 20 million VND per month. My family was hesitant about whether to buy a car. After many nights of pondering, consulting friends, and careful research, my wife and I decided to buy a small truck to serve both our family’s travel needs and to transport goods for extra income.”

Should You Buy a Car with a 20 Million VND Income?

A monthly income of 20 million VND is quite common in big cities like Hanoi. With this income level, owning a car is entirely within reach. However, whether buying a car is a reasonable decision depends on many factors such as usage needs, financial capacity, spending goals, etc.

Advantages of Buying a Car with a 20 Million VND Income

• Convenient Travel: Cars offer convenient travel, especially in unpredictable weather conditions like scorching heat or heavy rain.
• Improved Quality of Life: Owning a car gives you more control over your travel, making it easier to take your family on long trips or visit relatives in your hometown.
• Increased Job Opportunities: Many jobs now require candidates to have a personal car for convenient travel and meeting with partners.

Disadvantages to Consider

• Financial Burden: Buying a car is a significant investment, followed by expenses such as fuel, maintenance, and repairs.
• Debt Pressure: If you buy a car on installment, you will face monthly repayment pressure.
• Parking Difficulties: The lack of parking spaces is a common problem in big cities.

Factors to Consider When Buying a Car

To make the right decision, you need to carefully consider the following factors:

1. Usage Needs

Clearly define your car usage needs to choose the right type of vehicle. If you frequently travel within the city, you should choose compact, fuel-efficient models. Conversely, if you often travel long distances, a high-ground clearance car with a powerful engine would be a more suitable choice.

2. Financial Capacity

Carefully calculate your financial capacity, including savings, borrowing capacity, and monthly income to ensure that buying a car does not affect your life.

3. Operating Costs

In addition to the purchase price, you need to calculate additional operating costs such as:

• Fuel Costs: Depending on the type of car, fuel prices, and frequency of use.
• Maintenance and Repair Costs: Regular car maintenance helps increase its lifespan and ensures safety while driving.
• Parking Fees: Monthly parking fees are also a factor to consider, especially if you live in the city center.

4. Feng Shui When Buying a Car

Many Vietnamese people believe in feng shui when buying a car. Choosing a car color and license plate that matches your age and destiny is believed to bring luck and fortune to the owner.

Tips for Buying a Car with a 20 Million VND Income

• Choose a Car that Suits Your Needs: Don’t buy a car that is too expensive for your financial capabilities.
• Consider Buying a Car on Installment: Choose a suitable installment plan, avoid borrowing too much, causing financial pressure.
• Buy a Used Car: Used cars have lower selling prices, helping you save significantly. However, carefully check the car’s quality before buying.

Advice from Hanoi Truck Experts

Mr. Le Van Thanh – a truck consultant at Hanoi Truck, said: “With a monthly income of 20 million VND, you can completely own a small truck to serve both travel needs and combine it with transportation business. Trucks are useful vehicles, bringing a stable income source for many families.”

Trucks – An Effective Business Solution for People with a 20 Million VND Income

Trucks are popular means of transporting goods, with increasing demand. Owning a truck allows you to freely engage in transportation business, carry goods for hire, and increase your income.

Suitable Truck Models

• Light Trucks: Suitable for moving within the city, carrying goods with a payload of under 2 tons.
• Medium Trucks: Suitable for long-distance transportation of goods, with a payload of 2-5 tons.

Where to Buy Reputable Trucks?

Hanoi Truck is an address that provides genuine truck models with high quality and competitive prices.

• Address: [Specific address of Hanoi Truck, e.g., 123, Giải Phóng Street, Hai Bà Trưng District, Hanoi]
• Website: xetaihanoi.edu.vn

Modern light truck

Frequently Asked Questions

1. What Car Should I Buy with a 20 Million VND Income?

With a 20 million VND income, you can consider A and B segment cars such as:

• Hyundai Grand i10
• Kia Morning
• Toyota Vios
• Honda City

2. Should I Buy a New or Used Car?

Buying a new car ensures quality, but the cost is high. Buying a used car saves money but requires careful inspection of the car’s quality before purchasing.

3. What Procedures are Required to Buy a Truck on Installment?

Procedures for buying a truck on installment include:

• Proof of income
• Household registration book, ID card/CCCD
• Documents proving collateral assets (if any)

Conclusion

Buying a car with a 20 million VND income is an important decision that requires careful consideration. Hopefully, this article has provided useful information to help you make the right choice. If you are looking for a quality truck with competitive prices, please contact Hanoi Truck for a free consultation.

Driver inspecting a truck

See more:

• What Car to Buy with 300 Million VND?
• Used Cars for Sale in Hanoi
• Should You Buy a Car for Ride-Hailing Services?