Calculating Truck On-Road Prices in Hanoi: A Comprehensive Guide

The story goes that a friend of mine, a bargain hunter, gleefully purchased an imported Dongfeng truck at a “steal” price in Gia Lam. However, upon arrival in Hanoi, he was shocked by the mountain of additional costs: registration fees, license plate fees, insurance… When added up, the total cost skyrocketed, far exceeding his initial budget.

His bittersweet experience serves as a valuable lesson for anyone planning to buy a vehicle, especially a truck: “Don’t just look at the vehicle price, calculate the on-road price!”

What is On-Road Price? Why Calculate It?

The on-road price of a vehicle is the total cost you pay to legally drive it on the road. It includes the dealer’s price and all mandatory taxes and fees. Calculating the on-road price helps you:

• Understand the total cost: Avoid overspending and ensure you can afford all taxes and fees.
• Choose the right financing: Decide whether to take a loan, finance, or pay cash.
• Compare prices across models and dealerships: Make informed decisions and save money.

On-Road Price Calculation Formula

On-Road Price = Listed Price + Taxes and Fees

Breakdown of Taxes and Fees

1. Registration Fee:

• In Hanoi: 12% of the listed price
• Other provinces: 2% – 5% of the listed price

2. License Plate Fee:

• Trucks under 1.5 tons: 500,000 VND
• Trucks from 1.5 – 3.5 tons: 1,000,000 VND
• Trucks over 3.5 tons: 1,500,000 VND

3. Compulsory Civil Liability Insurance: Approximately 1,000,000 – 2,000,000 VND/year

4. Road Maintenance Fee:

• Trucks under 1.5 tons: 1,560,000 VND/year
• Trucks from 1.5 – 2.5 tons: 2,160,000 VND/year
• Trucks over 2.5 tons: 2,580,000 VND/year

5. Inspection Fee: Approximately 340,000 VND/inspection

6. Vehicle Registration Service Fee: Varies by dealer, ranging from 500,000 – 1,500,000 VND

7. Comprehensive Car Insurance (Optional): Depends on the insurance provider and chosen coverage.

Note:

• Taxes and fees are subject to change based on government regulations and local policies.
• Contact truck dealerships or relevant authorities for the most accurate information.

A blue Dongfeng truck driving on a busy city road.

Example Calculation

Mr. Minh in Hoan Kiem District, Hanoi, wants to buy a Thaco Towner cargo truck with a listed price of 250,000,000 VND.

The on-road price for Mr. Minh’s Thaco Towner truck is calculated as follows:

• Registration Fee: 250,000,000 x 12% = 30,000,000 VND
• License Plate Fee: 500,000 VND
• Compulsory Civil Liability Insurance: 1,000,000 VND
• Road Maintenance Fee: 1,560,000 VND
• Inspection Fee: 340,000 VND
• Vehicle Registration Service Fee: 1,000,000 VND

Total On-Road Price: 250,000,000 + 30,000,000 + 500,000 + 1,000,000 + 1,560,000 + 340,000 + 1,000,000 = 284,400,000 VND

A Thaco Towner truck with a red delivery box driving on a highway.

Frequently Asked Questions about Calculating On-Road Price

1. What to consider about on-road price when buying a truck with financing?

Carefully review loan interest rates, loan terms, and monthly payments.

2. Should I buy comprehensive insurance for a truck?

Comprehensive insurance minimizes financial risks in case of accidents. Purchase from reputable insurance providers.

3. How to quickly calculate the on-road price of a truck?

Use online on-road price calculators or contact truck dealerships directly.