The Ultimate Guide to New Car Costs in Vietnam

The saying “Buy a car, sell a house” still holds true in Vietnam. Purchasing a new vehicle is a significant financial decision. So, what costs should you expect when buying a new car? Let Xe Tải Hà Nội guide you through every detail!

New car purchase in Hanoi

Hidden Costs When Buying a New Car

Beyond the sticker price, be prepared for various additional expenses. Xe Tải Hà Nội outlines these “hidden” costs:

1. Registration Fee

This mandatory fee is payable when registering a new vehicle. The current registration fee in Hanoi is 10% of the car’s value.

For example, if you purchase a Hyundai HD120S truck for 500 million VND at Hyundai Truong Chinh dealership, the registration fee will be 50 million VND.

2. Vehicle Registration and License Plate Fees

This includes:

• Vehicle registration fee: ranging from 150,000 to 400,000 VND depending on the vehicle type.
• License plate fee: from 150,000 VND to 2,000,000 VND depending on the region.

3. Compulsory Civil Liability Insurance

Civil Liability Insurance (TNDS) is mandatory for all motor vehicle owners. Annual premiums for 4-9 seater cars range from 480,700 VND to 1,126,000 VND.

4. Voluntary Insurance

Besides compulsory TNDS insurance, consider purchasing voluntary insurance like comprehensive car insurance or personal accident insurance for more comprehensive protection.

5. Vehicle Registration Service Fees

If you prefer not to handle the registration process yourself, opt for a comprehensive registration service, costing between 1,000,000 VND and 3,000,000 VND.

6. Other Miscellaneous Costs

Factor in additional costs like:

• Road maintenance fee: 1,560,000 VND/year
• Vehicle inspection fee: 240,000 VND/inspection
• Parking fees: varies by location
• Maintenance and repair costs: depends on the make and dealership

Estimated On-the-Road Car Prices (Reference)

Note: This table is for reference only. Actual costs may vary depending on the specific model, purchase time, and dealership promotions.

Truck sales consultant

Tips for a Smooth Car Purchase

• Thorough Research: Research different car models, compare prices, and explore dealership promotions before making a decision.
• Strategic Timing: Consider purchasing at the end of the year or during holidays for potential discounts and promotions.
• Negotiation: Don’t hesitate to negotiate with the salesperson for the best possible price.
• Contract Review: Carefully review the sales contract to ensure all terms and conditions are clear and transparent.

FAQs About Buying a New Car

1. What are the procedures for buying a car with a loan?

Loan applications typically require:

• Identification documents: ID card/Citizen card, household registration book, etc.
• Proof of income: Employment contract, salary statements, etc.
• Collateral documents (if applicable)

2. Should I buy a truck outright or with a loan?

This depends on your financial situation and vehicle usage needs.

3. What are the feng shui considerations when buying a truck?

Feng shui plays a role in Vietnamese culture. Some considerations include:

• Choosing a color that matches your age and destiny: Each destiny has auspicious colors for good luck and prosperity.
• Selecting an auspicious date and time for vehicle delivery: Receiving the car on a favorable date and time enhances positive energy.

Find Your Dream Vehicle at Xe Tải Hà Nội

Xe Tải Hà Nội offers a wide range of high-quality trucks at competitive prices. We provide:

• Expert advice from experienced staff.
• Loan support with favorable interest rates.
• Dedicated after-sales service.

Xe Tải Hà Nội also offers car rental services with attractive deals.

Contact us at:

• Showroom 1: No. 1 Nguyen Van Cu, Long Bien, Hanoi
• Showroom 2: No. 10 Quang Trung, Hoan Kiem, Hanoi

or visit our website https://xetaihanoi.edu.vn/ for more details.

Popular Truck Brands at Xe Tải Hà Nội:

• Hyundai Trucks
• Isuzu Trucks
• Hino Trucks
• Thaco Trucks
• Dongfeng Trucks

Conclusion

We hope this article provides valuable insights into the costs associated with buying a new car in Vietnam. Wishing you a successful purchase and safe travels!

Share your questions or car buying experiences in the comments below!