Winning a Car: Double Joy or Sweet Trap?

“Oh my god, I won a car!”. The joyful cry of Mr. Ba, the owner of a small grocery store, upon scratching off a winning lottery ticket with a Kia K200 as the grand prize, caused a stir in the Tay Son neighborhood of Dong Da district. Everyone was happy for Mr. Ba, known for his honesty and sincerity since opening his shop.

However, the joy of winning a car sometimes comes with worries and anxieties. Is winning a prize always a guaranteed path to riches? Let’s join Hanoi Truck in uncovering the truth behind these attractive prizes.

Winning a Car: Things You Need to Know

The Joy “On Paper” and Reality

Winning a car offers significant material value, giving the winner the opportunity to own a convenient personal vehicle. However, besides the joy, winners need to be aware of the following issues:

• Personal Income Tax: According to current regulations, car winners must pay personal income tax (PIT) on the prize value. The PIT rate depends on the car’s value and the winner’s other income.
• Incurred Costs: In addition to PIT, winners also have to pay fees such as registration fees, license plate fees, insurance fees,…
• Financial Capacity: Owning a car means having to pay for maintenance costs such as fuel, maintenance, repairs,… Therefore, winners need to consider their financial capacity before deciding to accept the car.

A modern family car parked in a driveway.

Beware of Potential Pitfalls

Besides reputable programs, there are still scams that exploit people’s trust. To avoid becoming a victim, you should note:

• Verify Information: Always carefully verify information about the promotion, the organizing unit, and avoid “ghost” programs with unclear origins.
• Do Not Transfer Money: Absolutely do not transfer money or provide personal information to anyone without clear verification.
• Seek Advice: If in doubt, consult with relatives, friends, or authorities before making a decision.

A lawyer reviewing legal documents at their desk.

Winning a Car: Advice from an Expert

Mr. Nguyen Van A, an economic expert, shared: “Winning a car is a great joy, but people need to stay alert and avoid being blinded by the prize value. Carefully research legal regulations, consider your financial capacity, and choose the most suitable solution.”