Car Purchase Fees in Vietnam: A Comprehensive Guide

My friend Anh Tuan, who lives in Long Bien District, Hanoi, recently bought a Thaco Towner 750kg truck to expand his construction materials business. His excitement was short-lived when he called me, overwhelmed by the paperwork, procedures, and fees associated with his new purchase. He had focused solely on the vehicle’s price and forgotten about the numerous additional costs.

Anh Tuan’s situation is not uncommon. Understanding the fees involved in buying a car, especially a truck, is crucial for proper financial planning and avoiding unexpected surprises.

Fees for New Car Purchases

Buying a car is a significant decision that requires thorough research and financial preparation. Here’s a detailed guide to the fees associated with buying a new car in Vietnam:

1. Registration Fee

This mandatory fee is paid when registering a new vehicle. The registration fee for passenger cars is 10% of the vehicle’s value, while in Hanoi, it’s 12%. For trucks, the registration fee is 2% of the vehicle’s value.

Example: If you purchase a Hyundai H150 truck for 500 million VND at Hyundai Truong Chinh dealership, the registration fee will be 10 million VND (2% x 500,000,000 VND).

2. License Plate Fee

This fee includes the cost of issuing the license plate, vehicle registration, and road usage fees. The amount varies depending on the vehicle type and registration location.

Example: In Hanoi, the license plate fee for trucks under 2 tons is 2 million VND.

3. Compulsory Civil Liability Insurance

This insurance is mandatory for all motor vehicle owners. The premium depends on the vehicle type and seating capacity.

Example: The annual premium for compulsory civil liability insurance for trucks under 2 tons is approximately 700,000 VND.

4. Physical Damage Insurance

This optional insurance protects your vehicle against risks such as accidents, collisions, and fire.

Note: The premium for physical damage insurance depends on the vehicle’s value and the chosen insurance package.

5. Other Fees

Besides the main fees mentioned above, you may incur additional costs such as:

• Vehicle registration service fees (if using dealership services)
• Vehicle inspection fees (if buying a used car)
• Annual road maintenance fees

Fee Schedule for New Car Purchases (Reference)

Note: This table is for reference only. Actual fees may vary depending on the time of purchase and local regulations.

Paying car registration fee

Frequently Asked Questions about Car Purchase Fees

1. What fees are required when buying a truck with a loan?

In addition to the fees for outright purchases, buying a truck with a loan requires:

• Loan application appraisal fee
• Loan insurance fee
• Early termination fee (if applicable)

2. Is physical damage insurance necessary?

While not mandatory, physical damage insurance is a worthwhile investment to mitigate financial risks in case of accidents or damage.

3. How to calculate the total on-the-road cost?

To calculate the total on-the-road cost, add the vehicle price, registration fee, license plate fee, insurance premiums, and other applicable fees.

Quality Trucks at Competitive Prices at Xe Tai Ha Noi

Looking to buy a truck? Visit Xe Tai Ha Noi – the leading provider of quality and reputable trucks in Hanoi.

Why choose Xe Tai Ha Noi?

• Wide range of trucks from renowned brands like Hyundai, Isuzu, and Hino.
• Competitive prices and attractive promotions
• Low-interest financing options with quick processing
• Professional and dedicated consulting team

Contact Xe Tai Ha Noi for consultation and the best quotes!

Locations:

• Showroom 1: Cau Giay District, Hanoi
• Showroom 2: Long Bien District, Hanoi
• Showroom 3: Hoai Duc District, Hanoi

Choosing a Truck with Feng Shui for Smooth Sailing on Every Road

Vietnamese people value Feng Shui, especially when choosing vehicles – their companions on every journey. Choosing a truck that aligns with Feng Shui principles not only holds spiritual significance but also expresses the desire for luck and prosperity in business.

According to Feng Shui expert Nguyen Van A, author of “Feng Shui for Vehicles,” choosing the right color and license plate number based on age and destiny can bring good fortune and wealth to the owner.

Choosing a truck with Feng Shui

Conclusion

We hope this article has provided valuable information about the fees associated with purchasing a vehicle in Vietnam. Be an informed consumer and do your research before making a purchase decision!

Have questions about car purchase fees? Leave a comment below, and Xe Tai Ha Noi will answer them!

Visit xetaihanoi.edu.vn for the latest updates on the truck market!