Vietnam Car Registration Fee Guide: A-Z for First-Time Buyers

“Well begun is half done” – this saying is especially true for those who are dreaming of owning their first car. Besides choosing the brand, model, and engine, thoroughly understanding the car registration fee is crucial. So how do you accurately calculate the registration fee based on the car price list? Let XE TẢI HÀ NỘI answer all your questions through the article below!

Car Price List & Registration Fees: What You Need to Know

1. What is a Car Price List?

A car price list is a list of the listed selling prices of car models, published by the manufacturer or distributor. This price list usually includes the car price excluding taxes and fees such as:

• Registration fee
• License plate registration fee
• Road maintenance fee
• Compulsory civil liability insurance,…

2. What is a Registration Fee?

The registration fee is an indirect tax, calculated on the value of the asset (in this case, a car) when the owner registers the ownership for the first time. The registration fee for cars is regulated in Decree 20/2019/NĐ-CP.

To understand more about the registration fee, please see the illustration below:

3. How to Calculate Car Registration Fee

Formula for calculating the registration fee:

Registration Fee = Taxable Value x Registration Fee Rate

Where:

• Taxable Value is the selling price of the car on the invoice, but not lower than the price regulated by the tax authority.
• Registration Fee Rate depends on the type of vehicle and locality:
  • Cars with less than 9 seats: 10% in Hanoi, 12% in Ho Chi Minh City and other provinces.
  • Trucks: 2%
  • Other types of vehicles: 5% or 10% depending on the type.

Example: Mr. Minh buys a truck at a Hyundai dealer on Nguyen Van Linh Street, Long Bien District, Hanoi with a listed price of 500 million VND. The taxable value regulated by the tax authority is 480 million VND. Thus, the registration fee Mr. Minh has to pay is: 480,000,000 x 2% = 9,600,000 VND.

In addition to the calculation formula, you can refer to the illustration table of how to calculate the registration fee below:

4. Why Should You Understand the Car Price List & Registration Fee?

Understanding the car price list and how to calculate the registration fee helps you:

• Budget planning: From there, you can estimate the total cost to own a car, including the car price, registration fee, and other arising costs.
• Comparison and selection: You can compare car prices and registration fees between different car models and dealers to choose the best option.
• Avoid being “overcharged”: Understanding the regulations on registration fees helps you avoid cases of being “overcharged” or having the car price inflated by the dealer.

Car Price List and Registration Fee Calculation: Important Notes

1. Carefully check the car price list:

Make sure you are referring to the latest and accurate car price list from reputable sources such as the car manufacturer’s website, authorized dealers, or specialized car websites like xetaihanoi.edu.vn.

The image below will help you identify the information you need to pay attention to when checking the car price list:

2. Learn carefully about promotions and discounts:

Dealers often have promotional programs, car discounts, registration fee support,… Learn carefully to make the most of these offers.

3. Consult with experienced people:

If you are a first-time car buyer, consult with experienced people for helpful advice.

Frequently Asked Questions about Car Price List & Registration Fee

1. Where can I look up the car price list with the registration fee calculated?

You can look up this information on the website of the Tax Department, the website of the Ministry of Finance, or reputable specialized car websites.

2. Does the registration fee rate change over time?

Yes, the registration fee rate may change according to the provisions of law. Therefore, you need to update information regularly to grasp the latest rate.

3. Can I negotiate the car price with the dealer?

Absolutely. You can negotiate with the dealer about the car price, promotions, discounts,… to get the best price.

Buying Trucks at XE TẢI HÀ NỘI: The Perfect Choice

If you are looking for a reputable truck dealer in Hanoi, come to XE TẢI HÀ NỘI. We are proud to be a provider of high-quality trucks, competitive prices, and dedicated after-sales service.

Address: Long Bien District, Hanoi (contact for more details)

Hotline: (phone number)

Website: xetaihanoi.edu.vn

Similar Products

In addition to trucks, XE TẢI HÀ NỘI also provides a variety of other vehicles such as:

• Dump trucks
• Tractor trucks
• Specialized vehicles

Conclusion

Hopefully, this article has provided you with useful information about the car price list and registration fee calculation.

Don’t forget to visit the website xetaihanoi.edu.vn to update the latest information about the truck market and choose your favorite truck!

Please leave a comment below if you have any questions.