Used Car Taxes and Fees in Vietnam

Buying a used car is a cost-effective alternative to purchasing a new one. However, beyond the vehicle’s price, understanding the associated taxes and fees is crucial to avoid unexpected expenses. This article provides detailed information about the necessary charges when buying a used car in Vietnam.

Used Car Registration Tax

The registration tax is mandatory when purchasing a used car. The rate depends on the vehicle’s engine displacement and the local registration authority. Currently, the registration tax in Hanoi and other major cities is 2% of the car’s value. The vehicle’s value is determined based on a price list issued by the tax authorities.

Used car registration tax

Used Car Inspection Fee

Before a car can be legally driven, it must undergo an inspection to ensure it meets safety and environmental standards. The inspection fee varies depending on the vehicle type and the inspection duration.

Used Car License Plate Fee

When buying a used car, you need to transfer ownership and obtain a new license plate. The license plate fee varies depending on the location.

Used car license plate fee

Compulsory Civil Liability Insurance

This insurance is mandatory for all road vehicles, including used cars. It protects you from financial liabilities in case of a traffic accident.

Other Fees

Besides the main taxes and fees mentioned above, there are other charges such as road tolls and bridge fees that you should be aware of when purchasing a used car.

Frequently Asked Questions (FAQ)

1. How is the used car registration tax calculated? The registration tax is calculated based on 2% of the car’s value, which is determined according to a price list issued by the tax authorities.
2. How much is the used car inspection fee? The inspection fee depends on the car type and the inspection duration.
3. Do I need to pay road tolls when buying a used car? Yes, road tolls are an annual mandatory fee.
4. Is civil liability insurance mandatory when buying a used car? Yes, it’s mandatory for all road vehicles.
5. How can I find out the exact taxes and fees for a used car? You can contact the tax authorities or vehicle inspection centers for specific advice.
6. Do I need to pay a registration fee when buying a used car? Yes, a registration fee is required, similar to buying a new car.
7. Can I handle the used car ownership transfer procedures myself? Yes, but you need to thoroughly understand the process and procedures to avoid wasted time and effort.

Conclusion

Understanding the taxes and fees associated with buying a used car is essential for budgeting and avoiding unexpected costs. We hope this article has provided valuable information about these charges.

You can find more articles on the XE TẢI HÀ NỘI website to learn more about truck models, light trucks, vans, 1-ton, 2-ton, 3.5-ton, and 8-ton trucks.

For assistance, please contact us by phone: 0968239999, Email: [email protected], or visit our address: TT36 – CN9 Road, Tu Liem Industrial Park, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We have a 24/7 customer service team.