Calculate On-the-Road Car Costs: A Beginner’s Guide

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13/02/2025

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Car

Anh Tuan, a native of the former Ha Tay province, always dreamed of owning a truck to start his transportation business. After years of saving, he decided to purchase a new Hyundai HD120S truck. However, when he researched the procedures, paperwork, and related costs, he felt lost in a maze. “Calculating on-the-road car costs” suddenly became a challenging problem that kept him up at night.

Anh Tuan’s story is probably familiar to many people who are planning to buy a truck. So how do you accurately calculate on-the-road costs and avoid unexpected expenses? Let Hanoi Truck “decode” this problem in the most detailed and understandable way.

What are On-the-Road Car Costs?

“On-the-road price” simply refers to the total amount of money you need to spend to own a car that can legally be driven on the road. This includes the Manufacturer’s Suggested Retail Price (MSRP) from the dealer and all mandatory taxes and fees associated with buying a new vehicle.

Why Calculate On-the-Road Car Costs?

Calculating on-the-road costs beforehand helps you:

Prepare financially: Clearly determine the required funds, avoiding budget shortfalls.
Compare and choose: Make informed purchase decisions that align with your financial capabilities.
Avoid surprises: Prevent unexpected expenses during the vehicle registration process.

Detailed Guide to Calculating On-the-Road Car Costs

To calculate on-the-road car costs, you need to determine the following expenses:

1. Manufacturer’s Suggested Retail Price (MSRP)

This is the publicly listed price of the vehicle from the manufacturer or authorized dealer, excluding taxes and fees. You can refer to the Hyundai truck price at Hanoi Truck dealership on Nguyen Van Linh Street, Long Bien District.

2. Mandatory Taxes and Fees

Special Consumption Tax: Depending on engine displacement, this tax ranges from 35% to 150% of the vehicle’s value.
Registration Fee: 10% of the vehicle’s value (in Hanoi), 2% of the vehicle’s value (in Ho Chi Minh City and other provinces).
License Plate Fee: 2 million VND (in Hanoi, Ho Chi Minh City) and 1 million VND (in other provinces).
Road Maintenance Fee: 1,560,000 VND/year (for trucks).
Civil Liability Insurance: Mandatory as per regulations.
Vehicle Registration Service Fee: Approximately 1 million VND.

3. Other Costs (Optional)

Accessories Fee: Installation of additional accessories such as floor mats, dashcams, window tinting, etc.
Comprehensive Car Insurance: Optional, protects your vehicle from collision and accident risks.

Example: Calculating On-the-Road Costs for a Hyundai HD120S Truck

Suppose Anh Tuan decides to buy a Hyundai HD120S truck with an MSRP of 800 million VND at Hanoi Truck dealership. Below is a cost calculation table for Hanoi:

Expense Type	Amount
MSRP	800,000,000 VND
Special Consumption Tax	280,000,000 VND
Registration Fee	80,000,000 VND
License Plate Fee	2,000,000 VND
Road Maintenance Fee	1,560,000 VND
Civil Liability Insurance	1,000,000 VND
Vehicle Registration Service Fee	1,000,000 VND
Total On-the-Road Cost	1,175,560,000 VND

Note: The above calculation is for reference only. Actual costs may vary depending on the time of purchase, dealer policies, and your choices.

Frequently Asked Questions About Calculating On-the-Road Car Costs

1. Should I buy a truck with a loan or pay in full?

Answer: The choice of payment method depends on your financial capabilities and vehicle usage needs. Hanoi Truck offers loan purchase support with preferential interest rates.

2. How do I calculate the registration fee accurately?

Answer: The registration fee is calculated based on 10% of the vehicle’s value in Hanoi and 2% of the vehicle’s value in other provinces. You can look up details on the Tax Department’s website.

3. Should I buy comprehensive car insurance?

Answer: Purchasing comprehensive car insurance is essential to protect your assets from unforeseen risks.

Hanoi Truck – Reliable Truck Supplier in Hanoi

With over 10 years of experience in the truck business, Hanoi Truck is proud to be a trusted partner of many individuals and businesses in Hanoi and neighboring provinces.

We are committed to providing our customers with:

High-quality, 100% genuine products.
Competitive prices and attractive promotions.
Fast and professional purchase and sale procedures.
Dedicated and thoughtful after-sales service.

Contact Hanoi Truck now for the best truck advice and quotes!

Address: No. 1, Nguyen Van Linh Street, Long Bien District, Hanoi
Hotline: 0987.654.321
Website: https://xetaihanoi.edu.vn/

Conclusion

Hopefully, this article has provided you with useful information on how to calculate on-the-road car costs. Understanding these costs will help you make informed purchase decisions that best suit your needs.

On-the-road car cost calculation table

A man looking at a truck at a dealership