How Much Does It Cost to Transfer Ownership of a Truck in Vietnam?

Just like the saying “A thing lasts thanks to its owner,” a truck, for example, holds no value without ownership papers, and the license plate is proof of that. So, when you need to transfer the ownership of a truck, do you know what to prepare and how much it will cost? Let’s find out the details in the article below.

The Importance of Truck Ownership Transfer

Transferring ownership of a truck is not only a necessary legal procedure to transfer ownership from one person to another but also an act of transparency, clarity, and protection of the rights of the vehicle user.

Legal Perspective

Legally, a truck is considered personal property, and transferring ownership is necessary to ensure the buyer’s ownership rights and avoid potential future disputes.

Financial Perspective

Transferring truck ownership also relates to insurance, bank loans, and the liquidation of the vehicle later on.

Spiritual Perspective

Many people believe that transferring ownership of a truck is an act of transferring the vehicle’s energy from the old owner to the new one. They believe that if the transfer procedures are not fully completed, the truck will not bring luck and prosperity to the new owner.

Truck Ownership Transfer Costs

The cost of transferring ownership of a truck includes various fees, such as:

Registration Fee

The registration fee is a fee that the buyer must pay to the tax authority according to the law. This fee depends on the type of vehicle, engine capacity, and the value of the vehicle.

Inspection Fee

The inspection fee is a fee that the owner must pay to the vehicle inspection agency for technical inspection and issuance of a vehicle inspection certificate.

Transfer Fee

The transfer fee is a fee that the owner must pay to the vehicle registration management agency to change the owner’s name on the vehicle registration certificate.

Other Fees

In addition to the main fees, there may be other arising fees such as:

• Service Fee: Some service agencies may charge an additional service fee for assisting with the transfer procedures.
• Document Supplement Fee: If there are missing documents, you may have to pay an additional fee to supplement the documents.
• Translation Fee: If the documents related to the vehicle are in a foreign language, you may have to pay a translation fee.

How to Calculate Truck Ownership Transfer Costs

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Influencing Factors

Besides the above fees, the cost of transferring truck ownership also depends on several other factors:

• Vehicle Type: Light, medium, or heavy trucks will have different registration and inspection fees.
• Year of Manufacture: Newer vehicles will have higher registration fees compared to older vehicles.
• Province/City: Transfer fees may vary between provinces/cities.

Important Notes When Transferring Truck Ownership

• Prepare Complete Documents: Carefully check the necessary documents to avoid being asked to supplement documents, leading to wasted time and costs.
• Choose a Reputable Unit: Research and choose a reputable truck ownership transfer service provider with full operating licenses to ensure your rights.
• Carefully Check the Vehicle’s Condition: Before buying a vehicle, you should carefully check its condition to avoid buying a faulty vehicle or one with legal problems.
• Clear Agreement: Clearly agree on the price, procedures, and transfer time with the seller to avoid future disputes.

Frequently Asked Questions about Truck Ownership Transfer

• How do I know the exact cost of transferring truck ownership?> You need to contact the tax authority and the vehicle registration agency to know the exact transfer cost for the vehicle type and year of manufacture.
• Can I transfer truck ownership myself?> You can absolutely transfer truck ownership yourself, however, this will take a lot of time and effort. If you are not familiar with the procedures, you can seek the services of professional units.
• Should I transfer truck ownership immediately after buying a vehicle?> It is advisable to transfer truck ownership immediately after buying a vehicle to ensure your ownership rights and avoid potential risks.
• Where should I transfer truck ownership?> You can transfer truck ownership at the vehicle registration agency of your locality.

Suggested Other Questions

• Should I transfer ownership immediately when buying a used truck?
• How many days does it take to transfer truck ownership?
• Can truck ownership be transferred online?
• How much does it cost to transfer truck ownership in Hanoi?
• How long does it take to transfer truck ownership?

Need to Buy a Truck? Contact Us!

If you are in need of buying a truck, please contact XE TẢI HÀ NỘI dealership for the best advice and support!

We provide a full range of reputable and quality trucks at reasonable prices, along with professional after-sales service.

Hotline: 0968 239 999

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Conclusion

Transferring truck ownership is an important and necessary procedure to ensure the rights of vehicle users. Carefully research the costs and procedures before deciding to transfer ownership to avoid unnecessary troubles.

Do you have any questions about this topic? Leave a comment below and we will answer you!