Used Truck Ownership Transfer Fees in Hanoi: A Comprehensive Guide

My friend Minh, a resident of Long Bien district, Hanoi, finally saved enough money to buy a used truck after years of driving a Dongfeng truck for a transportation company in Dong Anh district. While excited, he was also worried about the ownership transfer procedures, which are rumored to involve “many fees.” Understanding this common concern among truck drivers, Hanoi Trucks will break down the used truck ownership transfer fees in detail today, so you’re well-informed and avoid any surprises!

What are Used Truck Ownership Transfer Fees?

This is the fee that the new owner must pay to the competent state agency when carrying out the procedure of transferring the ownership of a used truck. This fee depends on many factors such as: vehicle type, year of manufacture, cylinder capacity, registration locality…

Why Pay Ownership Transfer Fees?

Paying this fee is mandatory under the law, in order to:

• Update the new owner’s information on the national vehicle registration system.
• Generate revenue for the state budget.
• Ensure the rights and responsibilities of the new owner.

Latest 2023 Used Truck Ownership Transfer Fee Schedule

Note: This price list is for reference only, actual fees may vary depending on the regulations of each locality.

A man signing paperwork for a used truck ownership transfer

Important Notes on Used Truck Ownership Transfer Fees

Positive Notes:

• The ownership transfer procedure has been greatly simplified compared to before.
• You can authorize another person to carry out the vehicle ownership transfer procedure.

Negative Notes:

• Transfer fees may change according to new state regulations.
• You need to carefully check the vehicle documents to avoid buying a vehicle that is mortgaged to a bank or has a dispute.