Buying a Truck on Installment at 18: Is It Possible?

“An cư lạc nghiệp” – a Vietnamese proverb emphasizing the importance of settling down and establishing a career, remains relevant in modern times. For many young individuals, owning a truck to start a business is both a dream and a goal. So, can you buy a truck on installment at 18? Let’s explore this with XE TẢI HÀ NỘI!

Young man buying a truckYoung man buying a truck

According to current Vietnamese law, citizens aged 18 and above with full civil capacity can make independent purchase decisions and sign sales contracts, including for vehicles.

However, to buy a truck on installment, you need to meet certain requirements set by banks or credit institutions.

Truck loan application documentsTruck loan application documents

Specifically:

• Age between 18 and 65;
• Stable income and demonstrable ability to repay the loan;
• Good credit history with no bad debts;
• Valid identification documents such as ID card/Citizen Identity Card, household registration book…

Truck purchased on installment planTruck purchased on installment plan

This information clarifies whether you can buy a truck on installment at 18. Carefully consider your financial situation, repayment ability, and gather comprehensive information before making a purchase decision!