Car Ownership Costs in Vietnam: A Comprehensive Guide

The familiar honk of a truck brings a smile to Mr. Tu’s face as he pours tea. He remembers Mr. Ba’s excitement when he first got his Hyundai 75S truck. That excitement quickly faded when the bills started piling up: registration fees, road maintenance fees, and more. Seasoned truck drivers like Mr. Tu know the hidden costs of owning a vehicle in Vietnam.

This guide from Xe Tải Hà Nội will walk you through the various car ownership costs in Vietnam, helping you avoid the surprises that caught Mr. Ba off guard.

I. Types of Car Ownership Costs

First, let’s distinguish between two main categories of costs: initial purchase fees and ongoing operating expenses.

1. Initial Purchase Fees

These are the one-time fees you pay when purchasing a new vehicle:

• Registration Fee: Currently 10% of the vehicle’s value in Hanoi and 2% in some other provinces.
• License Plate Fee: Varies by locality; for example, 20 million VND in Hanoi and 11 million VND in Ho Chi Minh City for passenger cars.
• Compulsory Third-Party Liability Insurance: Mandatory for all vehicles on the road.
• Vehicle Quality Inspection Fee: Applies to domestically manufactured or assembled vehicles.
• Comprehensive Car Insurance: Optional but recommended to protect your vehicle from damage.

Example: If Mr. Ba bought a brand new Hyundai 75S from a dealer in Truong Chinh, Hanoi for 500 million VND, he would pay an additional 50 million VND in registration fees.

2. Operating Expenses

These are recurring or incidental costs associated with using your vehicle:

• Road Maintenance Fee: Paid annually, the amount varies depending on vehicle type and engine displacement.
• Fuel Costs: Gasoline, diesel, etc.
• Toll Fees: Applicable when using toll roads.
• Parking Fees: Hourly or monthly rates.
• Comprehensive Car Insurance: Annual renewal (if applicable).
• Repair and Maintenance Costs: Incurred when your vehicle needs repairs or scheduled maintenance.

Note: These fees are subject to change based on government regulations.

Paying the registration fee

II. Fee Schedule (For Reference Only)

III. Frequently Asked Questions

1. What procedures are required to buy a truck with a loan?

In addition to the fees mentioned above, you will need to prepare loan application documents, proof of income, and choose a reputable bank or lending company. Refer to our article on Construction Forklifts for more information.

2. Where should I buy comprehensive car insurance?

Choose a reputable insurance company with good benefits and customer support.

3. How can I save on car operating costs?

• Drive safely and follow traffic laws to avoid fines.
• Maintain your vehicle regularly.
• Choose the appropriate fuel type.
• Compare prices when using car-related services.

IV. Buy Reliable and Quality Trucks at Xe Tải Hà Nội

Xe Tải Hà Nội is a leading provider of genuine, high-quality trucks in Hanoi. We are committed to providing our customers with:

• Quality products at competitive prices.
• Dedicated and professional consulting services.
• Quick and easy loan application support.

Contact Xe Tải Hà Nội today for advice and to find your perfect truck!

Address: [Specific Address]

Hotline: [Phone Number]

Website: [Website Address]

V. Conclusion

We hope this article has provided a comprehensive overview of car ownership costs in Vietnam. Be an informed consumer and research thoroughly before making a decision. We wish you happy driving!

Buying a truck with a loan

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