New Car Fees in Vietnam: What You Need to Know

Anh Tuan, a grocery store owner in Hanoi’s Old Quarter, decided to buy a Thaco Towner 750kg truck to facilitate goods transportation. Misled by a car broker, he believed the listed price was the final cost. Upon receiving the vehicle, he was shocked to discover a mountain of additional fees. Anh Tuan’s story highlights the crucial need to understand new car fees in Vietnam before making a purchase.

So, what fees are involved when buying a new car in Vietnam? This article provides a comprehensive overview.

Fees associated with buying a truck in Vietnam

New Car Fees in Vietnam: A Breakdown of Each Cost

To avoid a situation like Anh Tuan’s, you need to be aware of all new car fees in Vietnam. Below is a detailed table of the necessary fees:

1. Registration Fee

This is a mandatory fee payable when registering a new vehicle. The registration fee is calculated based on the vehicle’s value and the registration area. For example, in Hanoi, the current registration fee is 12% for cars with fewer than 9 seats.

2. Vehicle Registration Plate Fee

This fee includes the cost of issuing license plates, vehicle registration, registration fee stamps, and road usage fees. The fee varies across provinces and cities.

3. Compulsory Third-Party Liability Insurance

This is mandatory insurance for all road motor vehicles. The premium for compulsory third-party liability insurance is regulated by the Ministry of Finance.

4. Physical Damage Insurance

Physical damage insurance is optional and protects your vehicle against risks such as collisions, fire, and theft.

5. Other Fees

You may incur additional fees, such as vehicle registration service fees and road maintenance fees.

Estimated Cost of New Car Fees in Hanoi

Below is an estimated cost table for new car fees in Hanoi:

Note: The table above is for reference only. Actual fees may vary depending on the time of purchase and local policies.

Buying a truck with installments in Hanoi

Important Considerations When Researching New Car Fees

• Understand the dealer’s policies: Each car dealership will have different support and promotional policies regarding car purchase fees.
• Consider physical damage insurance: While not mandatory, physical damage insurance is a safe option that helps mitigate financial risks in case of accidents.
• Consult experienced individuals: If you are new to buying a car, seek advice from relatives or friends who have purchased cars before for valuable insights.

Frequently Asked Questions about New Car Fees

1. Can the registration fee be reduced?

The registration fee is regulated by the government; however, some localities may have policies to reduce it in specific cases.

2. Is the vehicle registration process complicated?

The vehicle registration process has been simplified. You can do it yourself or authorize the car dealership to handle it.

3. Where can I buy physical damage insurance?

You can purchase physical damage insurance from reputable insurance companies or through car dealerships.

Buy Quality Trucks – Visit Xe Tai Ha Noi

If you are looking to purchase a truck, visit Xe Tai Ha Noi, the leading provider of quality and reputable trucks in Hanoi. We are committed to your satisfaction with:

• A wide range of trucks from renowned brands such as Hyundai, Isuzu, and Hino.
• Competitive prices and attractive promotions.
• Low-interest installment support with quick procedures.
• Professional and dedicated consulting services.

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Related Products

In addition to trucks, Xe Tai Ha Noi also offers a variety of other vehicles, such as dump trucks, tractor-trailers, and specialized vehicles.

See more products on our website: https://xetaihanoi.edu.vn

Conclusion

We hope this article has provided you with helpful information about new car fees in Vietnam. Be an informed consumer and thoroughly research before making a purchase decision. Don’t forget to visit our website https://xetaihanoi.edu.vn for more useful information about trucks and other vehicles.