2023 New Car Fees in Hanoi: A Comprehensive Guide
My friend Minh, a truck enthusiast, recently bought a brand new Dongfeng truck from a dealership on Nguyen Van Linh Street in Long Bien District. He even picked an auspicious day to bring his “baby” home in time for the year-end shipments. However, when I saw him, he was sighing, fiddling with his agarwood beads on the steering wheel: “I thought buying the car was the end, but getting it on the road incurred a bunch of extra costs. It’s like ‘running out of money for parts before even filling up the tank!'”
Minh’s story is a common concern for many new car buyers. So, what fees do we have to pay besides the car’s price? Let’s explore the details with XE TẢI HÀ NỘI in this article!
2023 New Car Fees: A Detailed Breakdown
1. Registration Fees: Legally on the Road
This is a mandatory fee when buying a new car, including:
- Registration Tax: This tax applies to all types of vehicles and is calculated as a percentage of the vehicle’s value. Currently, the common registration tax is 10% for cars registered for the first time in Hanoi.
- License Plate Fee: This fee includes the cost of issuing the license plate and the vehicle registration certificate. The fee is specifically regulated for each type of vehicle.
Note: Registration tax and license plate fees may vary depending on the locality and vehicle type.
2. Insurance Fees: Protecting Your “Baby”
To ensure safety for yourself and your vehicle, you should purchase the following insurance:
- Compulsory Civil Liability Insurance: This is mandatory for all motor vehicle owners, ensuring compensation for damage to third parties in case of accidents.
- Vehicle Physical Damage Insurance: This insurance covers repair and replacement costs for vehicle damage caused by collisions, fire, natural disasters, etc.
- Other Voluntary Insurance: Besides the two mandatory types, you can consider purchasing other voluntary insurance such as personal accident insurance for passengers and theft insurance for vehicle parts.
Expert Advice:
“Buying car insurance is essential to minimize financial risks in case of unforeseen incidents. Choose an insurance package that suits your needs and financial capabilities.” – Mr. Nguyen Van A, Car Insurance Market Analyst
3. Other Fees: The Small but Significant Costs
In addition to the main fees mentioned above, you may incur other costs such as:
- Road Maintenance Fee: This annual fee applies to all road vehicles.
- Vehicle Registration Service Fee: If you want to save time and effort, you can use a comprehensive vehicle registration service.
- Parking Fee: You will have to pay for parking when using public parking lots.
Estimated Fee Table for New Cars in 2023
| Fee Type | Estimated Cost | Notes |
|---|---|---|
| Registration Tax (Hanoi) | 10% of vehicle value | Applies to cars registered for the first time |
| License Plate Fee | 1 – 2 million VND | Varies by locality and vehicle type |
| Compulsory Civil Liability Insurance | Around 1 million VND/year | Mandatory for all vehicle owners |
| Vehicle Physical Damage Insurance | 0.3 – 0.5% of vehicle value/year | Varies by insurance package and car manufacturer |
| Road Maintenance Fee | 150,000 – 2.5 million VND/year | Varies by vehicle load capacity |
Note: The table above is for reference only. Actual fees may vary depending on the time and policies of each locality.
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