Understanding Car Purchase Fees in Vietnam: A Comprehensive Guide

My friend, a truck enthusiast since childhood, has been restless lately. It turns out he finally saved enough to buy a brand new Hyundai HD120S truck from a familiar dealership on Nguyen Van Linh Street, Long Bien District, Hanoi. He was overjoyed, thinking he was done, but when he received the quote, he was shocked to see a long list of fees in addition to the vehicle price. He was taken aback; it turns out “rolling off the lot” wasn’t as simple as the listed price!

Do you want to avoid a similar surprise? Let’s delve into the details of car purchase fees in Vietnam with XE TẢI HÀ NỘI to be well-prepared and avoid unexpected costs!

Fees Associated with Buying a New Car in Vietnam

1. Registration Fee

• Description: This is a mandatory fee when you register ownership of a vehicle for the first time.
• Fee Amount:
  • Cars with fewer than 9 seats: 10% of the vehicle price in Hanoi (12% in Ho Chi Minh City).
  • Trucks: 2% of the vehicle price.
  • Passenger vehicles with 10 or more seats: 2% of the vehicle price.
• Note: The vehicle price here is the value assessed by the tax authorities, which may be lower than the purchase price.

2. License Plate Fee

• Description: This fee includes the cost of issuing license plates, registration fees, inspection stickers, etc.
• Fee Amount:
  • In Hanoi: 20 million VND for cars, 1 million VND for trucks.
  • In Ho Chi Minh City and other provinces: 150,000 – 400,000 VND.
• Note: The fee may vary depending on the region and vehicle type.

3. Compulsory Civil Liability Insurance

• Description: Mandatory for all motor vehicle owners, this insurance covers personal injury and property damage to third parties in case of an accident caused by your vehicle.
• Fee Amount: Depends on the vehicle type and number of seats.

4. Road Maintenance Fee

• Description: This annual fee contributes to the maintenance of the road system.
• Fee Amount: Depends on the vehicle’s load capacity and type.

5. Other Fees (if applicable)

• Vehicle registration service fee (if you use a service).
• Emission testing fee (applicable to used vehicles).
• Journey monitoring device installation fee (applicable to commercial transport vehicles).

Estimated Fee Table for Purchasing a Truck

Note: This table is for reference only; actual fees may vary.

New Hyundai HD120S Truck

Important Considerations When Paying Car Purchase Fees

• Always request a detailed breakdown of fees from the dealership.
• Carefully review the information on the invoice before making any payments.
• Compare fees at different dealerships to find the best option.
• “Better safe than sorry”: As Nguyen Van A, a long-time truck expert, advises: “Many people are complacent, thinking that trucks only need to focus on the engine and load capacity, forgetting to thoroughly research the fees. This can lead to budget overruns and future problems.”

Frequently Asked Questions When Buying a Car

1. Should I buy a truck through installment payments?

Buying a truck through installments can be an effective financial solution if you don’t have enough capital. However, carefully consider your financial capabilities and choose a suitable loan option.

2. Should I buy hull insurance for a truck?

Hull insurance is not mandatory but is a recommended option to protect your asset from unexpected risks.

3. What is the procedure for transferring ownership of a used truck?

You need to prepare all necessary documents as required and visit the competent police authority to complete the transfer of ownership procedures.

Used Truck Marketplace

Buy Trucks with Confidence at XE TẢI HÀ NỘI

If you are looking for a reputable and quality truck dealer in Hanoi, come to XE TẢI HÀ NỘI. We are proud to be a leading provider of trucks and specialized vehicles from renowned brands such as Hyundai, Isuzu, and Hino.

Why choose XE TẢI HÀ NỘI?

• Quality, genuine products.
• Competitive prices, many attractive promotions.
• Low-interest installment support.
• Professional and dedicated consulting staff.

Contact us now:

XE TẢI HÀ NỘI

Address: [Specific address in Hanoi, e.g., No. 1, X Street, Y Ward, Z District, Hanoi]

Website: https://xetaihanoi.edu.vn/

Similar Products

In addition to the Hyundai HD120S truck, XE TẢI HÀ NỘI also offers a wide range of other trucks such as:

• Isuzu trucks
• Hino trucks
• Dongfeng trucks
• Dump trucks
• Tractor trucks
• Specialized vehicles

Conclusion

We hope this article has provided you with a comprehensive overview of car purchase fees in Vietnam. Be an informed consumer, research thoroughly to ensure your rights and get the vehicle that best suits your needs!

If you have any questions, please leave a comment below or contact XE TẢI HÀ NỘI directly for detailed advice.