Calculate Truck On-the-Road Price: A Comprehensive Guide

Mr. Bay, residing on Highway 1A, Hanoi, is renowned for his business acumen. Heeding his son’s advice, he decided to invest in a Hyundai Mighty truck to expand his construction material transportation business from Gia Lam to Ha Dong. However, upon researching, Mr. Bay was surprised to discover the on-the-road price significantly differed from the initial listed price. So, what is the on-the-road price? How to accurately calculate the on-the-road price for a truck? Let’s find out with Hanoi Trucks!

What is On-the-Road Price?

On-the-road price (OTR) is the total cost you have to pay to legally own and operate a vehicle on the road. It includes:

• Manufacturer’s Suggested Retail Price (MSRP): The price announced by the vehicle manufacturer, such as Thaco Truong Hai, Hyundai, Isuzu, etc.
• Mandatory Taxes and Fees:
  • Registration Fee: 10% of the vehicle’s value (for trucks), payable upon registration.
  • License Plate Fee: 20 million VND in Hanoi, 1 million VND in other provinces.
  • Inspection Fee: Approximately 340,000 VND.
  • Road Maintenance Fee: 1,560,000 – 2,160,000 VND/year (depending on vehicle type).
  • Compulsory Third-Party Liability Insurance: Required by law.
• Other Optional Costs:
  • Vehicle Registration Service Fee: If you opt for a comprehensive registration service.
  • Accessories: Floor mats, dashcams, window tinting, etc.
  • Comprehensive Insurance: Protects your vehicle from unexpected risks.

Hyundai Mighty Truck

Truck On-the-Road Price Reference Table 2023

Truck Price List

Note: This table is for reference only. The actual on-the-road price may vary depending on the time of purchase, dealership, and promotions.