Calculating On-the-Road Car Prices in Vietnam: A Comprehensive Guide

Mr. Nguyen Van Tuan, a skilled refrigeration technician in Cau Giay District, Hanoi, always dreamed of owning a small truck for convenient transportation and goods delivery. After years of saving, Mr. Tuan finally had enough money to buy a vehicle. However, while researching the purchase process, he became confused by the term “on-the-road price.” What is the “on-the-road price,” and why is it different from the listed price?

This article will answer all your questions about calculating on-the-road car prices in Vietnam, helping you make a confident purchase decision.

What is the On-the-Road Car Price?

The “on-the-road price” is the total cost you must pay to own and legally operate a new car. This price includes the manufacturer’s suggested retail price (MSRP) plus mandatory taxes, fees, and registration costs.

Detailed Breakdown of On-the-Road Car Price Calculation

For a clearer understanding, let’s analyze the on-the-road price calculation for a Thaco Towner 990 truck in Hanoi:

1. Manufacturer’s Suggested Retail Price (MSRP): This is the price announced by the manufacturer, excluding taxes and fees. Let’s assume the MSRP for the Thaco Towner 990 is 250,000,000 VND.

2. Taxes and Fees:

• Special Consumption Tax (SCT): The SCT rate varies depending on engine displacement. For the Thaco Towner 990 truck, the current SCT rate is 2%.

  Example: SCT = 250,000,000 x 2% = 5,000,000 VND

• Registration Fee: The registration fee for cars in Hanoi is 10%.

  Example: Registration Fee = 250,000,000 x 10% = 25,000,000 VND

• License Plate Fee: This fee includes the cost of issuing license plates, vehicle inspection, road tolls, etc., and varies by locality. In Hanoi, the license plate fee for trucks under 2 tons is 2,000,000 VND.

• Compulsory Civil Liability Insurance: This insurance is mandatory for all motor vehicle owners. The premium depends on the vehicle type and seating capacity. For the Thaco Towner 990 truck, the insurance premium is approximately 1,000,000 VND.

3. Other Costs (Optional):

• Vehicle Registration Service Fee: If you prefer not to handle the registration process yourself, you can use the services of car dealerships. This service fee ranges from 2,000,000 to 5,000,000 VND.
• Accessories: You can equip your vehicle with necessary accessories such as dashcams, floor mats, window tints, etc.

4. On-the-Road Price Formula:

On-the-Road Price = MSRP + SCT + Registration Fee + License Plate Fee + Compulsory Insurance + Other Costs (if any)

Example: On-the-Road Price for Thaco Towner 990 in Hanoi:

On-the-Road Price = 250,000,000 + 5,000,000 + 25,000,000 + 2,000,000 + 1,000,000 = 283,000,000 VND

Thaco Towner 990 On-the-Road Price List in Hanoi (Reference)

Thaco Towner 990 Flatbed Truck

Important Notes on Calculating On-the-Road Car Prices:

• MSRP and taxes/fees are subject to change based on government policies and time.
• License plate fees may vary across provinces.
• Accessory purchases are optional.

Frequently Asked Questions about On-the-Road Car Prices:

1. Does the on-the-road price include comprehensive insurance?

The on-the-road price typically includes only compulsory civil liability insurance. Comprehensive insurance is optional.

2. What should I consider about the on-the-road price when buying a truck through financing?

When financing a truck, carefully consider loan interest rates, loan terms, and down payment amounts. Thoroughly assess your financial capacity to ensure you can afford monthly payments.

3. Do I need to calculate the on-the-road price when buying a used truck?

When buying a used truck, you don’t need to pay the initial registration fee and license plate fee. However, you still need to pay fees for ownership transfer, insurance, and vehicle inspection.

Buy Quality Trucks at Competitive Prices at Xe Tai Ha Noi

Xe Tai Ha Noi specializes in providing genuine, high-quality trucks at the most competitive prices in the market. We are committed to providing customers with absolute satisfaction through professional and dedicated service.

Contact Xe Tai Ha Noi for the best advice and support!

Address: No. 10, Nguyen Trai Street, Thanh Xuan District, Hanoi.

Hotline: 0987.654.321

Other Popular Truck Models at Xe Tai Ha Noi:

• Hyundai Trucks
• Isuzu Trucks
• Hino Trucks

Hyundai HD120s Truck

Conclusion

We hope this article has provided you with valuable information about calculating on-the-road car prices in Vietnam. Understanding relevant taxes, fees, and costs will help you accurately budget and make informed purchase decisions. Be a smart consumer and choose a reputable and quality car dealer like Xe Tai Ha Noi for peace of mind on every journey.

Feel free to leave a comment or contact us if you have any questions!