Used Car Transfer Tax Calculation: A Comprehensive Guide

“Buying used, selling new” is a common saying for those seeking their ideal car. However, the process of transferring ownership can be a headache for many. From paperwork and fees to taxes, it can be overwhelming. So, how is the transfer tax for used cars calculated? Let XE TẢI HÀ NỘI answer this question in the following article!

Used car transfer tax

Main Content

1. What is Used Car Transfer Tax?

Used car transfer tax is a fee that the new owner must pay to the government when transferring ownership of the vehicle. This tax is calculated based on the vehicle’s value and the locality of registration.

2. How to Calculate Used Car Transfer Tax

Formula for calculating used car transfer tax:

Transfer Tax = Vehicle Value for Tax Calculation x Tax Rate

Where:

• Vehicle Value for Tax Calculation: Determined by the tax authority at the place of registration based on the sales invoice and the minimum price stipulated by the Ministry of Finance.
• Tax Rate:
  • Cars with less than 9 seats: 2% (Hanoi & Ho Chi Minh City).
  • Other provinces: 2% for vehicles with engine displacement under 1,500cc, 5% for vehicles with engine displacement over 1,500cc.

Example: Mr. Minh in Cau Giay District, Hanoi wants to buy a used Hyundai H100 truck from someone in Thanh Xuan District. The vehicle value for tax calculation determined by the tax authority is 200 million VND. Therefore, Mr. Minh will have to pay the following transfer tax amount: 200,000,000 x 2% = 4,000,000 VND.

Note:

• In addition to the transfer tax, the new owner also has to pay other fees such as registration fees, civil liability insurance, etc.
• The tax rate may change from time to time.

3. Frequently Asked Questions about Used Car Transfer Tax

Question 1: Is the used car transfer procedure complicated?

Answer: The used car transfer procedure has been significantly simplified. You can refer to the detailed process in the article Used Car Purchase Procedure from Different Provinces on our website.

Question 2: Should I transfer the ownership when buying a used truck?

Answer: Transferring ownership when buying a used truck is essential to avoid legal complications later.

Used truck ownership transfer

Question 3: I want to learn more about suitable trucks for transportation businesses in Hanoi?

Answer: XE TẢI HÀ NỘI is proud to be a provider of high-quality trucks, meeting the diverse needs of customers. Please contact us for detailed advice on models such as Hyundai H100, Thaco Towner, Suzuki Carry Truck,… suitable for transporting goods within Hanoi and neighboring provinces.

4. How to Buy a Truck at XE TẢI HÀ NỘI

To buy a truck at XE TẢI HÀ NỘI, you can do one of the following:

• Call us: Contact us directly via our hotline for quick consultation and quotation.
• Visit our website: Explore detailed information about products, services, and attractive promotions on our website xetaihanoi.edu.vn.
• Visit our showroom: Experience the trucks directly at the XE TẢI HÀ NỘI showroom at [showroom address].

Conclusion

Hopefully, this article has provided you with useful information on how to calculate used car transfer tax. Be an informed buyer and seller, understand the legal regulations so that the ownership transfer process is quick and smooth. If you have any further questions, please leave a comment below or contact XE TẢI HÀ NỘI directly for timely support.