Car Ownership Costs in Hanoi: A Comprehensive Guide for Beginners

Mr. Bay, a resident of Hanoi’s Old Quarter, is renowned for his transportation business and his trusty Dongfeng truck. Everyone says he has a knack for success, with prosperity following wherever his truck goes. However, few know about Mr. Bay’s meticulous record-keeping of every expense for his “companion.” He firmly believes, “For a healthy vehicle and a prosperous owner, smart spending is essential.”

Mr. Bay’s story reflects the economic reality every car owner or aspiring owner faces: the cost of car ownership. In this article, Hanoi Truck will break down these costs, helping you operate your vehicle efficiently and economically.

Cost Breakdown: Dissecting Each Expense

“Car ownership costs” encompass more than just fuel and driving. For smooth operation of your “four-wheeled friend,” consider the following expenses:

1. Fixed Costs:

• Registration Fee: A mandatory fee for new car purchases, ranging from 2% to 12% of the vehicle’s value, depending on the locality.
• License Plate Fee: The cost of issuing a new license plate or changing information on the existing one.
• Civil Liability Insurance: Mandatory for all vehicles on the road.
• Comprehensive Car Insurance: Protects your vehicle from risks like accidents and damage (optional).
• Road Maintenance Fee: An annual fee replacing toll fees.

2. Operating Costs:

• Fuel: Gasoline or diesel – the most significant portion of operating costs.
• Regular Maintenance: Oil changes, filter replacements, etc., to ensure smooth operation and prolong the vehicle’s lifespan.
• Repairs: Costs incurred when the vehicle experiences breakdowns or damage.
• Parking Fees: Depending on the location and duration of parking.
• Other Costs: Toll fees, car washes, air fresheners, etc.

Mr. Bay's Dongfeng Truck

Price List for Popular Trucks at Hanoi Truck

Note: This price list is for reference only. Actual prices may vary depending on the time of purchase and the dealership. For detailed pricing and the best offers, please contact the Hanoi Truck hotline: …