The Ultimate Guide to New Car Costs in Vietnam

“You get what you pay for” is a timeless adage that holds particularly true when investing in a new car. Are you planning to purchase a vehicle but unsure about the total cost? This guide from XE TẢI HÀ NỘI breaks down all the expenses involved in buying a new car in Vietnam.

Detailed Breakdown of New Car Costs

Many car buyers focus solely on the listed price, overlooking the numerous additional expenses. Bringing your dream car home requires budgeting for the following:

1. Listed Price (MSRP)

This is the manufacturer’s suggested retail price, representing the vehicle’s base value. The MSRP varies depending on the brand, model, version, and purchase time. For instance, a Hyundai HD800 truck at Truong Chinh Hyundai dealership will have a different MSRP than an Isuzu truck at Cau Giay Isuzu dealership.

2. Mandatory Taxes and Fees

These are unavoidable expenses when purchasing a new car in Vietnam:

• Registration Fee: 10% of the vehicle’s value in Hanoi, 12% in Ho Chi Minh City, and 2% in other provinces.
• License Plate Fee: 20 million VND in Hanoi and Ho Chi Minh City, and 1 million VND in other provinces.
• Road Maintenance Fee: 1,560,000 VND/year for vehicles with under 10 seats, 2,160,000 VND/year for vehicles with over 10 seats.
• Vehicle Inspection Fee: 340,000 VND per inspection (applicable to new cars).
• Compulsory Civil Liability Insurance: Approximately 873,000 VND/year for 4-7 seat vehicles, 1,121,000 VND/year for pickup trucks.

3. Other Potential Expenses

Besides mandatory fees, you may incur additional costs such as:

• Registration Service Fee: Assists with vehicle registration paperwork, ranging from 1 to 3 million VND.
• Accessories: Leather seat covers, window tinting, dashcams, etc.
  Car accessories: Leather seats, window tint, and a dashcam
• Comprehensive Car Insurance: Protects your car against unforeseen risks like collisions and fires, with premiums ranging from 1.5% to 2% of the vehicle’s value.
  Comprehensive car insurance policy

Sample New Car Cost Table

Note: This table provides estimated costs. Actual expenses may vary based on time of purchase, dealership, and chosen options.