Used Truck Ownership Transfer Costs in Hanoi: What to Know

Anh Tuan, a small grocery store owner in Cau Giay District, Hanoi, always dreamed of owning a truck to facilitate goods transportation. After months of saving, he decided to buy a used truck at the truck market on Pham Van Dong Street. After careful consideration and selection, Anh Tuan found a suitable 2018 Hyundai HD72 truck at a reasonable price. However, when calculating the ownership transfer costs, he was shocked by the unexpected expenses. So, what exactly are the costs involved in transferring ownership of a used truck? How can you accurately estimate the budget? This article will help answer those questions.

What are the Costs Involved in Transferring Ownership of a Used Truck?

Transferring ownership of a used truck is a mandatory procedure when buying or selling a vehicle, ensuring the buyer legally owns the truck. The costs involved include the following:

1. Registration Fee:

This is the largest fee when transferring ownership, calculated as 2% x the vehicle’s value (applicable to vehicles registered for the first time in Hanoi). The vehicle’s value is based on the minimum price list issued by the Ministry of Finance or the actual value stated in the sales contract (if the actual value is higher).

2. License Plate Fee:

This fee depends on the vehicle’s registration location. In Hanoi, the license plate fee for a truck is 20 million VND.

3. Vehicle Inspection Fee:

The cost of inspecting a used truck is approximately 340,000 VND.

4. Road Maintenance Fee:

The road maintenance fee is paid every 3 months or 1 year, depending on the vehicle type.

5. Civil Liability Insurance:

This is mandatory insurance for all motor vehicles on the road. The civil liability insurance premium depends on the vehicle type and insurance duration.

6. Other Costs:

In addition to the main fees above, there may be other costs such as service fees, chassis and engine number stamping fees (if applicable).

Used Truck Ownership Transfer Cost Table (Reference)

Note:

• The above table is for reference only; actual costs may vary depending on the specific case.
• For the most accurate used truck ownership transfer costs, you should contact the vehicle registration agency directly or professional ownership transfer services.

Truck ownership transfer process

Frequently Asked Questions about Used Truck Ownership Transfer Costs

1. Does transferring ownership of a used truck take a long time?

The process usually takes about 3-5 business days, depending on the vehicle registration agency and your documents.

2. Can I transfer ownership of a used truck myself?

You can absolutely transfer ownership yourself. However, if you are not familiar with the procedures, you can use professional ownership transfer services to save time and effort.

3. Where can I buy a reputable used truck in Hanoi?

You can consider buying a used truck at reputable dealerships on Pham Van Dong Street, Cau Giay, or other districts such as Long Bien, Gia Lam,…

Feng Shui When Buying a Used Truck

Vietnamese people often value spiritual factors and feng shui when buying a vehicle. According to feng shui experts, when buying a used truck, you should pay attention to the color and license plate number that match your age and destiny to bring good luck and fortune.

Truck driving on the road

Conclusion

Hopefully, this article has provided you with useful information about the costs of transferring ownership of a used truck. Be a wise buyer and seller, carefully calculate the costs to avoid unnecessary expenses.

If you are looking to buy a truck, please contact Xe Tai Ha Noi for the best advice and support. We offer a wide range of trucks from famous brands such as Hyundai, Isuzu, Hino,… with competitive prices and guaranteed quality.

See more:

• Total cost of transferring ownership of a used truck
• Procedures for transferring ownership of a company’s truck
• How much does it cost to transfer ownership of a used truck?

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