Calculate On-the-Road Truck Prices in Hanoi: A Comprehensive Guide

Anh Tuan, a resident of Cau Giay district, Hanoi, dreams of owning a Hyundai New Porter 150 truck to support his construction materials business. He has thoroughly researched the engine, payload, and listed price at Hyundai dealerships in Hanoi. However, when asked about the actual cost to get the truck “on the road,” he seemed quite uncertain.

Anh Tuan’s story is not uncommon. Calculating the on-the-road price of a vehicle is something that many buyers, especially first-time buyers, find confusing. So, what exactly is the formula for calculating the on-the-road price? Let’s explore the details with Hanoi Trucks in this article!

Formula for Calculating On-the-Road Truck Prices

The on-the-road price is the total cost you must pay for a vehicle to be legally operated on the road, including:

On-the-Road Price = Listed Price + Mandatory Taxes and Fees + Registration Costs + Other Costs (if any)

Detailed Breakdown of On-the-Road Price Components:

1. Listed Price

This is the selling price announced by the vehicle manufacturers, excluding taxes, fees, and other costs. The listed price may vary depending on the time of purchase, dealer and manufacturer promotions.

2. Mandatory Taxes and Fees

• Registration Fee: In Hanoi, the registration fee for trucks is 10% of the vehicle’s value.
• Inspection Fee: Approximately 340,000 VND/inspection.
• Road Maintenance Fee: 1,560,000 VND/year for trucks.
• Compulsory Third-Party Liability Insurance: Mandatory by law. The fee depends on the vehicle type and seating capacity.

3. Registration Costs

• License Plate Fee: 20 million VND for trucks in Hanoi.
• Vehicle Registration Fee: Approximately 500,000 – 1 million VND.

4. Other Costs (if any)

• Vehicle Registration Service Fee: If you use a comprehensive vehicle registration service.
• Accessories: Leather seats, window tint, dashcam, etc.
• Comprehensive Car Insurance: Not mandatory, but recommended to protect your vehicle against risks.

Example: Calculating the On-the-Road Price of a Hyundai New Porter 150 in Hanoi:

Hyundai New Porter 150 truck on the road in Hanoi

Note:

• The above prices are for reference only.
• The actual on-the-road price may vary depending on the time of purchase, dealer promotions, and optional add-ons.