What’s Included in the Base Price of a Car? A-to-Z Breakdown

A friend of mine, a true driving enthusiast, after years of cruising in his old truck, finally decided to upgrade. Hearing rumors of car price reductions, he excitedly visited Hyundai Gia Lam, choosing a shiny new SUV. But upon hearing the quoted out-the-door price, his face paled. He mumbled, “So many fees! Does the base price of a car really include so much?”

His story of leaving the dealership with a significantly lighter wallet stuck with me. Indeed, many first-time car buyers, and even experienced ones, are often unclear about the concept of a car’s base price. In this article, XE TẢI HÀ NỘI will provide a detailed answer to the question “What’s included in the base price of a car?”, helping you confidently purchase your dream vehicle!

What is the Base Price of a Car?

The base price of a car, also known as the MSRP (Manufacturer’s Suggested Retail Price), is the price the manufacturer sets for a new vehicle, excluding any taxes or fees. This price is usually publicly available on the manufacturer’s website, in brochures, or at dealerships.

What Does the Base Price of a Car Include?

The base price of a car is only a portion of the total cost. To legally drive the car on the road, you’ll need to pay several mandatory taxes and fees:

1. Taxes and Registration Fees:

• Registration Fee: This fee is based on the vehicle’s value and ranges from 2% to 12%, depending on the location and type of vehicle. For example, in Hanoi, the registration fee for cars with fewer than 9 seats is 12%, while in other provinces, it might be only 2%.
• License Plate Fee: This fee varies by location and engine displacement.
• Road Usage Fee: This annual fee applies to all vehicles operating on public roads.
• Inspection Fee: The cost of inspecting the vehicle for safety and environmental compliance.
• Compulsory Third-Party Liability Insurance: This insurance is mandatory for all car owners.

2. Other Fees (Optional):

• Vehicle Registration Service Fee: For those who prefer not to handle the registration process themselves, third-party services are available for a fee ranging from 1 to 3 million VND.
• Car Accessories: Leather seats, window tinting, dashcams are popular accessories many choose to install.
• Comprehensive Car Insurance: This insurance covers repair or replacement costs in case of accidents, collisions, fire, or theft.

Example:

If you purchase a Hyundai HD120S truck at Hyundai Truong Chinh for a base price of 600 million VND, the estimated out-the-door price in Hanoi would be around: 600 million + 72 million (registration fee) + other fees ≈ 750 million VND.

Important Considerations When Understanding Car Base Prices

• MSRP is Just a Guide: The actual price may differ from the MSRP depending on the time of purchase, manufacturer or dealer promotions.
• Thoroughly Research Taxes and Fees: Understanding these costs will help you accurately budget and avoid surprises.
• Compare Prices at Multiple Dealerships: Each dealership may offer different promotions and discounts.
• Choose a Reputable Dealership: A reputable dealership ensures quality vehicles and reliable after-sales service.

Frequently Asked Questions About Car Base Prices

1. Does the base price include VAT?

No, the base price does not include VAT.

2. How can I determine the exact out-the-door price?

Contact the dealership directly or use online out-the-door price calculators.

3. What should I consider when financing a car?

Carefully review interest rates, loan terms, and borrowing requirements.

Buy Reliable and Quality Trucks at XE TẢI HÀ NỘI

If you need a truck, visit XE TẢI HÀ NỘI – Hanoi’s leading provider of quality and reliable trucks.

Why Choose XE TẢI HÀ NỘI?

• Diverse Truck Selection: From light, medium to heavy trucks, we cater to all transportation needs.
• Competitive Prices: We offer the best prices in the market.
• Financing Support: Simple, fast procedures with preferential interest rates.
• Dedicated After-Sales Service: Genuine warranty, maintenance, and dedicated customer care.

To learn more about XE TẢI HÀ NỘI’s services, please see the illustration below: