How Much Does It Cost to Transfer Ownership of a Used Car in Vietnam?

My friend, a car enthusiast since childhood, has been restless lately. It turns out he’s got his eye on a used 2020 Mazda BT-50 at a reasonable price. But when he looked into the ownership transfer procedure, he hesitated because he heard it was complicated and expensive.

Does my friend’s story sound familiar? The question of how much it costs to transfer ownership of a used car is always a concern for many people. Don’t worry, this article will provide you with the most detailed and comprehensive overview of this issue, helping you confidently bring your beloved vehicle home without any hassle.

What Fees Are Included in a Used Car Ownership Transfer?

1. Registration Fee – The First Hurdle

This is a mandatory fee when you want to own a car in your name. The registration fee for used cars in Hanoi and other provinces is currently 2% of the vehicle’s value.

Example: You buy a used Hyundai HD120S truck for 500 million VND. The registration fee you need to pay is 500,000,000 x 2% = 10,000,000 VND.

Note: The vehicle value for calculating the registration fee will be assessed by the tax authorities, often lower than the actual market price.

Truck registration fee

2. License Plate Fee – Your Car’s “ID Card”

After completing the registration fee, you will pay the license plate fee so your car has its own “ID card.” This fee depends on the locality and the type of license plate you choose.

Example:

• In Hanoi, the car license plate fee is 20 million VND.
• In Ho Chi Minh City, the car license plate fee ranges from 11-12 million VND.

3. Vehicle Inspection Fee – The Periodic “Health Check”

Before officially hitting the road, your car needs to undergo a “general health check” – that’s the vehicle inspection. The vehicle inspection fee for cars ranges from 300,000 – 500,000 VND.

4. Civil Liability Insurance – Your Protective “Shield”

This is mandatory insurance for all owners of road motor vehicles. The civil liability insurance fee for cars ranges from 500,000 – 1,000,000 VND/year.

5. Other Costs – Unexpected Expenses

Besides the main fees mentioned above, you may have to pay some additional fees such as:

• Ownership transfer service fee: If you use a comprehensive ownership transfer service, the fee will range from 500,000 – 2,000,000 VND.
• Chassis and engine number verification fee: Around 200,000 – 500,000 VND.
• Road maintenance fee: If you buy a truck, you need to pay the road maintenance fee according to regulations.

Total Cost of Used Car Ownership Transfer

Thus, the total cost of transferring ownership of a used car will range from a few million to tens of millions of VND, depending on the vehicle’s value, location, and the services you use.

Frequently Asked Questions About Used Car Ownership Transfer

1. Is it mandatory for the used car owner to be present for the transfer?

Answer: According to current regulations, you can completely authorize someone else to transfer the car’s ownership. However, transferring ownership to your name will help you avoid legal troubles later on.

2. Is the used car ownership transfer procedure complicated?

Answer: The used car ownership transfer procedure has been greatly simplified. You can do it yourself or use a comprehensive ownership transfer service to save time and effort.

Used truck ownership transfer

Tips for a Quick and Cost-Effective Used Car Ownership Transfer

• Carefully check the vehicle documents: Make sure the car you buy has a clear origin, valid papers, and is not subject to any disputes or mortgages.
• Negotiate with the seller: Both parties should clearly agree on the responsibility for paying the transfer fees before proceeding with the transaction.
• Consider a comprehensive ownership transfer service: If you don’t have much time, use a comprehensive ownership transfer service from reputable providers like XE TẢI HÀ NỘI.

Conclusion

Hopefully, this article has helped you answer the question of how much it costs to transfer ownership of a used car and provided you with useful knowledge when buying and selling used cars.

If you are looking for quality trucks at good prices, please contact XE TẢI HÀ NỘI – The leading reputable address in the Northern region. We offer a wide range of trucks from famous brands such as Hyundai, Hino, Isuzu… with a dedicated warranty and after-sales policy.

XE TẢI HÀ NỘI – Your companion on every road!