Hanoi Truck Financing: Get Your Truck on the Road Today

Mr. Ba, the owner of a small grocery store on Hang Buom Street, Hanoi, always dreamed of owning a small truck to facilitate goods transportation. After a long time saving, he still didn’t have enough money to buy one. Fortunately, he learned about truck financing at HANOI TRUCKS. Thanks to that, Mr. Ba “brought home” a Hyundai Porter 150 to serve his business, opening up many new development opportunities.

Do you also dream of owning a truck but lack the necessary funds? Don’t worry, let HANOI TRUCKS guide you through the simple and fast process of truck financing in the article below!

Truck Financing: Essential Information

1. Benefits of Truck Financing

• Reduced Financial Pressure: Instead of paying a large sum of money at once, you can divide the payment into installments, suitable for your financial capabilities.
• Own Your Truck Sooner: No need to wait until you have saved enough money. You can get your dream truck on the road immediately and start using it for personal or business needs.
• Diverse Options: Banks and financial companies now offer various loan packages with attractive interest rates and promotions, helping you easily choose the suitable option.

2. Requirements and Procedures for Truck Financing

General Requirements:

• Vietnamese citizen or foreigner living and working in Vietnam.
• Aged between 18 and 60.
• Stable income, demonstrating the financial capacity to ensure loan repayment.
• No bad debt at credit institutions.

Required Documents:

• Identity Card/Citizen Identity Card/Passport.
• Household Registration Book/Temporary Residence Registration.
• Marriage Certificate/Single Confirmation (if applicable).
• Proof of Income: Labor Contract, bank statement of the last 3-6 months, or other documents proving income sources (if applicable).
• Documents related to collateral (if applicable).

Truck Financing Procedures:

1. Choose a Truck and Dealer: You can refer to the truck models at HANOI TRUCKS, an authorized dealer of Hyundai, Thaco, Isuzu,… in Hanoi, with a variety of trucks from small to large such as Hyundai Porter 150, Thaco Towner 990, Isuzu QKR77FE4,…
2. Choose a Bank/Financial Company: Compare interest rates and loan incentives from banks/financial companies to choose the best option.
3. Submit Loan Application: Prepare complete documents as required by the bank/financial company.
4. Application Assessment: The bank/financial company will assess your loan application.
5. Sign Loan Contract: After the application is approved, you will sign a loan contract with the bank/financial company.
6. Receive Your Truck: Complete payment procedures and receive your truck at the dealership.

Hyundai Porter 150 Truck

3. Reference Truck Financing Price List at HANOI TRUCKS (Updated October 2023)

Note: The above price list is for reference only, actual selling prices may vary depending on the time and promotion programs.

Important Notes When Financing a Truck

• Thoroughly Research Loan Terms: Interest rates, prepayment penalties,…
• Choose a Reputable Bank/Financial Company: Providing professional and transparent services, competitive interest rates.
• Estimate Your Financial Capacity: Ensure your ability to pay monthly installments, avoid incurring bad debt.

Frequently Asked Questions about Truck Financing

1. What assets are required as collateral for truck financing?

Depending on the bank/financial company and the loan package you choose, you can use the truck itself or other assets such as land use rights certificates, real estate,… as collateral.

2. What is the maximum loan term?

The maximum loan term is usually from 3-7 years, depending on the regulations of each bank/financial company.

3. How long does the truck financing process take?

The truck financing process usually takes about 3-5 working days from the date your loan application is approved.