Transferring Personal Vehicles to Companies in Hanoi: A Smart Business Move

Anh Tuan used to struggle with the costs of constantly renting trucks to transport goods from his warehouse in My Dinh to dealers in Ha Dong and Long Bien. One day, a friend introduced him to the solution of transferring his personal vehicle to his company. This allowed him to own a Dongfeng truck that met his needs while enjoying significant tax and fee benefits.

What is a Personal Vehicle Transfer to a Company?

Transferring a personal vehicle to a company is when an individual buys a vehicle in their name and then sells it to the company they work for, a subsidiary, or an affiliated company. This practice is becoming increasingly popular due to its practical benefits for both the seller and the business.

Benefits of Transferring a Personal Vehicle to a Company

1. Cost Savings

• Reduced registration tax: Individuals only pay 2% registration tax when purchasing a vehicle, significantly lower than the corporate tax rate.
• Flexible depreciation: Companies can choose a suitable depreciation method to optimize costs.

2. Simple and Fast Procedures

• The procedures for buying and selling personal vehicles are simpler than those for businesses.
• The completion of documents is quick, allowing companies to put the vehicle into operation sooner.

3. Increased Operational Capacity

• Companies can be more proactive in transporting goods, improving business efficiency.
• Reduced reliance on external transportation providers minimizes risks.

Workers loading boxes onto a truck on a busy street

Reference Price List for Personal Trucks Transferred to Companies

Note: This price list is for reference only. Actual prices may vary depending on time, dealer, and promotions.