Luxury cars on sale at banks: Mercedes prices starting from just over 1 billion VND

Many luxury cars are being auctioned by banks to recover debts, with starting prices ranging from over 200 million VND to over 1 billion VND.

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Recently, Saigon – Hanoi Commercial Joint Stock Bank (SHB) has put up for sale the Mercedes-Benz S500 car, license plate 30A-929.79. The luxury car was manufactured in Germany in 2015, black in color, and has traveled 230,000km. The starting price for this asset is 1.01 billion VND. The buyer is responsible for all repair costs, ownership transfer, and fees.

Currently, the market price for a Mercedes-Benz S500 car in Hanoi is over 7.4 billion VND.

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PVcomBank – Vietnam Public Commercial Joint Stock Bank has also announced that they are looking for a partner to organize an auction for a Mazda CX-5 5-seater car, red in color, with the license plate 30F-649.08. The starting price is over 550 million VND.

At the end of January 2024, the bank will auction a Suzuki car. It is a collateral of a loan from a customer at the Kien Giang branch. Specifically, the auctioned asset is a 7-seater car, with the registration number 68A-253.46, Suzuki brand. The car is used. The current owner of the car is LOUIX Resort and Travel Limited Liability Company. The starting price is over 466 million VND.

Recently, GPBank Hanoi – Ha Thanh Trading Center Transaction Center announced the sale of a Honda City 1.5CVT car, black in color, manufactured in Vietnam in 2017. This car has the license plate number 30E – 480.01. The minimum price is 240 million VND. This is a collateral of a customer’s loan to recover the debt. GPBank Hanoi also informs that the buyer is responsible for all taxes, fees, and other related charges for the ownership transfer procedure.