VinFast offers a big deal: 8-year financing support for electric vehicles, 70% of the car’s value, and money “gifted” to customers buying gasoline cars

According to VinFast's calculations, users will only need to spend over 5 million VND/month (principal + interest) to be able to buy an electric car - in addition to their initial capital.

0
141
VinFast

VinFast has just announced the launch of the “Mighty Spirit of Vietnam” campaign, the second time, with the aim of expressing its gratitude to the loyal customers who have supported the company in its early days and also to support Vietnamese customers in owning electric vehicles through new preferential policies.

Specifically, for customers who have purchased one of the three previous fuel car models, including Lux A2.0, Lux SA2.0, and Fadil, VinFast will offer a maintenance package worth 5 million for Lux cars and 3 million for Fadil cars within a period of 3 years. Additionally, these car owners will receive an immediate 5% discount on the purchase of any electric car models.

Meanwhile, for customers who want to purchase electric cars during this period, VinFast is offering a preferential installment package with a maximum duration of 8 years, the highest value being 70% of the car price and an attractive interest rate. The interest rate will be calculated based on 5% of the loan amount in the first 2 years, 8% in the following 3 years, and 8.5% in the final 3 years. VinFast will bear any arising risks (such as a floating interest rate higher than the specified rates during the loan period).

According to VinFast’s calculation, customers only need to pay 5.29 million/month, including principal and interest, to be able to purchase one of their electric car models, in addition to the initial payment.

VinFast also declared its readiness to directly compete with gasoline cars in the market by optimizing the cost of purchasing and using electric cars. Currently, VinFast’s electric cars are evaluated to be cheaper than gasoline cars in the same segment, while the cost of renting batteries + charging per km is also lower than using gasoline.

The company has set 2 major goals for the next phase, which are to expand its operations in many countries and to rapidly popularize electric cars in Vietnam, making Vietnam a model of green transportation in the region.

In Vietnam, VinFast is currently selling a total of 6 electric car models, all of which are SUVs including VF 5, VF 6, VF 7, VF 8, VF 9, and VF e34. At the end of this year, the company will continue to market the VF 3 mini SUV for the domestic market.

Internationally, VinFast has entered the markets of the US, Europe, and is actively expanding its presence in India and Indonesia.

The most recent time VinFast showed its “gratitude” to its customers was when the brand officially had its IPO in the US, where each VinFast car owner was given 30 VFS shares.