Illustrative photo
After the program “Trade-in old gasoline motorbikes – Get new electric motorbikes” that has been implemented since the end of March 2024, VinFast and Cho Tot Company Limited announced the implementation of the program “Trade-in – Get new electric cars” for all owners of old cars wishing to switch to VinFast’s new electric cars since April 22, 2024.
Specifically, customers owning VinFast gasoline and electric car lines will be bought by Cho Tot at a remaining value based on fixed annual depreciation of up to 88% compared to the current listed selling price. For customers owning gasoline cars from other brands, Cho Tot also commits to buying at a transparent price compared to the market, providing services at home or directly at VinFast’s designated showrooms.
Especially when buying a new VinFast electric car, customers who sell used cars to Cho Tot will enjoy an additional interest rate incentive policy that VinFast is implementing. Specifically: loan terms up to 8 years; maximum loan value of 80% of the car price; and attractive lending rates.
If not paying in installments but choosing the direct payment method, customers will be entitled to a 4% discount on the car price.
The cooperation between VinFast and Cho Tot is expected to provide customers with the opportunity to easily switch from gasoline cars of all brands to VinFast electric cars with optimal benefits. VinFast electric car owners who want to upgrade to higher-end car lines will also have a more reliable address to sell used cars.
