The Most Opportune Time to Buy a Car: Vietnamese Car Buyers Reap Double Benefits

Purchasing a car right now can unlock a plethora of benefits and incentives.

0
55

Looking at the current fluctuations in the Vietnamese auto market, some people suggest that now is a great time to buy a car. This opinion stems from two factors that are currently being discounted: registration fees and new car prices.

Inside the THACO Mazda factory. Photo: THACO

Specifically, the government has issued regulations on registration fees for domestically produced and assembled cars.

Decree No. 109/2024/ND-CP, which took effect on September 1, stipulates that the registration fee is only 50% of the rate prescribed in Decree No. 10/2022/ND-CP. In other words, people who buy domestically produced or assembled cars are entitled to a 50% discount on registration fees.

The registration fee incentive for domestically assembled and manufactured cars is one of the measures to boost car sales as more imported cars are entering the country, causing difficulties for the domestic auto industry. However, it is important to note that this incentive only lasts for three months.

Honda’s car assembly line in Vinh Phuc.

Another thing to note is that for electric cars, the registration fee is currently 0% regardless of whether they are imported or domestically produced. The regulation on the 0% registration fee for electric cars will only last until March 2025, after which it will increase to 50% until 2027.

In addition, customers will also enjoy other incentives offered by the car manufacturers themselves. Specifically, VinFast, a Vietnamese car manufacturer, is offering free charging services at V-Green stations nationwide.

Along with this, VinFast has also reduced vehicle prices to better compete with gasoline-powered cars. The discount corresponds to 50% of the registration fee for that model, which can range from tens of millions to hundreds of millions of VND.

The registration fee for pure electric cars is currently 0% regardless of whether they are imported or domestically produced and assembled.

Similarly, a few gasoline-powered car models are also being offered with discounts. Typically, some Honda models are now available at very competitive prices, with discounts of up to over VND 200 million.

Specifically, the Honda City RS, L, and G versions are being discounted by VND 40 million, VND 50 million, and VND 60 million, respectively. Meanwhile, the Honda CR-V L and L AWD versions are discounted by VND 60 million, and the G version is discounted by up to VND 80 million. The Honda model with the highest discount is the Accord, at VND 220 million.

Many models are on sale.

Along with Honda models, Toyota Corolla Cross prices have also been reduced. A dealer in the North recently announced a discount of VND 85 million for the Toyota Corolla Cross G version and VND 95 million for the hybrid HV version.

In the future, the Mitsubishi Triton pickup truck may also continue to be discounted when the new version is launched on September 11. Currently, Mitsubishi Triton has different prices at dealers, with the highest recorded discount of up to nearly VND 60 million.

You may also like

The Ultimate Luxury Sedan: Mercedes-Benz E-Class – Now with an Unmissable Discount of up to 250 Million VND.

The E-Class range, including the E 180, E 200 Exclusive, and E 300 AMG, is now more accessible than ever with a significant price reduction of 130-250 million VND.

“Slash Registration Fees for Three Months: ‘Customers Spend Faster than the Six-Month Period; Imported Cars Aren’t Affected, but Locally Assembled Cars Will Soon Increase in Price’”

The government’s decision to reduce registration fees for automobiles is expected to invigorate the automotive market in the remaining months of the year. Industry experts anticipate a bustling market as a result of this policy change.

The Rose Training Scandal: Who Owns the Quintuple-Nine License Plate?

“In response to Huấn Hoa Hồng’s plea for help amid the dispute over the quintuple-nine license plate, top lawyer Trương Văn Tuấn, head of the Trạng Sài Gòn Law Firm, provides an exclusive insight to Người Lao Động Newspaper on the matter.”

“VinFast Unveils Stunning New Offer: Slashing 50% Off Registration Fees for Electric Vehicles VF 6, VF 7, VF 8, and VF 9 – Up to Nearly 140 Million VND.”

“In addition to further reductions in registration fees, VinFast electric vehicles are also eligible for a range of other exclusive double benefits.”

The All-New MG7: A Stunning Addition to Hanoi’s Streets, Anticipated Launch This Month with Exciting Deals

The MG7, spotted in Hanoi, is believed to be an early preview model on display at a dealership. This premium variant boasts a 2.0L engine, offering a glimpse into the future of automotive luxury.