How to calculate the total cost of buying a new car

First of all, you need to be mentally prepared to know that the amount announced by the car company or the "offer" by the sales staff will not be the final number that you will have to pay. Normally, the "total damage" will be 10 to 20% higher than the original but sometimes still lower than the announced price from the company. That depends on many fixed and "uncertain" amounts depending on factors such as the car model, the registration location, the car company, the insurance company...

Cost of buying a new car

The cost of buying a new car that you have to pay will be divided into 2 types:

- Vehicle price: Includes published price (including VAT) and customer discount (take published price minus discount).

- Registration fee includes: registration fee (currently 10% in other localities, 12% in Hanoi), vehicle inspection, fees: road maintenance, new vehicle registration fee, vehicle registration service, and finally insurance including: vehicle physical (not required) and compulsory civil liability.

Vehicle registration costs for easy understanding, we will divide into 3 main categories according to the list below:

Estimate additional costs.

So, if you add up all the costs of buying a car above, you will get the actual amount you have to pay when buying a car (on-road price). For first-time car buyers, it is indeed a bit confusing, but I think we should consider this issue carefully when buying a car. For example, when you have 600 million in hand, you should first consider the car models that the manufacturer announces a price of only 450 million or less, which is reasonable.