What additional costs are needed to get the car on the road when buying a new car?

Nowadays, many people when buying a new car are "surprised" to have to pay a large amount of money for a series of fees and services "accompanying" their car.

According to current regulations, in order for a new car to be on the road, in addition to paying the purchase price (the price announced by the company, including VAT), the buyer must pay additional costs, including: Registration fee (currently 10% in all provinces and cities nationwide, 12% in Hanoi), inspection fee, road maintenance fee, new car registration fee, license plate registration service and finally vehicle physical insurance (not mandatory) and civil liability insurance (mandatory).

For example, the Vios 1.5 E manual transmission version with the price given by Toyota Vietnam is 513 million VND, the total cost is estimated as follows:

Along with the mandatory costs mentioned above, during use, car owners must also calculate fuel, maintenance and insurance costs to have the most basic expenses when "raising" a car.

If the car owner buys an additional physical insurance package, he will pay an additional 1.5% of the car's value (comprehensive insurance package, including flood and theft) and if the car owner does not directly register the license plate, the service fee at the companies is currently from 1.8 - 2 million VND/car.

Fuel charges

1. Calculate fuel costs by recording the mileage shown on the meter when the fuel tank is almost empty.

2. Refill the tank when it is almost empty. Be careful not to fill it up.

3. Refill the tank when it is almost empty and write down the amount of fuel you have poured. Do not overfill the tank.

4. Check the odometer when you last filled up, then subtract the previous reading to see how many miles you drove. Write down the difference between the two readings. For example, if the reading was 30,280 miles when you first filled up and 30,763 miles when you filled up again, you have 300 miles on one tank of gas.

5. Divide the number of kilometers you wrote down by the number of liters of gas needed to fill the tank. For example, 483 kilometers divided by 56.78 liters of gas means you get 8.5 kilometers per liter.

6. Divide the distance traveled in 1 month by the number of kilometers traveled per liter of gasoline. For example, if your car has traveled 48,280 kilometers and has been used for 40 months, then you drive about 1,207 kilometers per month. In this example, dividing 1,207 kilometers by 8.5 kilometers will give you 142 liters of gasoline consumed per month.

7. Multiply the number of liters of gasoline per month by the price of fuel to get the monthly fuel cost. For example, the current price of gasoline is 15,960 VND/liter, multiply by 142 liters to get the number of nearly 2,270,000 VND.

Maintenance and insurance

1. In addition to fuel, you will also need to pay for oil changes, tire replacements, and other maintenance, along with repair and insurance bills. Divide this total by 12 to get your monthly cost.

2. In addition to the cost of "maintaining" the car, there is also the registration fee.

Cost of using the car

1. Add up the cost of fuel, maintenance, repairs, insurance, and monthly registration to see how much it costs you each month to drive.

2. Divide the above cost figure by the monthly distance to find out the cost per kilometer you drive.

3. Remember that the cost you just calculated does not include the car purchase price, road tolls, accidents, parking fees and some other road taxes.