Ways of buying luxury cars of Vietnamese tycoons

From carrying large bags of money to using phones to scan for payment, the way Vietnamese tycoons buy cars has changed a lot.

Hai Nam remembers clearly the auto shows 5-7 years ago. At that time, he was a salesman for a luxury car company in Vietnam. Every exhibition day, Nam helped the accountant carry the money counter back and forth. Vietnamese customers have the habit of shopping right at the exhibition after looking around and choosing their favorite car.

Along with the joy of selling a car comes the worry of having to count the bag of cash, then protect and store it. Not only at the exhibition, Nam often encounters such customers every day.

Located in the center of Saigon, the showroom where Nam works occasionally receives visitors from other provinces. The luggage that customers bring to buy luxury cars worth several billion VND are large bags of money. They can be shrimp and fruit farm owners, people who are only used to spending money in cash. Bank accounts, money transfers, and payment orders are unfamiliar concepts.

In later exhibitions, Vietnamese people have become more familiar with the card payment system, so instead of bringing a money counter, the accountant will bring a card reader. At that time, the card reader still had to be plugged into a line like a LAN to connect to the Internet. And then 2-3 years ago, everything became much simpler, the card scanner used a 3G sim, no need to plug in a wire.

Technology has developed but the number of people accessing convenient payment services is not yet thorough, even among young people. According to many people, banking payment procedures via the internet still require many confirmation steps, are time-consuming and complicated. Therefore, a famous model came to buy a car at Nam's workplace still brought cash, while many "bosses" had to authorize employees to pay because "he thought there were too many steps".

Imported car exhibition in Saigon at the end of October 2017. Beauty Ly Nha Ky suddenly appeared. Wearing elegant clothes, she only carried a small bag that could fit her phone, no cash was seen even though she came to buy a car, a red convertible two-door sports car worth 12.6 billion.

Ly Nha Ky paid the deposit for a luxury car using the Samsung Pay application.

The way Ly Nha Ky chose was to pay via a smartphone application. The deposit was 40 million. The beauty's credit card information was available on this application, so she just needed to bring it close to the card payment machine (POS), the machine would automatically receive the information, enter the password and the amount of 40 million on the POS machine to complete the payment process. Ly Nha Ky only needed to do the last thing, which was to sign the confirmation.

With this payment method, customers do not need to carry credit cards, ATMs... do not need to try to remember long series of numbers and do not need to wait to press "Next" many steps to complete the payment. The total payment time is only a few minutes.

Thanks to the support of technology, buying cars for Vietnamese tycoons is becoming more and more convenient. Success is no longer shown through bundles of cash or having many bank cards, but instead is the approach and use of technology to serve life.

According to VNE