The cheapest cars when import tax is 0%

According to experts, in 2018 when car import tax is 0%, consumers should buy cars such as: Ford Fiesta, Focus, Toyota Vios, Corolla Altis...

According to the plan, by January 1, 2018, the import tax on cars will be reduced to 0%. Many people believe that with this reduction, Vietnamese consumers will be able to own cars at prices equal to those in Thailand, Malaysia, etc.

In general, when the import tax on cars is reduced to 0%, the price of many imported cars will decrease, but the decrease will depend on the type of car and many factors. So at that time, which car should consumers buy to get the most benefit? And which car is worth waiting for until the import tax is reduced to 0%?

When car import tax is reduced to 0%, the price of many imported car models will decrease, but how much depends on many factors.

According to experts, even if import tax is reduced to 0%, domestic car prices are unlikely to decrease significantly in 2018. Because in addition to import tax, we still have many other tariff and non-tariff "barriers", and they are not affected by free trade agreements or international commitments. Typical examples include special consumption tax, value added tax, registration fees, import quotas, road fees, etc. Changing these taxes and fees can significantly change the price of imported cars, and we do not yet know what the final result will be.

Furthermore, to enjoy preferential tax rates in the ASEAN region, a car model must meet a 40% localization rate for spare parts. This is a detail that is rarely mentioned when car manufacturers announce technical specifications, so it is not easy to determine and if there are, the number of cars that meet this standard in Vietnam is not much, each car manufacturer usually only has 1-2 models. This means that only a very few car models imported from ASEAN are subject to tax reduction and can be discounted.

According to experts, even if import tax is reduced to 0%, domestic car prices are unlikely to decrease significantly in 2018.

Thus, it can be seen that the car models with discounts in 2018 are not many, mainly popular cars assembled domestically in segments A, B, C and have engines under 2.0 liters such as: Ford Fiesta, Focus, Toyota Vios, Corolla Altis...

In general, when the import tax on cars is reduced to 0%, the price of many imported cars will decrease, but the decrease will depend on many factors. Therefore, consumers should still consider buying a car based on their actual needs and circumstances, instead of waiting.

According to VNN