Notable 300 million car options in Vietnam

With 300 million VND, Vietnamese people have very few options to buy a new car. Below are some models worth buying in this price range.

Vietnam is a country with some of the most expensive car prices in the world. With around 300 million VND (15,000 USD), consumers have very few options for new cars. Therefore, many people accept using used cars. Below are some suggestions for car models worth buying in the 300 million VND price range in Vietnam today.

New Chevrolet Spark Van (VND 259 million)

The Chevrolet Spark Van only has 2 seats, because the rear part has the seats removed to turn into a cargo box. Because the rear seats are removed, this model is classified as a pickup truck, enjoying a preferential special consumption tax rate of only 15%.

Chevrolet Spark Van is inconvenient because it can only carry 2 people but has a low price.

For those who want to find a cheap car model and do not like old cars, the Chevrolet Spark Van is the right choice.

Advantages: beautiful design, fuel efficient with 0.8 liter engine, easy to control in the city.

Disadvantages: can only carry 2 people, engine is a bit weak.

BMW 318i 2003 (VND 300 million)

The BMW 318i was once a dream car in the early 21st century. Currently, the lowest priced new BMW 3 Series is the 320i, priced at 1.4 billion VND.

In today's used car market, with about 300 million VND, consumers can buy a 2003-2004 BMW 318i that is still in good working condition.

BMW 318i has a beautiful design and sturdy body.

Advantages: German car brand, safe, few breakdowns.

Old age, may need to replace electrical system, cooling system, shock absorber system overhaul, expensive replacement parts.

Kia Morning Van (VND 272 million)

Similar to Spark Van, Morning Van is essentially a compact hatchback in segment A but the rear seats are removed to enjoy the tax rate like a pickup truck. While the 5-seat Morning has the lowest price of up to 330 million VND, Morning Van is sold for only 250 to 300 million VND depending on equipment.

Morning Van has a spacious rear storage compartment. Photo: Danhgiaxe.

Another advantage of this model is that the registration fee is only 2%, similar to trucks, so the registration fee does not increase much. Meanwhile, if you buy a 5-seat Morning, the registration fee is 10-12%, or about 33-40 million VND.

Advantages: Beautiful design, no different from the 5-seat version. Cheap price, small engine, fuel efficient.

Disadvantages: Only has 2 seats, inconvenient for the whole family to use. Because it is registered as a truck, it is prohibited on certain routes.

Toyota Corolla Altis 2003 (275 million VND)

Corolla Altis is a famous car model for its durability and economy. Although its appearance is not as outstanding as Korean cars, Corolla Altis is still used by many people. This is the second best-selling car model in the US in 2015.

In Vietnam, the 2003 Corolla Altis G, 1.8L capacity, is for sale for around 275-300 million VND.

Toyota Corolla Altis has a dull design but is durable and easy to resell.

Advantages: durable, cheap replacement parts, easy to resell.

Disadvantages: Too old, many parts need to be replaced. The design is not outstanding.

Toyota Zace MT 2004 (300 million VND)

Toyota Zace is a 7-seater car, the predecessor of Innova. Old cars, manufactured since 2004, will cost around 300 million VND.

Toyota Zace has a thicker shell and better sound insulation than Innova.

Advantages: 7-seat family car, convenient for long trips. Toyota brand is easy to buy and resell in Vietnam. The car is more solid and smoother than Innova, better soundproofing due to thicker Zace shell.

Disadvantages: Old engine technology, no ABS, airbags, uses leaf springs so not smooth.

According to VNN