VinFast announces the best car loan policy on the market
VinFast is making waves in the end-of-year car market by announcing a special financial support policy for all its electric car models. Specifically, customers can finance up to 70% of the car’s value, with a fixed interest rate of 5% for the first 2 years. For the following 3 years, the fixed interest rate will not exceed 8%. If the actual interest rate is below 8%, customers will pay based on the actual interest rate. If the actual interest rate is above 8%, customers will only have to pay 8%, and VinFast will cover the difference.
This policy is applicable from now until February 29th, for customers who borrow from 4 major banks: Vietcombank, Vietinbank, BIDV, and Techcombank.
Industry observers believe that VinFast’s financial solution helps customers overcome the two biggest concerns when buying a car: high initial capital and high floating interest rates. For example, with just 140 million VND, customers can own a VinFast VF 5 with a total monthly cost of 6.34 million VND, including both principal and interest. This not only saves customers on the initial capital, but also gives them control over monthly financial resources, regardless of interest rate fluctuations.
Interest rate calculation for VinFast electric car loans under the preferential policy (fixed interest rate of 5% for the first two years, 8% for the following 3 years)
With VinFast’s new policy, customers have the flexibility to choose their preferred form of incentives. If customers choose not to borrow, they will receive 2 years of free battery rental and 2 years of free charging at VinFast charging stations (depending on the car model). The total value of the gifts ranges from 38.4 to 128.4 million VND.
If customers choose to buy the car with the battery, the amount equivalent to 2 years of battery rental will be deducted from the car’s price.
Gifts for customers who do not use the preferential interest rate policy
With these significant benefits, experts agree that it is difficult to find any other car manufacturer in the market that offers such good policies as VinFast. These incentives help users reduce financial burdens and easily access smart electric car models.
Low operating and usage costs – the advantages of electric cars
In addition to the financial solutions that make it easier for customers to own cars, VinFast electric car models offer peace of mind with lower tire-rolling costs, energy costs, as well as maintenance costs compared to gasoline cars in the same segment.
Specifically, electric cars receive a 100% vehicle registration tax discount, making the total cost nearly equivalent to the listed price. On the other hand, gasoline cars have to pay an additional 10-12% of the car’s value (depending on the location) as vehicle registration tax, resulting in a difference of tens to hundreds of millions of VND in total cost.
In addition, electric car users can save a significant amount on energy costs compared to those using internal combustion engine vehicles. According to calculations, if traveling 3,000 km per month, VF 5 users only need to spend 1.2 million VND on charging (about 400 VND per km) if they buy the battery, or 2.8 million VND if they rent the battery. Meanwhile, gasoline cars in the same segment consume about 4.6 million VND (7 liters of gasoline per 100 km mixed roads).
Maintenance costs are also significantly lower for electric car owners. On average, gas car owners have to spend around 1.5-2 million VND on maintenance every 5,000 km. Meanwhile, the regular maintenance interval for electric cars is much longer, up to 12,000 km for the first maintenance session, with a cost of less than 1 million VND.
In addition, all VinFast car models come with a warranty period of 7-10 years, double or even triple the duration offered by gasoline cars. VinFast also offers excellent after-sales policies, including 24/7 rescue service, mobile repair service, 24/7 mobile charging service, special support policies for incidents caused by manufacturing defects, and a commitment to repurchase used cars after 5 years of use.
According to assessments, the combination of low usage costs, affordable car prices, and the best incentive policies on the market will boost VinFast’s sales and provide a boost for the car market during this Lunar New Year.
TT (Tuoitrethudo)
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