Race Cars Racing to Eliminate 100% Registration Fees

Many car brands are continuing to provide 100% pre-tax fee support for customers in June. Photo: Nissan Vietnam.

The Vietnamese automobile market has not shown positive signs near the end of Q2 despite various promotional campaigns. In order to attract customers, many brands have extended their promotions in June.

Mitsubishi reduces the pre-tax fee by 100%

Mitsubishi Vietnam recently announced a promotion program for almost all of its products. Customers who purchase Mitsubishi models in June will receive 100% pre-tax fee support. This promotion is part of the car manufacturer’s “3 zeros” program, which aims to stimulate demand and clear inventory of 2022 VIN models.

One of the models, the 7-seater SUV Pajero Sport, currently offers the highest discount of up to 200 million VND. Customers who purchase Pajero Sport in June will receive 100% pre-tax fee support, 0% interest rate incentive for the first 6 months, or 6% for the first year.

In addition, customers will also receive one year of physical insurance. The Pajero Sport, a Japanese brand SUV, has only sold 301 units in Vietnam in the first 4 months of this year.

Pajero Sport is the model with the highest incentive from Mitsubishi in June. Photo: Toan Thien.

Same as Pajero Sport, Mitsubishi Xpander also offers 100% pre-tax fee support and similar interest rate incentives. Additionally, customers who purchase the 2022 VIN Xpander will receive an additional 360-degree panoramic camera worth 20 million VND and one year of physical insurance.

The Mitsubishi Triton pickup with the 2022 VIN has a total incentive of up to 110 million VND. In addition to the pre-tax fee and interest rate support in the “3 zeros” program, customers who purchase the Triton pickup model in June will receive an additional one year of physical insurance and a roll cover worth 20 million VND.

For the C-class SUV Outlander, Mitsubishi has announced a 50% pre-tax fee discount and includes a complimentary 360-degree camera worth 20 million VND.

According to a consultant at a Mitsubishi dealer in Hanoi, the incentive program currently only applies to 2022 production vehicles. However, if there is a need to purchase 2023 VIN models, customers will still receive a discount equivalent to 50% pre-tax fee support and a complimentary genuine accessory package.

Nissan models reduced by up to 120 million VND

In June, Nissan Vietnam also joins in the price reduction and offers pre-tax fee incentives to compete with other domestic competitors. The Nissan Almera model currently enjoys an incentive of up to 70 million VND. As a result, the listed price has been reduced to only 469-525 million VND depending on the version.

Nissan Almera is reduced by 70 million VND in June. Photo: Mototrivia.

The Nissan Navara pickup currently has the highest discount in this promotion, up to 120 million VND. The EL 2WD version is reduced by 80 million VND, bringing the price after incentives to 619 million VND. The VL 4WD and PRO-4X versions are reduced by 120 million VND. After the promotion, the prices for these two versions are 825 million VND and 850 million VND respectively.

Although the Nissan Kicks e-Power is not eligible for 100% pre-tax fee support in June, it is still reduced by 80-90 million VND, which is equivalent to about 85% of the pre-tax fee. After the price reduction, the price of the Nissan Kicks E version is reduced from 789 million VND to only 709 million VND. In the V version, the price of the car is reduced by 90 million VND and is currently at 768 million VND.

Volkswagen and Honda CR-V also offer 100% pre-tax fee support

Volkswagen Vietnam, after a long time offering a 50% pre-tax fee incentive, has also increased the discount to 100% for its 2 7-seater SUVs: Teramont and Tiguan.

Specifically, the Volkswagen Teramont is currently listed at about 2.499 billion VND. After the promotion, the price of this 7-seater SUV model is only about 2 billion VND. Meanwhile, the Volkswagen Tiguan also enjoys a discount equivalent to 200 million VND. After the incentive, the price of the Tiguan is currently about 1.799 billion VND.

Both SUV models with incentives from the German brand were just launched in the Vietnamese market in Q4/2022. With a significant incentive program and improvements in terms of engine and interior, the Volkswagen Tiguan will be more competitive compared to luxury models like the Mercedes GLC300 4Matic or the Lexus NX300.

Volkswagen Tiguan also enjoys 100% pre-tax fee support in June. Photo: Anh Xuan.

In June, Honda Vietnam continues to provide 100% pre-tax fee support, which is equivalent to a maximum value of 136 million VND for the CR-V, depending on the version and place of registration.

This incentive program applies to customers who sign a purchase contract for a Honda CR-V and complete all payment procedures from June 5th to the end of June 30th. Additionally, customers who purchase during this period will also receive complimentary one-year physical insurance and a genuine accessory package.

The Honda CR-V is currently distributed in Vietnam with 4 versions, with listed prices ranging from 998 million VND to 1.138 billion VND. After the incentive, the price of the Honda CR-V will be reduced to a range from 948 million VND to 1 billion VND.

Volkswagen Tiguan also enjoys 100% pre-tax fee support in June. Photo: Anh Xuan.

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