What Cars Can You Buy on a 300 Million VND Budget?

Saving up for a car is an exciting milestone, and with a budget of around VND 200-300 million, there are some great options to consider. This budget is a popular choice for young people looking to buy their first car, offering convenience and protection from the elements.

So, what can you get for VND 300 million? Let’s take a look at some new and used car options that will have you driving in style.

New Mini Electric Cars

If you’re looking for a brand new set of wheels, electric cars are the most affordable option within this budget. The Wuling MiniEV, for instance, is the most affordable electric car on the market, with a price range of VND 197-234 million depending on the color and range. The VinFast VF 3 is another excellent choice, offering more space for a slightly higher price of VND 299 million.

The Wuling MiniEV (left) and VinFast VF 3 (right) are great options for those on a budget.

While the Wuling MiniEV is perfect for 1-2 people, the VinFast VF 3 offers more space and can comfortably seat four. It’s also worth noting that VinFast has a wide network of charging stations, making it a more convenient choice.

Used Hatchbacks

If you’re open to buying a used car, you’ll have more options within your budget. Sites like Chợ Tốt Xe offer a great selection of used hatchbacks, such as the Kia Morning, Hyundai Grand i10, and Toyota Wigo, priced between VND 200-300 million.

A used Kia Morning 2022, for example, can be found for around VND 280 million.

When buying a used car, don’t forget to factor in additional costs like registration and ownership transfer fees, which can range from VND 150,000 to VND 500,000. You’ll also need to pay a 2% vehicle registration tax based on the residual value of the car.

Older Sedans

With a budget of around VND 300 million, you can also consider older sedans. For instance, a 2016-2017 Toyota Vios can be found within this price range, with a 2017 model selling for VND 268 million on Chợ Tốt Xe. If you’re looking for an automatic, the Hyundai Accent holds its value well in the used car market, so you can find 2014-2015 models within your budget.

A 2017 Toyota Vios (left) and a 2014 Hyundai Accent (right) are both available for under VND 300 million on the used car market.

However, it’s important to note that buying a car that’s over five years old may not be the best choice, especially if you’re new to purchasing used cars. To avoid potential issues, it’s recommended to buy from a reputable seller and have the car inspected by a professional.

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