The cost of buying a truck goes beyond just the listed price at the dealership. To legally operate your vehicle, you need to account for several additional fees. This article breaks down the essential costs associated with purchasing a truck, helping you accurately budget for your investment.
Breakdown of truck purchasing fees, illustrating various costs associated with buying a truck
Truck Purchase Fees: An Overview
On-road costs for trucks include the dealership price plus the following taxes and fees:
- Vehicle registration tax: 2% of the vehicle’s value.
- Vehicle registration fee.
- Vehicle inspection fee (based on vehicle tonnage).
- Road maintenance fee (based on vehicle tonnage).
- Civil liability insurance (based on vehicle tonnage).
- Vehicle body insurance (optional, based on vehicle tonnage).
- Other miscellaneous fees…
Detailed Breakdown of Fees
1. Vehicle Registration Tax for Trucks
The vehicle registration tax for cars and trailers is 2% of the vehicle’s value as stated on the invoice.
2. Truck License Plate Fee
Fees for new truck license plates vary by region:
- Region 1 (Hanoi, Ho Chi Minh City): 500,000 VND.
- Region 2 (Cities, Towns): 150,000 VND.
- Region 3 (Remaining areas): 150,000 VND.
3. Vehicle Inspection Fee for Trucks
After registration, you must have your truck inspected for quality before it can be driven legally. The vehicle inspection fees for trucks are regulated according to the following table:
| No. | Vehicle Type | Inspection Fee | Service Fee | Total Cost |
|---|---|---|---|---|
| 1 | Trucks over 20 tons | 560,000 VND | 50,000 VND | 610,000 VND |
| 2 | Trucks from 7 to 20 tons | 350,000 VND | 50,000 VND | 400,000 VND |
| 3 | Trucks from 2 to 7 tons | 320,000 VND | 50,000 VND | 370,000 VND |
| 4 | Trucks up to 2 tons | 280,000 VND | 50,000 VND | 330,000 VND |
4. Road Maintenance Fee for Trucks
Road maintenance fees are regulated by Circular 70/2021/TT-BTC, based on the vehicle’s total tonnage. Total tonnage = Vehicle weight + cargo weight (the permissible total weight for traffic participation as stated on the inspection certificate).
Certain vehicles are exempt from road maintenance fees, such as ambulances, fire trucks, and vehicles serving national defense and security.
5. Civil Liability Insurance
Civil liability insurance is mandatory for vehicle owners. Insurance fees are regulated by Circular 04/2021/TT-BTC, effective from March 1, 2021, and depend on the vehicle type and tonnage.
6. Vehicle Body Insurance
Vehicle body insurance is often mandatory for customers purchasing vehicles on installment plans. The fee is approximately 1.35% – 1.8% of the vehicle’s value, depending on the insurance company.
7. Other Fees
In addition to the above fees, there are other costs such as:
- License plate stamping fee.
- Logo and decal application fee.
- Dashcam and GPS tracker installation fee.
Example Calculation of On-Road Costs
Example of on-road costs for a Howo MAX 440 hp tractor truck:
| No. | Fee | Amount |
|---|---|---|
| 1 | Vehicle price (VAT included) | 1,340,000,000 VND |
| 2 | Vehicle registration tax (2%) | 26,800,000 VND |
| 3 | Registration fee, license plate stamping, decal application | 1,000,000 VND |
| 4 | Vehicle inspection fee | 610,000 VND |
| 5 | Road maintenance fee | 17,160,000 VND |
| 6 | Civil liability insurance | 5,280,000 VND |
| 7 | Vehicle body insurance (1.8%) | 24,120,000 VND |
| 8 | Dashcam, GPS tracker | 5,000,000 VND |
| 9 | Vehicle operation permit | 1,000,000 VND |
| Total on-road costs | 1,420,970,000 VND |
Note: This is an illustrative example and does not include any potential additional fees or dealership promotions. For accurate cost information, please contact a truck dealership.
