Pickup trucks, known for their versatility in carrying both passengers and cargo, have long benefited from preferential registration fee policies compared to passenger cars. However, recent regulatory changes have prompted many owners and prospective buyers to pay closer attention to this cost. This article from Xe Tải Mỹ Đình, a website specializing in trucks and pickup trucks, provides detailed and up-to-date information on pickup truck registration fees in 2024, helping readers understand and prepare their finances when deciding to own this type of vehicle.
Previously, pickup trucks were considered a hybrid between passenger cars and trucks, so the registration fee was significantly lower than that of regular passenger cars. This created a considerable advantage for pickup truck buyers, especially those who needed a vehicle for both work and family use. However, the popularity of pickup trucks as a daily mode of transportation in urban areas has raised new issues regarding tax and fee policies.
A driver needs to understand the car registration fees to be financially proactive.
Changes in Pickup Truck Registration Fee Regulations
According to the old regulations in Circular No. 229/2016/TT-BTC, the registration fee for pickup trucks was only 60% of the registration fee for passenger cars. This meant that, depending on the locality, the registration fee for pickup trucks ranged from 6% to 7.2% of the vehicle’s value. Compared to the 10% – 12% for passenger cars in Hanoi and Ho Chi Minh City, this fee was clearly much more preferential.
However, recent changes in policy have gradually adjusted the registration fee for pickup trucks, moving closer to the fee for passenger cars. The purpose of this adjustment is to manage and classify vehicles more appropriately with actual use, while ensuring state budget revenue.
A visual representation shows a fee comparison chart for pickup trucks and passenger cars before and after the policy changes.
Current Pickup Truck Registration Fee and Calculation Method
Currently, according to the latest regulations, the registration fee for pickup trucks has been significantly adjusted. Although not yet completely equal to passenger cars, the preferential gap has narrowed. To know the exact registration fee for pickup trucks at the present time, you need to understand the following factors:
- Vehicle value: The registration fee is calculated based on the value of the pickup truck at the time of registration. This value is usually the manufacturer’s listed price or the remaining value of the vehicle (for used vehicles).
- Percentage of registration fee: This percentage is determined by the People’s Council of the province or city directly under the central government, but usually ranges from 6% to 10%. Large cities such as Hanoi and Ho Chi Minh City often apply higher rates.
Formula for calculating pickup truck registration fee:
Registration fee = Vehicle value x Percentage of registration feeExample:
You buy a pickup truck with a listed price of VND 800 million in Hanoi. The registration fee for pickup trucks in Hanoi is 6% (for example).
The registration fee you have to pay is: VND 800,000,000 x 6% = VND 48,000,000.
To know the exact registration fee being applied in your locality, contact the tax authority or sub-department of taxation where you register the vehicle.
Impact of Registration Fees on Pickup Truck Purchase Decisions
The fact that the registration fee for pickup trucks is no longer as “easy” as before will certainly affect the purchasing decisions of many people. The on-the-road cost of a pickup truck, including registration fees, license plate registration fees, civil liability insurance, road maintenance fees, etc., will increase, making the total initial cost of ownership significantly higher.
However, pickup trucks still maintain their position as an attractive choice thanks to their inherent advantages:
- Powerful performance: Powerful diesel engine, good off-road capability.
- High versatility: Comfortable for carrying people and convenient for carrying goods.
- Rugged, personal design: Suitable for many customer segments.
A pickup truck is still a priority choice for many users thanks to its versatility and power.
In the context of a competitive car market, car manufacturers have also quickly launched promotions and discounts to stimulate consumption, especially for pickup trucks. This is a good opportunity for those who intend to buy a pickup truck to take advantage of to reduce the cost burden.
Advice From Xe Tải Mỹ Đình
As an expert on trucks and pickup trucks, Xe Tải Mỹ Đình advises readers to carefully consider financial factors before deciding to buy a pickup truck in the context of changes in registration fees. Find out the current registration fee in your locality, compare promotions from car manufacturers, and calculate the total on-the-road cost to make the decision that best suits your needs and financial capabilities.
If you need more detailed consulting information about pickup trucks and related procedures, do not hesitate to contact Xe Tải Mỹ Đình for the best support.
