10 Apr 2023
In order to improve the reputation of the brand, VinFast has committed to buying back old electric cars if customers want to resell after the first 5 years.
Accordingly, on the depreciation rate over the years of use, VinFast commits to refund after 5 years for electric cars being traded in the market. With this policy, car users can be completely assured when choosing to use VinFast electric cars, especially the residual value of the product after 5 years of use.
After 5 years of using the car, if the customer wants to resell, VinFast (or a third party supportively arranged by VinFast) will buy at the remaining price, or VinFast will compensate the difference for the customer if the actual resale price is lower than the remaining price. This policy only applies to first-time vehicle buyers in 2022, 2023 and 2024.
The selling and purchasing price of VinFast’s used cars will be based on the VIN number – the year of vehicle production – and will be priced accordingly for each year. Specifically, the purchase level of electric car models VF 5, VF e34, VF 8 and VF 9 will fluctuate from 85% – 90% after 1 year of use and by the 5th year, the purchase price is equivalent to 53% – 66% of the original car value. After 1 year of use, the car depreciates by 10% – 15% and from the 2nd year onwards it is 6% per year.
VinFast also sets out conditions that customers who want to sell cars after 5 years of use must fully meet such as: the car must not be used for transportation business purposes; travel less than 35,000 km per year; must be fully maintained genuine; or has no big crashes or strikes.
Since VinFast’s car selling price often varies according to each promotion and voucher, the calculated price in this case is also publicly announced by the company. Specifically, the remaining prorated price is the price after removing all promotions.
For example, VF e34 new price is 710 million VND, after minus 190 million of VinFast vouchers and 30 million of Green Living vouchers, the final price used to calculate is 490 million VND. Therefore, the annual depreciation value of VinFast VF e34 will be 490 million VND as the new price, will become 441 million after the first year, 411.6 million after the 2nd year, 382.2 million after the 3rd year, 352.8 million after the 4th year and 323.4 million VND after the 5th year.
Source: autobikes.vn
