True Cost per km Calculator

Beyond the purchase price, owning a car in Vietnam involves annual depreciation (typically 10–20% of value), compulsory and voluntary insurance (3–8 million VND/year), maintenance and registration fees (2–5 million VND/year), and fuel. For a mid-range car driven 15,000 km/year, the true cost is often 2,500–4,000 VND per kilometre.

New cars in Vietnam typically depreciate 15–25% in the first year and 10–15% in subsequent years. A 500 million VND car may lose 75–125 million VND in value in year one. Luxury and imported vehicles depreciate faster due to high import taxes making resale values lower.

For most urban residents driving under 10,000 km/year, ride-hailing (Grab, Be) is often cheaper when you factor in the true cost per km of ownership. Car ownership becomes more economical above 15,000–20,000 km/year, especially for families or those with regular intercity travel.