After buying a Hyundai Santa Fe for 1 year, Vietnamese customers said the car had lost 700 million VND in value

After buying a Hyundai Santa Fe for 1 year, Vietnamese customers said the car had lost 700 million VND in value 5

(Dan Tri) – New car prices have dropped sharply, plus a 50% registration incentive, causing the current on-road price of Hyundai Santa Fe to decrease by about 350 million VND compared to the same period last year, and this makes used cars even more expensive.

After Hyundai Santa Fe’s proposed retail price was adjusted to a reduction of up to 176 million VND, many users were `relieved` as they had not yet decided to spend money.

New selling price of Hyundai Santa Fe applies from October 6 (Unit: Dong).

As for those who buy Hyundai Santa Fe cars from 2022, even though they know that the price increases or decreases depending on the market’s needs and their own decisions, according to some customers, this adjustment is considered “

Mr. Nguyen Duc Hiep (living in Hai Ba Trung, Hanoi) is an example.

`At that time, Santa Fe was still quite short of stock. If you wanted to receive the car early, you had to buy an accessory package worth nearly 100 million VND. The registration fee in Hanoi was still 12% of the car’s value, costing about 165 million VND more.

After 1 year of using Hyundai Santa Fe, users lost money equivalent to a whole new B-SUV (Photo: Dao Thanh Long).

By 2023, the car supply is more abundant than the purchasing power, Santa Fe no longer has the `beer with peanuts` situation, and even has a dealer discount of hundreds of millions of dong.

Now, with the company adjusting the price down to 176 million VND, plus the Government’s policy of reducing registration fees by 50% for `domestic` cars, the amount of money to roll the Premium Diesel Hyundai Santa Fe in Hanoi

Meanwhile, high-end 2022 Santa Fe Diesels with Hanoi license plates are being sold on the used car market for about 1.1-1.15 billion VND.

Mr. Hiep calculated that if he sold the car at the present time, he would lose about 700 million VND for 1 year of use.

Experts say that TC Motor adjusted the proposed retail price of Hyundai Santa Fe to separate it from the new Palisade model launched in September (price from 1,469-1,589 billion VND).

After buying a Hyundai Santa Fe for 1 year, Vietnamese customers said the car had lost 700 million VND in value

Compared to Santa Fe, Hyundai Palisade is more spacious because it is in class E, and the design and equipment are also superior (Photo: TC Motor).

Another reason is that the entire car market in Vietnam recorded weak purchasing power, almost all products were discounted, so Hyundai Thanh Cong is no exception.

For example, the popular car model in the C-class crossover segment, the Mazda CX-5, had a mid-life upgrade in early July. But the most notable change was the selling price when Thaco reduced it by up to 90 million VND compared to

In addition to the Santa Fe, the CX-5’s competitor, the Tucson, also had its suggested retail price adjusted from October 6.

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