VinFast has announced a Residual Value Guarantee (RVG) Programme in the Philippines that protects up to 90% of the vehicle’s original price after six months, 86% after one year, 78% after two years and 70% after three years, subject to vehicle inspection.
The programme applies to the entire VinFast product line-up in the Philippines, from the little VF3 to the huge VF9, and is available to new buyers. There, VinFast offers a 10-year vehicle warranty, three years’ free charging at V-Green stations as well as 24-hour technical support and roadside assistance.
“With a residual value guarantee of up to 90% of the vehicle’s list price, VinFast aims to make EV ownership more accessible and reassuring for Filipino consumers. When combined with our other support programs, we believe electric vehicles will soon become a natural and reliable choice for households and individual users across the Philippines,” said VinFast Southeast Asia CEO Antonio Zara.
Resale value (or lack thereof) remains one of the biggest arguments against EV ownership, not helped by carmakers slashing RRPs as they fight a price war. Perodua is expected to introduce a battery-leasing option with its upcoming EV to counter this (since the battery makes up most of the cost of the EV). Time will tell if this works in practice, but in the absence of this, do you think EV brands in Malaysia should introduce some kind of RV-protecting buy-back/trade-in scheme? Would they consider it?
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you buy a car because you need a car for its purpose. Buying a car is not investment for gain but for comfort and usage. want to retain value go invest in FD or stock market ya. So i don’t think there is a need to even consider how to retain a car’s value. you go to a showroom, you see and test the car. you like it and willing to pay for the price. transaction done then end of story. Why need to compare price a year later and feel sour about it ?
For ICE cars after 5 years warranty period over . Owners prefer to trade in for new cars probably to avoid dealing with out of warranty break down issues.Some people see owning cars like a lease . Definitely the intention is not for investment.
because some people change car quite often like every 3-4 years so resale value is a very real concern and it can come to 5-figures difference each change.
The thing is at the rate Vinfast is hemorrhaging money now, the company likely won’t last for 3 years to meet their guarantees and warranties. Seems like another thinly disguised scam like their IPO offering in USA.