How much down payment do I need to pay to buy a Vario 150 in installments? 1
How much down payment do you need to pay in advance to buy a Vario 150 in installments is a question of many people.
How much does it cost to buy a Vario 150 in installments?
When choosing to buy Vario 150 in installments, you need to determine which installment method you will choose and how much you need to pay in advance.
Below are the procedures and interest rate calculation table when buying a Vario 150 car in installments, according to each method.
To buy Vario 150 in installments through a financial company, you can refer to the procedures below.
Step 1: First, you need to know how much you will have to pay in advance, it could be 30%, 40% or 50% of the product’s value.
Step 2: Prepare the necessary documents (notarized photocopy of household registration, driver’s license, ID card, proof of income) and the required amount to pay in advance.
Step 3: Apply for a car loan through financial companies.
Step 4: Pay the amount due in advance according to the contract.
Step 5: Carefully read the terms of the contract, then sign and receive the vehicle.
Interest rate calculation table for buying a Vario 150 car through a finance company:
| Sonic 150 car price | 51,200,000 VND | 51,200,000 VND | 51,200,000 VND |
| % Prepay | 30% | 40% | 50% |
| Prepaid amount | 15,360,000 VND | 20,480,000 VND | 25,600,000 VND |
| Loan required | 35,840,000 VND | 30,720,000 VND | 25,600,000 VND |
| Interest paid each month | |||
| 6 month package | 1,171,968 VND | 1,004,544 VND | 837,120 VND |
| 9 month package | 896,000 VND | 768,000 VND | 640,000 VND |
| 12 month package | 627,200 VND | 537,600 VND | 448,000 VND |
| Principal paid each month | |||
| 6 month package | 5,973,333 VND | 5,120,000 VND | 4,266,667 VND |
| 9 month package | 3,982,222 VND | 3,413,333 VND | 2,844,444 VND |
| 12 month package | 2,986,667 VND | 2,560,000 VND | 2,133,333 VND |
| Total amount to be contributed each month | |||
| 6 month package | 7,145,301 VND | 6,124,544 VND | 5,103,787 VND |
| 9 month package | 4,878,222 VND | 4,181,333 VND | 3,484,444 VND |
| 12 month package | 3,613,867 VND | 3,097,600 VND | 2,581,333 VND |
The necessary condition to use the installment purchase method via credit card is that the consumption limit in your credit card account must be greater than or equal to the value of the Vario 125 car.
With installment purchases via credit card, you will not have to pay monthly interest fees but only pay a conversion fee of 4-6% of the loan value.
How much does it cost to buy a Vario 150 in installments?
In addition, when buying in installments via credit card, you also have the option to pay in full installments without having to pay a certain amount in advance like paying in installments through a financial company.
Let’s refer to the procedure and conversion fee table when buying Vario 150 via credit card.
Step 1: Find out which car dealers support installment purchases via credit card.
Step 2: Ask the agent staff to help create a link to make installment payments.
Step 3: Fill in the required information in the link.
Step 4: Wait for the dealer to confirm the successful transaction and receive the vehicle.
Conversion fee table when buying Vario 150 in installments via credit card:
| Vario 150 car price | 51,200,000 VND | 51,200,000 VND | 51,200,000 VND |
| Prepaid amount | 15,000,000 VND | 25,000,000 VND | 35,000,000 VND |
| Loan required | 36,200,000 VND | 26,200,000 VND | 16,200,000 VND |
| Conversion fee paid in installments | |||
| 6 month package | 1,448,000 VND | 1,048,000 VND | 648,000 VND |
| 9 month package | 1,810,000 VND | 1,310,000 VND | 810,000 VND |
| 12 month package | 2,172,000 VND | 1,572,000 VND | 972,000 VND |
| Principal paid each month | |||
| 6 month package | 6,033,333 VND | 4,366,667 VND | 2,700,000 VND |
| 9 month package | 4,022,222 VND | 2,911,111 VND | 1,800,000 VND |
| 12 month package | 3,016,667 VND | 2,183,333 VND | 1,350,000 VND |
Below are some frequently asked questions when consumers intend to buy a Vario 150 in installments.
How much does it cost to buy a Vario 150 in installments?
There are two main forms of installment buying: Buying in installments through financial companies or buying in installments via credit card.
If you buy in installments through a finance company, you will have to pay a minimum amount of 20% of the product value in advance.
For installment purchases via credit card: You only need to prepare your credit card and ID card.
For installment purchases through financial companies: Notarized photo of household registration or driver’s license, ID card, proof of income.
With the form of buying Vario 150 in installments through a finance company: The minimum amount you need to pay in advance is equivalent to 20% of the value of the Vario 150, about 10,240,000 VND.
With the form of purchasing Vario in installments via credit card: You can choose the complete installment payment method without needing to pay any amount in advance.
