Vinfast Residual Value Guarantee: Built for the gradual long run
Don’t imagine the sudden burst of energy in a sprint. But rather think of a marathon. The long, slow journey of a runner on the vast wide road. That’s how Vinfast Philippines would like to picture itself in its relationship with the Filipino car buyer.
“It’s not a one-time transaction,” shared the company’s marketing, Tim Timoteo during its latest “Residual Value Guarantee” program launch held at Manila House in Bonifacio Global City in Taguig.
This RVG Program, according to the Vietnamese carmaker, provides a guaranteed vehicle value of up to 90 percent of the original price.
This process gives more confidence when transitioning to electric vehicles, which then reaffirms the company’s long-term commitment to the Philippine market.
Timoteo even underscored this commitment with a parallelism with the renowned Filipino word: “Suki”, which means a frequent buyer of a specific “favorite” seller.
“The suki’s relationship to the seller is that they know them, they understand their needs and wants,” he shared.
Per the company, VinFast will apply a guaranteed residual value plan based on a fixed annual depreciation schedule. After the vehicle is inspected and confirmed to meet eligibility criteria, the maximum guaranteed residual values are set at 90 percent after six months of use, 86 percent after one year, 78 percent after two years, and 70 percent after three years.
This program caters to Vinfast’s entire vehicle lineup in the country.
The program is the latest in a series of customer-centric solutions the company is focused on. This aims to easily facilitate the transition to electric vehicles.
Earlier initiatives include a vehicle warranty of up to 10 years, three years of free charging at stations operated by strategic partner V-Green, flexible financing options, and 24-hour technical support and roadside assistance.
“With a residual value guarantee of up to 90 percent of the vehicle’s list price, VinFast aims to make EV ownership more accessible and reassuring for Filipino consumers,” meanwhile said Vinfast Southeast Asia CEO, Antonio Zara.
“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,” he added.
“This program reflects our long-term commitment to the market and reinforces our strong belief in the quality of our products.”
