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VINFAST PARTNERS WITH FCA BANK, REVEALS VF 8 AND VF 9 MONTHLY PAYMENT DETAILS IN EUROPE

19-05-2022

Paris, France, May 19, 2022 – VinFast has signed a Cooperation and Service Agreement with FCA Bank – a leader in mobility financial services, to provide a wide range of innovative and flexible financial services for VinFast EVs in Europe. 

According to the agreement, the initial leasing contracts for VF 8 and VF 9 will be implemented in the three key markets of Germany, France, and the Netherlands, which apply VinFast’s Fixed battery subscription plan during the VinFirst program. After the VinFirst program ends on May 30, 2022, VinFast and FCA will roll out more financial options for customers.

In Germany, the monthly leasing cost of a VF 8 will start from €499. Although the first installment is €8,650, customers only have to pay the €150 reservation fees. Most of the remaining cost is reduced by the €6,000 government bonus (for delivery in 2022) and a €2,500 e-voucher from the VinFirst program.

A monthly leasing contract for a VF 9 will start from €699 per month. The first installment is €11,350, and customers only have to pay €2,150 for the deposit and reservation fees. The €9,200 remaining cost is composed of a €5,000 government bonus (for delivery in 2022) and a €4,200 VinFirst e-voucher.

In France, the monthly payment of a VF 8 will start from €599. Although the first installment is €4,650, the down payment ultimately drops down to just €1,150 after deducting a €1,000 government bonus (where eligible) and a €2,500 VinFirst e-voucher. 

A leasing contract for a VF 9 will start from €899 per month, and the first installment of €6,350. However, after deducting the €4,200 VinFirst e-voucher, the resulting down payment is just €2,150. 

All leasing contracts in Germany and France have the same period of 37 months.

In the Netherlands, the leasing contracts are for 60 months. The monthly cost of a VF 8 will start from €599. After deducting a total value of a €2,500 VinFirst e-voucher, the first installment is only €2,350, which includes a €2,200 customer deposit and reservation fee of €150.  

A leasing contract for a VF 9 will start from €799 per month. After the VinFirst e-voucher of €4,200 is reduced from the first installment of €9,450, the final down payment is only €5,250, which includes a €5,100 customer deposit and reservation fees of €150. 

All estimated monthly costs mentioned above are applicable only to reservations made during the VinFirst exclusive program, which ends on May 30, 2022. After the first installment, customers will pay the monthly fee accordingly. 

Mr. Emmanuel Bret – VinFast Deputy CEO of Global Sales & Marketing, said: “VinFast relentlessly innovates to make premium EVs widely accessible. Such a partner with the expertise and reach of FCA Bank gives VinFast great support in delivering on this pledge. With over 100 years of experience in the sector, FCA Bank serves more than 1.7 million customers across 18 European countries and is ideally positioned to facilitate VinFast’s future expansion plans while offering customers additional assistance and peace of mind from a renowned financial services expert.”

Under the agreement, FCA Bank will provide payment collection services and will work to enhance customers’ online journeys through the provision of referral tools and relevant white label online applications, including affordability and finance calculators. VinFast and FCA Bank share a joint commitment to ensuring competitive pricing in each market and will also evaluate the possibility of offering vehicle dedicated insurance products to VinFast customers.   

“We are proud to be alongside VinFast. This new strategic partnership enhances our experience, developed by working with one of the innovative, fast-growing international automotive brands,” said Giacomo Carelli, CEO and General Manager of FCA Bank. “In doing so, FCA Bank further increases the number of its major partners to include an innovation-oriented company like VinFast, to which we are bound by the innovation and sustainability drivers. For us, this is a determining step on the road to becoming the bank of reference for mobility in Europe”. 

FCA Bank mainly operates in the automotive financing sector in Europe and cooperates with major automotive brands to provide consumers with financial solutions for car leasing and purchasing. The partnership with VinFast further demonstrates FCA Bank’s commitment to a strategy for encouraging the spread of sustainable mobility. As one of the bank’s main drivers of growth, the pledge is fully supported by Crédit Agricole Consumer Finance, which will acquire 100% of the capital of the Bank with the ambition of making it a pan-European player in car financing, leasing, and mobility.

Monthly payment details in European markets:

Market

Germany

France

Netherlands

Model

VF 8

VF 9

VF 8

VF 9

VF 8

VF 9

Contract term

37 months

37 months

37 months

37 months

60 months

60 months

Monthly starting payment

 €499

 €699

 €599

 €899

 €599

 €799

Government bonus

 €6,000

 €5,000

 €1,000

-

-

-

VinFirst e-voucher

 €2,500

 €4,200

 €2,500

 €4,200

 €2,500

 €4,200

Deposit

-

 €2,000

 €1,000

 €2,000

 €2,200

 €5,100

Reservation fee

 €150

 €150

 €150

 €150

 €150

 €150

First installment

 €8,650

 €11,350

 €4,650

 €6,350

 €4,850

 €9,450

Total incentive

 €8,500

 €9,200

 €3,500

 €4,200

 €2,500

 €4,200

Down payment

 €150

 €2,150

 €1,150

 €2,150

 €2,350

 €5,250

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