{"id":43750,"date":"2023-02-27T09:02:59","date_gmt":"2023-02-27T14:02:59","guid":{"rendered":"https:\/\/autosector.com\/?p=43750"},"modified":"2023-02-27T09:02:59","modified_gmt":"2023-02-27T14:02:59","slug":"vinfast-vf8-lease-price-slashed","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=43750","title":{"rendered":"VinFast slashes lease prices for first U.S. buyers, deliveries starting March 1"},"content":{"rendered":"

HANOI \u2014 Vietnamese electric vehicle<\/a> maker VinFast has cut the lease<\/a> price for its first model shipped to the United States by more than 50% for its first customers in California, with delivery starting this week, according to the company and emails to customers reviewed by Reuters.<\/p>\n

VinFast, a subsidiary of conglomerate Vingroup JSC, had said in January its first VF8 all-electric crossovers<\/a> would be available to lease at a monthly payment of $599 for 24 months.<\/p>\n

Its website showed as of Monday a monthly lease price of $399<\/a> for the vehicle for a 24-month lease.<\/p>\n

VinFast told people who had already paid a refundable deposit on the car that the payment<\/a> would be $274 per month in California, the first U.S. state to receive the vehicles, according to messages to those potential buyers reviewed by Reuters.<\/p>\n

That amounts to a discount of between 33% and 54% from the initially advertised<\/a> monthly lease price.<\/p>\n

“This is our special offer to VinFast customers for the VF 8 City Edition models in order to stay competitive with other brands,” VinFast said in a statement.<\/p>\n

“We will officially deliver the VF 8 City Edition vehicles to customers on March 1,” it said, without specifying the number of units in the 999 batch\u00a0shipped\u00a0to California late last year.<\/p>\n

The move represents the latest sign of increased price competition by EV makers. Tesla<\/a>, the global EV leader, cut prices globally by up to 20% in January, although it has increased prices on some models and in some markets by smaller margins since.<\/p>\n

The Biden administration’s EV credits, which took effect at the start of the year, have also changed the calculus for automakers and U.S. consumers.<\/p>\n

Electric vehicles like those made by Tesla in North America qualify for a consumer tax credit of $7,500. Businesses, including the finance companies that underwrite car leases, can also claim a credit of up to $7,500 for EVs if the cars are sold by one of the companies certified by the IRS.<\/p>\n

VinFast was\u00a0not listed as one of the 39\u00a0“qualified manufacturers” on the IRS list as of Monday.<\/p>\n

VinFast said earlier this month that US Bancorp would provide lease financing for the company’s sales in the United States.<\/p>\n

Vehicle subscription service<\/a> Autonomy has a deal with VinFast to purchase 2,500 EVs, the companies said in November.<\/p>\n

In a separate statement, VinFast’s chairwoman Le Thi Thu Thuy said VinFast expected to deliver EVs in Canada, France, Germany and the Netherlands, following its deliveries in the U.S. market.<\/p>\n

The VF 8 City Edition comes in both Eco and Plus trim with an EPA-rated range of 207 miles (333 km) and 191 miles (307 km) respectively, the company said.<\/p>\n

The company has filed for an initial public offering in the United States and plans to build an EV assembly factory in North Carolina.<\/p>\n","protected":false},"excerpt":{"rendered":"

HANOI \u2014 Vietnamese electric vehicle maker VinFast has cut the lease price for its first model shipped to the United States by more than 50% for its first customers in California, with delivery starting this week, according to the company and emails to customers reviewed by Reuters. VinFast, a subsidiary of conglomerate Vingroup JSC, had […]<\/p>\n","protected":false},"author":1,"featured_media":43751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[],"class_list":["post-43750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/43750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43750"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/43750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/43751"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43750"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}