VinFast is once again disrupting the local automotive scene by launching its Residual Value Guarantee (RVG) Program for the Philippine market. The new program aims to strengthen customer confidence in the long-term value of electric vehicles by applying a guaranteed residual value plan based on a fixed annual depreciation schedule. This pioneering policy provides customers greater peace of mind when transitioning to electric vehicles, accelerates the broader shift toward green mobility, and reaffirms VinFast’s long-term commitment to the Philippine market.
Based on the program, VinFast Philippines guarantees to buy back used VinFast vehicles for up to 90% of their net value for vehicles up to six (6) months old. The net value is computed as SRP minus any promotional discounts availed at the time of purchase. For vehicles one year old, owners can get 86%, while two-year-old vehicles are guaranteed to get up to 78% of their net value. The oldest vehicles that the program will accept are three-year-old ones, which can still get up to 70% of their net value.
But this offer is not without caveats. The program is intended for retail purchases and not for fleet accounts. The intended vehicle must be free from any major issues and has never been flooded. It also must have travelled below the 25,000 km ceiling. Normal wear and tear is fine.
Owners just have to bring in their vehicles for inspection (with a one-time fee of P900) and, depending on the age and condition of the vehicle, will receive an offer price. Cash payout is expected within one to three weeks of the accepted offer.
The RVG Program applies to VinFast’s entire product lineup in the Philippines, from the VF 3 to the VF 9, and is available to new customers. It is the latest in a series of customer-centric solutions VinFast is implementing in the Philippines to 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.
When asked about the program, Antonio Zara, CEO of VinFast Southeast Asia, said, “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. This program reflects our long-term commitment to the market and reinforces our strong belief in the quality of our products.”
After more than a year in the Philippine market, VinFast has steadily strengthened its presence with a diverse EV portfolio, flexible sales policies, and dedicated after-sales services. Alongside its growing network of authorized dealerships, VinFast collaborates with leading local partners to operate a wide network of maintenance service centers, providing customers with convenient and consistent service nationwide.
In the next phase, VinFast will continue to expand its distribution and service network in key locations in the Philippines, further developing a comprehensive EV ecosystem centered on sustainable mobility. This reinforces the company’s long-term commitment to Filipino consumers and lays the foundation for sustainable growth moving forward.