VinFast has launched the VF 5, an electric compact SUV, in the Philippines with different purchasing options depending on what the customers need. Clients can either buy the VF 5 with the battery included for a straight purchase or opt for a battery subscription model.
The VF 5, which recently launched, starts at a price of Php 992,000 under the innovative subscription model. The model significantly reduces the upfront cost by excluding the battery price, which is instead leased from VinFast. Compared to the full purchase price of Php 1,191,000 where the battery is included, the subscription model offers a savings of 16%, making it an attractive option for those new to EVs or those cautious about long-term battery health.
For customers leaning towards traditional car ownership, purchasing the VF 5 with the battery included eliminates ongoing battery lease payments and provides a more familiar sense of vehicle ownership. While this option has a higher initial cost, it frees the owner from monthly subscription fees, potentially leading to greater savings in the long run, especially for those who drive less frequently.
The decision between these two models often comes down to personal preference and financial considerations. The subscription service is particularly advantageous for those concerned about battery degradation, as VinFast guarantees battery health above 70%.
VinFast VF 5 in the Philippines: buy or subscribe—Which works for you?
VinFast is changing how we buy electric cars here, offering the VF 5 with flexible options that fit different budgets. Buying or subscribing—what fits your life better?
Shaynah Miranda on Aug 05, 2024You are here:HomeLatest StoriesNewsVinFast VF 5 in the Philippines: buy or subscribe—Which works for you?
Finding the right electric vehicle can be a hassle, but VinFast’s VF 5 makes it easy with two ways to buy.
Related: VinFast VF 3 soon to arrive in the Philippines
VinFast has launched the VF 5, an electric compact SUV, in the Philippines with different purchasing options depending on what the customers need. Clients can either buy the VF 5 with the battery included for a straight purchase or opt for a battery subscription model.
The VF 5, which recently launched, starts at a price of Php 992,000 under the innovative subscription model. The model significantly reduces the upfront cost by excluding the battery price, which is instead leased from VinFast. Compared to the full purchase price of Php 1,191,000 where the battery is included, the subscription model offers a savings of 16%, making it an attractive option for those new to EVs or those cautious about long-term battery health.
For customers leaning towards traditional car ownership, purchasing the VF 5 with the battery included eliminates ongoing battery lease payments and provides a more familiar sense of vehicle ownership. While this option has a higher initial cost, it frees the owner from monthly subscription fees, potentially leading to greater savings in the long run, especially for those who drive less frequently.
The decision between these two models often comes down to personal preference and financial considerations. The subscription service is particularly advantageous for those concerned about battery degradation, as VinFast guarantees battery health above 70%.
VinFast’s battery subscription plan reassures customers and encourages the adoption of green technology by mitigating one of the barriers to EV ownership—the upfront cost and maintenance concerns of the battery.
VinFast is giving more and more reasons to check out electric cars in the Philippines. The VF 5 offers good deals, different ways to own, and reliable support, making it a tempting option for newcomers to electric cars. Tempted by the VF 5? Visit AutoDeal.com.ph to check out VinFast’s models and get a free, quick quote from a VinFast sales agent near you.
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