VinFast is revolutionizing the electric vehicle (EV) market in the Philippines with the launch of their new VF 5 model. This compact electric SUV offers consumers a unique choice: purchase the car with the battery included or opt for a battery subscription plan. This guide delves into the benefits of both options to help you make an informed decision.
Traditional Car Buying vs. VinFast’s Innovative Approach
Before VinFast’s arrival, buying a car in the Philippines was straightforward: choose a car, test drive it, and decide on a payment plan. VinFast’s battery subscription program introduces a new layer to this process, offering greater flexibility for EV buyers. With the launch of the VF 5, VinFast extends its range, providing more options for consumers.
Rent A Battery, Worry-Free Long Term
VinFast offers a subscription model where customers lease the battery instead of making a large upfront payment. The VF 5 is priced at Php 1,191,000 with the battery included, but the subscription model reduces this to Php 992,000 — a 16% decrease.
The battery subscription has tiers based on monthly driving distance. The first tier costs Php 5,800 forup to 1,500 km per month. Additional tiers for up to 3,000 km and over 3,000 km (unlimited) are expected, with details forthcoming from VinFast.
Benefits of the subscription model include:
- No Battery Degradation Worries**: VinFast manages the battery’s lifecycle, offering peace of mind.
- Battery Replacement Guarantee**: If the battery capacity drops below 70%, VinFast replaces it, ensuring optimal performance and better resale value.
Buying with Battery Included: The Familiar Way
For traditionalists, buying the VF 5 with the battery included eliminates recurring monthly fees. Though the initial cost is higher, this model can reduce daily operating costs, especially with home charging.
The price difference is about 200,000 Pesos, roughly equivalent to three years of battery subscription fees for 1,500 km/month drivers. Over time, savings might accrue for those buying the battery upfront, depending on driving habits.
VinFast’s comprehensive battery warranty is included, providing protection and peace of mind.
Battery Subscription Vs. Gasoline Vehicle
A comparable gasoline car in the VF 5’s segment consumes 6.5 liters per 100 km. At Php 66.26 per liter and 1,500 km/month travel, the monthly fuel expense is Php 6,460.
The VF 5, with a 37.23 kWh battery and 326.4 km NEDC range, uses 11.34 kWh per 100 km. At Php 11.6/kWh, the monthly energy cost is Php 1,973. Adding the battery subscription (Php 5,800), the total monthly cost is Php 7,773. While higher than a gasoline vehicle, the subscription saves Php 200,000 upfront, appealing to eco-conscious consumers.
The Verdict
Who benefits most from the battery subscription? New EV adopters worried about battery degradation or preferring a lower upfront cost, and high-mileage drivers (e.g., ride-hailing, taxi services) exceeding 3,000 km/month.
For infrequent drivers, purchasing with the battery might be better, avoiding monthly fees and potential long-term savings. Ultimately, the choice depends on personal preference and driving habits. Combined with VinFast’s excellent after-sales service and current incentives, the VF 5 is an attractive, safe choice for starting your EV journey.
Discover more of VinFast and the VF 5 here at https://vinfastauto.ph/en or visit their official facebook page at https://www.facebook.com/VinFastAuto.Philippines/.
