Car rental prices to double during Tet holiday hinh anh 1Illustrative image (Source: VNA)
Hanoi (VNA) Automobile rental prices will double during the traditional Lunar New Year (Tet), which begins in late January.
In Hanoi, most car rental agencies said they will rent cars for a minimum of seven to 10 days during the holiday at 12 million VND (532 USD), double the price on ordinary days.

Daily costs of car rentals will be at least 1 million VND (44.32 USD), depending on the kind of car, a rise of 30-50 percent compared to other days.

A Hyundai i10 car (2014-2015 model) will cost 12 million VND for seven days beginning on January 26, the first day off for Tet for government employees.

Customers must deposit 5 million VND and the rest will be paid upon returning the car.

Other car rental packages for Tet for seven days include rentals of Vios at 14 million VND (620.59 USD), Camry 17 million VND (753.57 USD), Hyundai Santa Fe 20 million VND (886.56 USD), Toyota at 15-17 million VND and Fortuna at 15-20 million VND.

Luxury car models for rent such as Mercedes C250 cost 1.7-1.8 million VND per day.

Most car rental agencies in Hanoi said they could meet only 20 percent of the demand.

Car rentals with a driver will cost an additional 600,000-700,000 VND per day compared with 400,000 VND on normal days.

Customers will have to negotiate the schedule and surcharge with the driver in case the trip exceeds the number of daily kilometres regulated by the car rental agency.

Car rentals that include a driver are more expensive, but if there  is any damage, the customer will not be responsible.

In HCM City, car rental activities have also become busier.

A representative of a car rental agency in Tan Binh district said the number of customers renting a car have increased since the beginning of the new year.

“The agency has nearly 50 cars from four-seat cars to nine-seat cars for rent. More than 80 percent of customers have booked to rent,” he said.

Vu Ngoc Thieu, 48, in Go Vap district, who signed a contract to rent an Innova for 10 days, said although he is able to afford to buy a four-seat car, he prefers to rent.

“The streets are narrow and have become too crowded. My family only needs to use a car during the holidays. I decided to rent one, so I don’t have to worry about parking at my house,” he said.

Car rental prices have doubled in HCM City.
For example, Kia Morning (2010-2013 model) rental is now 1 million VND a day, up from 500,000 VND on normal days, the cheapest price of car rentals.

Rental prices for other cars such as Innova and Fortune (2010-2013) are 1.8-2 million VND. The rental price for a Kia Sorento is from 2.4 million VND.

According to a car rental agency in HCM City, due to high demand during the holiday, customers are advised to book early so they can choose their desired car.

“On average, we receive 20 phone calls to rent a car every day. Many customers have completed their bookings,” he said.  

Unlike Hanoi, in HCM City, customers will have to pay 100 percent of the contract upon signing the contract and the minimum time for rent must be 10 days.

He also advised customers to check the status and condition of the car before accepting it. The procedure is to submit a family passbook and a motorbike for deposit and its registration certificate. 

Most visitors in the city rent a car to travel to Vung Tau, a coastal city in the southeastern region, Nha Trang in Khanh Hoa province, and Da Lat, a resort city in the Central Highlands region.

Tet is Vietnam’s most important traditional celebration, which honours family reunions and recreation.

During the period, some families travel, while others decide to visit pagodas or return to their hometowns, expressing best wishes to each other and showing gratitude to their ancestors.-VNA