The VinFast VF 8 has faced a lukewarm reception from buyers in the U.S., partly due to a litany of issues and critical reviews. However, one thing it does have going for it is affordability, and a recent price reduction has made it, if not the, one of the most inexpensive new vehicles available for lease in the U.S.
For most of the time the VF 8 has been available in the U.S., it has been offered to lease at $399 per month for 36 months with $4,594 due at signing, making the lease effectively cost $527 per month.
However, these figures have been slashed as part of a deal running through January 31st where the VF 8 is available from $249 per month for 36 months with just $944 due at signing, resulting in an effective lease rate of just $275 per month.
Cars Direct notes that the Vietnamese company lease deal for the VF 8 includes a $7,500 Lease Tax Incentive as well as $15,349 in lease cash.
While VinFast hasn’t provided an official reason for the aggressive price cut of the VF 8, it is likely an effort to boost sales. At the beginning of 2023, the brand imported nearly 3,000 vehicles into North America but faced challenges in selling them. In fact, Experian data shows that only 128 VF 8s were registered between January and May of 2023. The exact number of sales in the second half of the year remains unknown, but it is presumed to be relatively low.
Read: VinFast Opens First Five Dealerships In The U.S. Selling All-Electric VF 8
It’s not just price cuts that VinFast hopes will help boost its dismal sales. Last year, the company announced that it would pay U.S. owners $100 for any issue that inconveniences them but doesn’t impact the use of the vehicle. For any issue that renders the VF 8 inoperable, the company will pay owners $300 and if it takes more than 3 days to fix a problem, then customers will be entitled to another $100 per day their vehicle is being serviced by VinFast.
Desperate times call for desperate measures, right?
