The Philippine automotive market is evolving, and the introduction of the VinFast VF 5 has brought a new level of flexibility for consumers interested in electric vehicles (EVs). Unlike the traditional car-buying process, VinFast offers customers a choice between purchasing the VF 5 with the battery included or subscribing to the battery separately. Understanding the benefits and drawbacks of each option can help buyers determine the best fit for their needs.
Traditionally, buying a car has been a straightforward affair – select the desired model, take it for a test drive, and then choose between paying upfront or in installments. However, VinFast’s battery subscription program has added a new dynamic to the equation, allowing customers to tailor their purchase experience.
The VF 5 compact electric SUV is VinFast’s latest offering in the local market. While the car with the battery included is priced at Php 1,191,000, the subscription model lowers the cost to Php 992,000 – a significant 16% reduction. This subscription-based approach is appealing to new EV adopters who may be concerned about battery degradation, as VinFast takes responsibility for the battery’s life cycle and provides a replacement guarantee if capacity drops below 70%. This can ease the minds of those unfamiliar with electric vehicles and help maintain the car’s resale value.
On the other hand, the traditional purchase option, where the battery is included in the price, may be preferred by those who dislike subscription-based services. This model eliminates recurring monthly fees and, when combined with home charging, can significantly reduce daily operating costs. Additionally, after about three years, the total cost of ownership for both options could potentially even out, with the possibility of further savings over time for those who bought the battery upfront.
When comparing the VF 5’s battery subscription plan to a similar gasoline-powered car in the same segment, the electric option demonstrates its financial advantages. Assuming a monthly travel distance of 1,500 km, the monthly fuel expense for a gasoline-powered car would be around Php 6,460, while the VF 5’s monthly energy cost with the battery included would be just Php 1,973. Even with the battery subscription plan, the total monthly cost of Php 7,773 is still lower than the gasoline-powered alternative.
Ultimately, the choice between buying the VF 5 with the battery included or opting for the subscription plan depends on individual driving habits and preferences. The battery subscription model may be more appealing to new EV adopters or high-mileage drivers, while those who drive less frequently or prefer the traditional ownership experience may benefit more from purchasing the car with the battery included.
