Lease a Vinfast VF 8 for $249 per month for a 36-month term

VinFast is facing a decrease in demand due to current economic challenges, just like other electric vehicle manufacturers. The VF 8, the company’s initial offering in the US, has been met with mediocre reviews, yet VinFast still managed to move nearly 35,000 units in 2023. To spur demand and demonstrate a commitment to competitive pricing, VinFast has unveiled what has been referred to as “The Cheapest Deal in America.” This deal allows consumers to lease a VF 8 for as little as $249 per month for 36 months and 10,000 miles a year. This offer applies to the base model VF 8 Eco with a starting price of $47,200, and an estimated range of 264 miles on a single charge.

However, this offer is currently only available in California, with a $944 payment due at signing. After the initial payment, the lease rate comes to $275.22 per month before taxes and fees, totaling $9,908 over the three-year term. Before this promotion, VF 8 leases were priced at $399 per month, making the new rate highly competitive, beating out over 500 lease deals from other brands.

VinFast is able to offer such aggressive pricing by providing a $7,500 tax incentive for the lease and $15,349 in lease cash, resulting in a total discount of $22,849. This hefty discount is contributing to VinFast’s strategy to make an impact in the US market, particularly for consumers willing to consider the VF 8.

The company has also expanded its presence by signing independent dealers in Kansas, New York, North Carolina, and Texas. The dealership in North Carolina is currently offering a similar lease deal on the VF 8 Eco. However, there are additional fees to consider, including an acquisition tax and administrative/documentation fee, which bring the final monthly payment to $287.78.

While this lease deal is set to expire at the end of January, potential applicants with strong credit scores may still have an opportunity to take advantage of this offer. Despite the mixed reviews, VinFast continues to expand its dealer network and improve its offerings in an effort to carve out a space in the electric vehicle market.