Vietnamese automaker VinFast is pulling a late demand lever in 2024 to entice US prospects to get behind the wheel of its VF 8 SUV. Designed for SUV-loving households within the US, the VinFast VF 8 is now out there to lease for properly below $300 a month with $0 down.
The VF 8 is VinFast’s ($VFS) flagship EV, hitting the US market two years in the past as a 2023 mannequin. We drove the VF 8 early on, and it was nice, however there have been some clear bugs that wanted to be sorted out. We famous that 2024 can be a pivotal yr for the Vietnamese automaker trying to increase revenues and make up for missed supply targets in 2023.
This yr, the automaker turned to its father or mother firm, Vingroup, and its founder for extra funding whereas launching two new fashions, together with the three-row VF 9.
Though it confronted early software program hiccups, VinFast pushed ahead to get extra of its VF 8 SUVs on US roads, pulling demand levers whereas increasing its stateside vendor community. At present, VinFast has introduced an attractive new lease program for the VF 8 that requires $0 down at signing.
VinFast is providing a VF 8 lease for $279/month
VinFast revealed a press launch in the present day that’s extra of a love letter to its flagship VF 8 SUV, which features a little tidbit a few new lease deal. When you get by means of the paragraphs of the Vietnamese automaker shilling its innovation and nod to its spot on TIME’s 2024 checklist of influential firms, there’s a juicy little bonus for any prospects eager about an excellent low-cost EV lease from a comparatively unknown and unproven automaker.
VinFast hailed its new VF 8 lease supply as probably the most aggressive within the US, and that’s arduous to argue. Proper now, you may lease a base-level ECO trim of the SUV for $0 down and $279 a month thereafter. The VinFast VF 8 lease time period is 24 months and consists of 10,000 miles a yr.
Notice that VinFast doesn’t have showrooms in all 50 states but, so if , it’s greatest to see if the VF 8 and subsequent lease are even doable in your space. What do you assume? Would you take a look at out a VF 8 for 2 years and avoid wasting inexperienced?
Electrek’s take
The worth of this lease supply for a VF 8 from VinFast can’t be denied, nevertheless it’s nonetheless a troublesome promote for numerous causes. As somebody who has pushed the VF 8, I believe it’s greater than sufficient and might do the job for many individuals, particularly these new to EVs who don’t have something to match it to.
My first experience was far too early on within the growth course of, and there have been too many points for me to neglect, so I’d personally move on this supply. Nonetheless, VinFast has carried out quite a lot of work to resolve these software program points for different shoppers.
I nonetheless assume the most important hurdle right here is model consciousness. The typical US client has no concept VinFast exists and isn’t looking for out extra info on it to maybe bump into this VF 8 lease deal. It’s a steal for individuals who are conscious of the model and really feel snug committing to 2 years of driving one, however that appears like a distinct segment phase in an already small market pattern.
I additionally assume this demand lever reveals proof that VinFast just isn’t making the influence on the US promote it had hoped with the VF 8. I’ll have an interest to see the place their 2024 financials land and the way these examine to a yr in the past, when deliveries have been decrease than anticipated. We are going to keep watch over that and report again.
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