VinFast Residual Value Guarantee Buyback Program for EVs rolls out in the Philippines

VinFast launched its Residual Value Guarantee (RVG) program in the Philippines, promising to buy back EVs for up to 90 percent of their original price.

File Photo: VinFast VF 5 in Brahimny White 

VinFast Buy Back Program launched!

The brand's new RVG promises to buy back customers' electric vehicles for up to 90 percent of their original value after six months. This program aims to ease concerns of EV's value retention.

How the Residual Value Guarantee Program Works:

VinFast EV owners simply have to bring their electric vehicle in for a quick inspection. If it passes basic checks, customers get the guaranteed amount (in percentage). The program covers every VinFast model sold in the Philippines, from the VF 3 up to the VF 9. The program begins this November 2025 for new VinFast buyers.

VinFast spells it out clearly:

• 6 months: Up to 90 percent of the EV's list price
• 1 year: Up to 86 percent of the EV's list price
• 2 years: Up to 78 percent of the EV's list price
• 3 years: Up to 70 percent of the EV's list price

Filipino drivers still feel that EVs are risky because the resale values remain a mystery. VinFast's promise locks in a floor price, making monthly payments more predictable and trade-ins less painful. Pair it with the company's existing perks - 10-year warranty, three years of free charging at V-Green stations, and 24/7 roadside help - and the switch to electric starts looking like a no-brainer.

After a year in the Philippines, VinFast has built dealerships, service centers, and local partners nationwide. The brand's next step is to expand to more locations and build a world-class charging network. And the new RVG Program is the latest signal that the company isn't just testing the waters; it is diving in.

Although a 90 percent guarantee sounds almost too good, if you've been waiting for a financial safety net to go electric, VinFast just handed potential customers one.

What do you guys think?