RentaPasada program partners can own VinFast ‘Green’ cars after contract

MANILA: RentaPasada program partners can purchase the “Green” models they have leased after fulfilling their five-year contract. 

The leadership of the Vietnamese carmaker’s local wing shared that drivers who rent either the five-seater Herio Green or the seven-seater Limo Green can buy the vehicles that have helped them earn through the Green GSM platform, should they desire to own them. 

VinFast Philippines Deputy Chief Executive Officer (CEO) of Sales and Dealer Network Development Victor Vela told Zigwheels Philippines that if program partners decide to go the said route, an assessment will be done to determine the cost of the vehicle. 

“The value of the car will be assessed based on the condition, the battery degradation… then the price will be determined, then the buyer will have the security deposit deducted, then they can have the chance [to buy the vehicle>, he said. 

Supporting Vela’s comment, VinFast Philippines CEO Rhomel Franco noted: “The agreement allows that.” 

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5-year contract

According to VinFast, qualified drivers will enter a five-year contract, which they can extend up to three more years. 

In order to qualify, applicants must secure the following requirements: 

• Professional driver’s license 
• Clearance from the National Bureau of Investigation or from the Philippine National Police
• Medical certificate 
• Accomplished drug test 
• Taxpayer’s identification number 

Those who are qualified to enter the program can expect Green GSM to cover the below: 

• Registration with the Land Transportation Office 
• Inspection fees 
• Road maintenance fees 
• Personal Accident Insurance for Motorist 
• Vehicle insurance 
• Compulsory Third Party Liability insurance 
• Periodic maintenance fees 
• Installation of Global Positioning System

Partners will also get to charge for free using the marque’s chargers until March 31, 2029. 

On the other hand, drivers will have to shoulder these responsibilities: 

• Transportation Network Vehicle Service registration and application (with assistance from Green GSM)
• Charging cost 
• Toll fees 
• Parking fees 
• Traffic violation penalties 
• Repair costs 

During the said five-year contract, partners will take home 90 percent of their earnings in the first year and 85 percent of their earnings in the second and third years. For their fourth and fifth year, VinFast explained that the revenue sharing between the company and its partners will be determined. 

“RentaPasada is a drive-to-earn rental program that brings together two things: access to a brand-new VinFast electric vehicle, and access to the Green GSM ride-hailing platform,” Franco was quoted as saying. 

“We designed it to be approachable, the requirements to get started are modest, the terms are meant to be clearer, and the day-to-day economics are built so that more of what the driver earns stays with the driver,” he added. 

Also read:

VinFast Q1 2026 global sales hit 58k-unit mark

VinFast highlights EV ecosystem at maiden PIMS appearance

VinFast taps Autobrains, NVIDIA to democratize autonomous mobility

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