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Mobile edge computing (MEC)-enabled vehicular networks can improve the quality of service (QoS) of vehicular networks, such as the round-trip time (RTT) and transmission control protocol (TCP) throughput. However, the high mobility of vehicles requires frequent service migrations among MEC servers to maintain the QoS. Frequent service migrations incur prohibitive migration cost. To achieve the tradeoff between the QoS and migration cost, this paper proposes a novel dynamic service migration scheme, which considers the effect of velocities of vehicles. The main idea is that the QoS and migration cost are modeled as the function of velocity, and then they are jointly considered economically. The system captures incomes from vehicles according to their QoS. The cost (expenditure) consists of the migration cost and service cost for the use of computing, communication and memory resources to provide service …