2024 Baojun 510True Cost of Ownership in Hong Kong
109 hp turbocharged inline-3, popular Chinese compact SUV. Full cost breakdown including import duty (115%), VAT (0%), insurance, fuel at HK$2.2/L, maintenance, and depreciation.
Purchase Price
$22K
Base: $10K
Annual Total
$14K
Insurance + fuel + maintenance
Import Duty
$12K
115% of base price
VAT
$0
0% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$90K
Purchase + 5yr running costs
2024 Baojun 510 — Full Cost Breakdown in Hong Kong
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $10K |
| Import Duty (115%) | $12K |
| VAT / Sales Tax (0%) | $0 |
| Total Purchase Price | $22K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $1K |
| Annual Depreciation | $2K |
| Registration & Road Tax | $6K |
| Total Annual Running Cost | $14K |
| 5-Year Total Cost of Ownership | $90K |
| Cost Per Kilometer | $0.917 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Baojun 510 Fuel Cost Calculator — Hong Kong
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,980
USD equivalent
Monthly Fuel Cost
$165
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$13.20
6L × HK$2.20
Baojun 510 Depreciation Curve
The Baojun 510 loses approximately $5K (49%) of its value over 5 years.
Year-by-Year Value
| New | $10K | 100% |
| Year 1 | $8K | 80% |
| Year 2 | $7K | 70% |
| Year 3 | $6K | 62% |
| Year 4 | $6K | 56% |
| Year 5 | $5K | 51% |
Depreciation based on economy segment averages.
Baojun 510 vs. Competitors in Hong Kong
How does the Baojun 510 compare to similar cars available in Hong Kong?
Baojun
510
Base Price
$10K
Annual Cost in Hong Kong
$14K
Toyota
Yaris
Base Price
$22K
Annual Cost in Hong Kong
$4K
Honda
Fit
Base Price
$21K
Annual Cost in Hong Kong
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in Hong Kong
$4K
Annual costs estimated for Hong Kong market. Import duty (115%) and VAT (0%) applied to all models.
🇭🇰 Owning a Car in Hong Kong
First registration tax up to 115%. Fuel ~HK$20/L.
Moderate for Hong Kong
Annual car costs = 29% of average Hong Kong income ($48K/yr)
Average Annual Income
$48K
In Hong Kong
Fuel Price
HK$2.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
115%
On vehicle value
VAT / Sales Tax
0%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Hong Kong
Baojun 510 in Hong Kong — Frequently Asked Questions
Common questions about owning a Baojun 510 in Hong Kong.
The 2024 Baojun 510 has a base price of $10,000 USD. In Hong Kong, after 115% import duty and 0% VAT, the total purchase price is approximately $21,500 USD (HK$21,500 HKD).