2024 BMW M5 CompetitionTrue Cost of Ownership in Hong Kong
617 hp twin-turbo V8. Full cost breakdown including import duty (115%), VAT (0%), insurance, fuel at HK$2.2/L, maintenance, and depreciation.
Purchase Price
$258K
Base: $120K
Annual Total
$58K
Insurance + fuel + maintenance
Import Duty
$138K
115% of base price
VAT
$0
0% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$548K
Purchase + 5yr running costs
2024 BMW M5 Competition — 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) | $120K |
| Import Duty (115%) | $138K |
| VAT / Sales Tax (0%) | $0 |
| Total Purchase Price | $258K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $6K |
| Annual Maintenance | $20K |
| Annual Depreciation | $24K |
| Registration & Road Tax | $6K |
| Total Annual Running Cost | $58K |
| 5-Year Total Cost of Ownership | $548K |
| Cost Per Kilometer | $3.864 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
BMW M5 Competition 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
$5,940
USD equivalent
Monthly Fuel Cost
$495
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$39.60
18L × HK$2.20
BMW M5 Competition Depreciation Curve
The BMW M5 Competition loses approximately $53K (44%) of its value over 5 years.
Year-by-Year Value
| New | $120K | 100% |
| Year 1 | $96K | 80% |
| Year 2 | $86K | 72% |
| Year 3 | $78K | 65% |
| Year 4 | $72K | 60% |
| Year 5 | $67K | 56% |
Depreciation based on exotic segment averages.
BMW M5 Competition vs. Competitors in Hong Kong
How does the BMW M5 Competition compare to similar cars available in Hong Kong?
BMW
M5 Competition
Base Price
$120K
Annual Cost in Hong Kong
$58K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Hong Kong
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Hong Kong
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Hong Kong
$40K
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.
Very Expensive for Hong Kong
Annual car costs = 121% 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
BMW M5 Competition in Hong Kong — Frequently Asked Questions
Common questions about owning a BMW M5 Competition in Hong Kong.
The 2024 BMW M5 Competition has a base price of $120,000 USD. In Hong Kong, after 115% import duty and 0% VAT, the total purchase price is approximately $258,000 USD (HK$258,000 HKD).