2024 BMW M5 CompetitionTrue Cost of Ownership in Norway
617 hp twin-turbo V8. Full cost breakdown including import duty (25%), VAT (25%), insurance, fuel at kr2.1/L, maintenance, and depreciation.
Purchase Price
$188K
Base: $120K
Annual Total
$46K
Insurance + fuel + maintenance
Import Duty
$30K
25% of base price
VAT
$38K
25% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$419K
Purchase + 5yr running costs
2024 BMW M5 Competition — Full Cost Breakdown in Norway
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $120K |
| Import Duty (25%) | $30K |
| VAT / Sales Tax (25%) | $38K |
| Total Purchase Price | $188K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $6K |
| Annual Maintenance | $13K |
| Annual Depreciation | $24K |
| Registration & Road Tax | $2K |
| Total Annual Running Cost | $46K |
| 5-Year Total Cost of Ownership | $419K |
| Cost Per Kilometer | $3.088 |
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 — Norway
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$5,670
USD equivalent
Monthly Fuel Cost
$473
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$37.80
18L × kr2.10
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 Norway
How does the BMW M5 Competition compare to similar cars available in Norway?
BMW
M5 Competition
Base Price
$120K
Annual Cost in Norway
$46K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Norway
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Norway
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Norway
$40K
Annual costs estimated for Norway market. Import duty (25%) and VAT (25%) applied to all models.
🇳🇴 Owning a Car in Norway
High taxes but EV incentives offset for EVs.
Very Expensive for Norway
Annual car costs = 71% of average Norway income ($65K/yr)
Average Annual Income
$65K
In Norway
Fuel Price
kr2.10/L
EV-heavy dominant
Avg Car Insurance
$2K
Per year
Import Duty
25%
On vehicle value
VAT / Sales Tax
25%
Applied at purchase
Driving Side
Right-hand
Europe
Popular Car Brands in Norway
BMW M5 Competition in Norway — Frequently Asked Questions
Common questions about owning a BMW M5 Competition in Norway.
The 2024 BMW M5 Competition has a base price of $120,000 USD. In Norway, after 25% import duty and 25% VAT, the total purchase price is approximately $187,500 USD (kr187,500 NOK).