2024 Factory Five GTMTrue Cost of Ownership in Norway
400 hp V8, kit car. Full cost breakdown including import duty (25%), VAT (25%), insurance, fuel at kr2.1/L, maintenance, and depreciation.
Purchase Price
$78K
Base: $50K
Annual Total
$21K
Insurance + fuel + maintenance
Import Duty
$13K
25% of base price
VAT
$16K
25% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$181K
Purchase + 5yr running costs
2024 Factory Five GTM — 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) | $50K |
| Import Duty (25%) | $13K |
| VAT / Sales Tax (25%) | $16K |
| Total Purchase Price | $78K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $3K |
| Annual Depreciation | $11K |
| Registration & Road Tax | $2K |
| Total Annual Running Cost | $21K |
| 5-Year Total Cost of Ownership | $181K |
| Cost Per Kilometer | $1.375 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Factory Five GTM Fuel Cost Calculator — Norway
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,150
USD equivalent
Monthly Fuel Cost
$263
Per month average
Annual Liters Used
1,500L
At 15,000 km/yr
Cost per 100km
$21.00
10L × kr2.10
Factory Five GTM Depreciation Curve
The Factory Five GTM loses approximately $25K (50%) of its value over 5 years.
Year-by-Year Value
| New | $50K | 100% |
| Year 1 | $39K | 78% |
| Year 2 | $34K | 68% |
| Year 3 | $30K | 60% |
| Year 4 | $27K | 54% |
| Year 5 | $25K | 50% |
Depreciation based on sports segment averages.
Factory Five GTM vs. Competitors in Norway
How does the Factory Five GTM compare to similar cars available in Norway?
Factory Five
GTM
Base Price
$50K
Annual Cost in Norway
$21K
Porsche
718 Cayman
Base Price
$65K
Annual Cost in Norway
$14K
BMW
M2
Base Price
$63K
Annual Cost in Norway
$14K
Toyota
GR86
Base Price
$30K
Annual Cost in Norway
$8K
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.
Moderate for Norway
Annual car costs = 32% 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
Factory Five GTM in Norway — Frequently Asked Questions
Common questions about owning a Factory Five GTM in Norway.
The 2024 Factory Five GTM has a base price of $50,000 USD. In Norway, after 25% import duty and 25% VAT, the total purchase price is approximately $78,125 USD (kr78,125 NOK).