2024 Ford Explorer PlatinumTrue Cost of Ownership in Colombia
400 hp twin-turbo V6. Full cost breakdown including import duty (35%), VAT (19%), insurance, fuel at $0.85/L, maintenance, and depreciation.
Purchase Price
$96K
Base: $60K
Annual Total
$16K
Insurance + fuel + maintenance
Import Duty
$21K
35% of base price
VAT
$15K
19% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$177K
Purchase + 5yr running costs
2024 Ford Explorer Platinum — Full Cost Breakdown in Colombia
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $60K |
| Import Duty (35%) | $21K |
| VAT / Sales Tax (19%) | $15K |
| Total Purchase Price | $96K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $1K |
| Annual Depreciation | $12K |
| Registration & Road Tax | $400 |
| Total Annual Running Cost | $16K |
| 5-Year Total Cost of Ownership | $177K |
| Cost Per Kilometer | $1.080 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ford Explorer Platinum Fuel Cost Calculator — Colombia
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,403
USD equivalent
Monthly Fuel Cost
$117
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$9.35
11L × $0.85
Ford Explorer Platinum Depreciation Curve
The Ford Explorer Platinum loses approximately $29K (49%) of its value over 5 years.
Year-by-Year Value
| New | $60K | 100% |
| Year 1 | $48K | 80% |
| Year 2 | $42K | 70% |
| Year 3 | $37K | 62% |
| Year 4 | $34K | 56% |
| Year 5 | $31K | 51% |
Depreciation based on suv segment averages.
Ford Explorer Platinum vs. Competitors in Colombia
How does the Ford Explorer Platinum compare to similar cars available in Colombia?
Ford
Explorer Platinum
Base Price
$60K
Annual Cost in Colombia
$16K
Toyota
RAV4
Base Price
$32K
Annual Cost in Colombia
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Colombia
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Colombia
$7K
Annual costs estimated for Colombia market. Import duty (35%) and VAT (19%) applied to all models.
🇨🇴 Owning a Car in Colombia
High import taxes on foreign vehicles.
Very Expensive for Colombia
Annual car costs = 231% of average Colombia income ($7K/yr)
Average Annual Income
$7K
In Colombia
Fuel Price
$0.85/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
35%
On vehicle value
VAT / Sales Tax
19%
Applied at purchase
Driving Side
Right-hand
South America
Popular Car Brands in Colombia
Ford Explorer Platinum in Colombia — Frequently Asked Questions
Common questions about owning a Ford Explorer Platinum in Colombia.
The 2024 Ford Explorer Platinum has a base price of $60,000 USD. In Colombia, after 35% import duty and 19% VAT, the total purchase price is approximately $96,390 USD ($96,390 COP).
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Ford Explorer Platinum in Other Countries
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