2023 Genesis GV60 StandardTrue Cost of Ownership in Thailand
225 hp all-electric. Full cost breakdown including import duty (80%), VAT (7%), insurance, fuel at ฿0.95/L, maintenance, and depreciation.
Purchase Price
$112K
Base: $58K
Annual Total
$18K
Insurance + fuel + maintenance
Import Duty
$46K
80% of base price
VAT
$7K
7% applied
Annual Insurance
$850
Avg for this country
5-Year Total
$204K
Purchase + 5yr running costs
2023 Genesis GV60 Standard — Full Cost Breakdown in Thailand
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $58K |
| Import Duty (80%) | $46K |
| VAT / Sales Tax (7%) | $7K |
| Total Purchase Price | $112K |
| Annual Insurance | $850 |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $729 |
| Annual Depreciation | $16K |
| Registration & Road Tax | $550 |
| Total Annual Running Cost | $18K |
| 5-Year Total Cost of Ownership | $204K |
| Cost Per Kilometer | $1.225 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Genesis GV60 Standard Fuel Cost Calculator — Thailand
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Genesis GV60 Standard runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Thailand.
$0 Fuel Cost
Electric vehicle — no gasoline required
Genesis GV60 Standard Depreciation Curve
The Genesis GV60 Standard loses approximately $33K (57%) of its value over 5 years.
Year-by-Year Value
| New | $58K | 100% |
| Year 1 | $42K | 72% |
| Year 2 | $36K | 62% |
| Year 3 | $31K | 54% |
| Year 4 | $28K | 48% |
| Year 5 | $25K | 43% |
Depreciation based on electric segment averages.
Genesis GV60 Standard vs. Competitors in Thailand
How does the Genesis GV60 Standard compare to similar cars available in Thailand?
Genesis
GV60 Standard
Base Price
$58K
Annual Cost in Thailand
$18K
Tesla
Model 3
Base Price
$42K
Annual Cost in Thailand
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Thailand
$5K
BMW
i4
Base Price
$56K
Annual Cost in Thailand
$8K
Annual costs estimated for Thailand market. Import duty (80%) and VAT (7%) applied to all models.
🇹🇭 Owning a Car in Thailand
High import tax but low running costs.
Very Expensive for Thailand
Annual car costs = 262% of average Thailand income ($7K/yr)
Average Annual Income
$7K
In Thailand
Fuel Price
฿0.95/L
Gasoline dominant
Avg Car Insurance
$850
Per year
Import Duty
80%
On vehicle value
VAT / Sales Tax
7%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Thailand
Genesis GV60 Standard in Thailand — Frequently Asked Questions
Common questions about owning a Genesis GV60 Standard in Thailand.
The 2023 Genesis GV60 Standard has a base price of $58,000 USD. In Thailand, after 80% import duty and 7% VAT, the total purchase price is approximately $111,708 USD (฿111,708 THB).
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