2024 Genesis GV60True Cost of Ownership in United Kingdom
429 hp all-electric. Full cost breakdown including import duty (6.5%), VAT (20%), insurance, fuel at £1.75/L, maintenance, and depreciation.
Purchase Price
$77K
Base: $60K
Annual Total
$23K
Insurance + fuel + maintenance
Import Duty
$4K
6.5% of base price
VAT
$13K
20% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$190K
Purchase + 5yr running costs
2024 Genesis GV60 — Full Cost Breakdown in United Kingdom
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $60K |
| Import Duty (6.5%) | $4K |
| VAT / Sales Tax (20%) | $13K |
| Total Purchase Price | $77K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $17K |
| Registration & Road Tax | $1K |
| Total Annual Running Cost | $23K |
| 5-Year Total Cost of Ownership | $190K |
| Cost Per Kilometer | $1.510 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Genesis GV60 Fuel Cost Calculator — United Kingdom
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Genesis GV60 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in United Kingdom.
$0 Fuel Cost
Electric vehicle — no gasoline required
Genesis GV60 Depreciation Curve
The Genesis GV60 loses approximately $34K (57%) of its value over 5 years.
Year-by-Year Value
| New | $60K | 100% |
| Year 1 | $43K | 72% |
| Year 2 | $37K | 62% |
| Year 3 | $32K | 54% |
| Year 4 | $29K | 48% |
| Year 5 | $26K | 43% |
Depreciation based on electric segment averages.
Genesis GV60 vs. Competitors in United Kingdom
How does the Genesis GV60 compare to similar cars available in United Kingdom?
Genesis
GV60
Base Price
$60K
Annual Cost in United Kingdom
$23K
Tesla
Model 3
Base Price
$42K
Annual Cost in United Kingdom
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in United Kingdom
$5K
BMW
i4
Base Price
$56K
Annual Cost in United Kingdom
$8K
Annual costs estimated for United Kingdom market. Import duty (6.5%) and VAT (20%) applied to all models.
🇬🇧 Owning a Car in United Kingdom
ULEZ zones add costs in cities.
Expensive for United Kingdom
Annual car costs = 50% of average United Kingdom income ($45K/yr)
Average Annual Income
$45K
In United Kingdom
Fuel Price
£1.75/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
6.5%
On vehicle value
VAT / Sales Tax
20%
Applied at purchase
Driving Side
Left-hand
Europe
Popular Car Brands in United Kingdom
Genesis GV60 in United Kingdom — Frequently Asked Questions
Common questions about owning a Genesis GV60 in United Kingdom.
The 2024 Genesis GV60 has a base price of $60,000 USD. In United Kingdom, after 6.5% import duty and 20% VAT, the total purchase price is approximately $76,680 USD (£76,680 GBP).