2024 Genesis GV70True Cost of Ownership in Vietnam
300 hp twin-turbo inline-4. Full cost breakdown including import duty (70%), VAT (10%), insurance, fuel at ₫0.9/L, maintenance, and depreciation.
Purchase Price
$84K
Base: $45K
Annual Total
$13K
Insurance + fuel + maintenance
Import Duty
$31K
70% of base price
VAT
$8K
10% applied
Annual Insurance
$450
Avg for this country
5-Year Total
$148K
Purchase + 5yr running costs
2024 Genesis GV70 — Full Cost Breakdown in Vietnam
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $45K |
| Import Duty (70%) | $31K |
| VAT / Sales Tax (10%) | $8K |
| Total Purchase Price | $84K |
| Annual Insurance | $450 |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $579 |
| Annual Depreciation | $9K |
| Registration & Road Tax | $1K |
| Total Annual Running Cost | $13K |
| 5-Year Total Cost of Ownership | $148K |
| Cost Per Kilometer | $0.854 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Genesis GV70 Fuel Cost Calculator — Vietnam
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,485
USD equivalent
Monthly Fuel Cost
$124
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$9.90
11L × ₫0.90
Genesis GV70 Depreciation Curve
The Genesis GV70 loses approximately $22K (49%) of its value over 5 years.
Year-by-Year Value
| New | $45K | 100% |
| Year 1 | $36K | 80% |
| Year 2 | $32K | 70% |
| Year 3 | $28K | 62% |
| Year 4 | $25K | 56% |
| Year 5 | $23K | 51% |
Depreciation based on suv segment averages.
Genesis GV70 vs. Competitors in Vietnam
How does the Genesis GV70 compare to similar cars available in Vietnam?
Genesis
GV70
Base Price
$45K
Annual Cost in Vietnam
$13K
Toyota
RAV4
Base Price
$32K
Annual Cost in Vietnam
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Vietnam
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Vietnam
$7K
Annual costs estimated for Vietnam market. Import duty (70%) and VAT (10%) applied to all models.
🇻🇳 Owning a Car in Vietnam
Very high import taxes on cars.
Very Expensive for Vietnam
Annual car costs = 366% of average Vietnam income ($4K/yr)
Average Annual Income
$4K
In Vietnam
Fuel Price
₫0.90/L
Gasoline dominant
Avg Car Insurance
$450
Per year
Import Duty
70%
On vehicle value
VAT / Sales Tax
10%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in Vietnam
Genesis GV70 in Vietnam — Frequently Asked Questions
Common questions about owning a Genesis GV70 in Vietnam.
The 2024 Genesis GV70 has a base price of $45,000 USD. In Vietnam, after 70% import duty and 10% VAT, the total purchase price is approximately $84,150 USD (₫84,150 VND).