2024 GMC CanyonTrue Cost of Ownership in Venezuela
310 hp turbocharged inline-4, popular mid-size truck. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at Bs0.01/L, maintenance, and depreciation.
Purchase Price
$49K
Base: $35K
Annual Total
$8K
Insurance + fuel + maintenance
Import Duty
$7K
20% of base price
VAT
$7K
16% applied
Annual Insurance
$100
Avg for this country
5-Year Total
$89K
Purchase + 5yr running costs
2024 GMC Canyon — Full Cost Breakdown in Venezuela
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $35K |
| Import Duty (20%) | $7K |
| VAT / Sales Tax (16%) | $7K |
| Total Purchase Price | $49K |
| Annual Insurance | $100 |
| Annual Fuel Cost | $12 |
| Annual Maintenance | $100 |
| Annual Depreciation | $8K |
| Registration & Road Tax | $70 |
| Total Annual Running Cost | $8K |
| 5-Year Total Cost of Ownership | $89K |
| Cost Per Kilometer | $0.532 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
GMC Canyon Fuel Cost Calculator — Venezuela
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$12
USD equivalent
Monthly Fuel Cost
$1
Per month average
Annual Liters Used
1,200L
At 15,000 km/yr
Cost per 100km
$0.08
8L × Bs0.01
GMC Canyon Depreciation Curve
The GMC Canyon loses approximately $19K (54%) of its value over 5 years.
Year-by-Year Value
| New | $35K | 100% |
| Year 1 | $27K | 78% |
| Year 2 | $23K | 67% |
| Year 3 | $20K | 58% |
| Year 4 | $18K | 51% |
| Year 5 | $16K | 46% |
Depreciation based on mid-range segment averages.
GMC Canyon vs. Competitors in Venezuela
How does the GMC Canyon compare to similar cars available in Venezuela?
GMC
Canyon
Base Price
$35K
Annual Cost in Venezuela
$8K
Toyota
Camry
Base Price
$28K
Annual Cost in Venezuela
$7K
Honda
Accord
Base Price
$30K
Annual Cost in Venezuela
$7K
Mazda
Mazda6
Base Price
$27K
Annual Cost in Venezuela
$7K
Annual costs estimated for Venezuela market. Import duty (20%) and VAT (16%) applied to all models.
🇻🇪 Owning a Car in Venezuela
Near-free fuel but economic instability.
Very Expensive for Venezuela
Annual car costs = 443% of average Venezuela income ($2K/yr)
Average Annual Income
$2K
In Venezuela
Fuel Price
Bs0.01/L
Gasoline dominant
Avg Car Insurance
$100
Per year
Import Duty
20%
On vehicle value
VAT / Sales Tax
16%
Applied at purchase
Driving Side
Right-hand
South America
Popular Car Brands in Venezuela
GMC Canyon in Venezuela — Frequently Asked Questions
Common questions about owning a GMC Canyon in Venezuela.
The 2024 GMC Canyon has a base price of $35,000 USD. In Venezuela, after 20% import duty and 16% VAT, the total purchase price is approximately $48,720 USD (Bs48,720 VES).