2020 Honda Fit SportTrue Cost of Ownership in Canada
130 hp inline-4. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$22K
Base: $20K
Annual Total
$9K
Insurance + fuel + maintenance
Import Duty
$1K
6.1% of base price
VAT
$1K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$69K
Purchase + 5yr running costs
2020 Honda Fit Sport — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $20K |
| Import Duty (6.1%) | $1K |
| VAT / Sales Tax (5%) | $1K |
| Total Purchase Price | $22K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $1K |
| Annual Depreciation | $4K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $9K |
| 5-Year Total Cost of Ownership | $69K |
| Cost Per Kilometer | $0.620 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda Fit Sport Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,080
USD equivalent
Monthly Fuel Cost
$90
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$7.20
6L × C$1.20
Honda Fit Sport Depreciation Curve
The Honda Fit Sport loses approximately $10K (49%) of its value over 5 years.
Year-by-Year Value
| New | $20K | 100% |
| Year 1 | $16K | 80% |
| Year 2 | $14K | 70% |
| Year 3 | $12K | 62% |
| Year 4 | $11K | 56% |
| Year 5 | $10K | 51% |
Depreciation based on economy segment averages.
Honda Fit Sport vs. Competitors in Canada
How does the Honda Fit Sport compare to similar cars available in Canada?
Honda
Fit Sport
Base Price
$20K
Annual Cost in Canada
$9K
Toyota
Yaris
Base Price
$22K
Annual Cost in Canada
$4K
Honda
Fit
Base Price
$21K
Annual Cost in Canada
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in Canada
$4K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Affordable for Canada
Annual car costs = 19% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Honda Fit Sport in Canada — Frequently Asked Questions
Common questions about owning a Honda Fit Sport in Canada.
The 2020 Honda Fit Sport has a base price of $20,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $22,281 USD (C$22,281 CAD).