2020 Honda FitTrue 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
$20K
Base: $18K
Annual Total
$9K
Insurance + fuel + maintenance
Import Duty
$1K
6.1% of base price
VAT
$955
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$65K
Purchase + 5yr running costs
2020 Honda Fit — 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) | $18K |
| Import Duty (6.1%) | $1K |
| VAT / Sales Tax (5%) | $955 |
| Total Purchase Price | $20K |
| 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 | $65K |
| Cost Per Kilometer | $0.593 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda Fit 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 Depreciation Curve
The Honda Fit loses approximately $9K (49%) of its value over 5 years.
Year-by-Year Value
| New | $18K | 100% |
| Year 1 | $14K | 80% |
| Year 2 | $13K | 70% |
| Year 3 | $11K | 62% |
| Year 4 | $10K | 56% |
| Year 5 | $9K | 51% |
Depreciation based on economy segment averages.
Honda Fit vs. Competitors in Canada
How does the Honda Fit compare to similar cars available in Canada?
Honda
Fit
Base Price
$18K
Annual Cost in Canada
$9K
Toyota
Yaris
Base Price
$22K
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 in Canada — Frequently Asked Questions
Common questions about owning a Honda Fit in Canada.
The 2020 Honda Fit has a base price of $18,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $20,053 USD (C$20,053 CAD).