2024 Honda Odyssey EliteTrue Cost of Ownership in Mexico
280 hp V6. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at $0.8/L, maintenance, and depreciation.
Purchase Price
$70K
Base: $50K
Annual Total
$14K
Insurance + fuel + maintenance
Import Duty
$10K
20% of base price
VAT
$10K
16% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$140K
Purchase + 5yr running costs
2024 Honda Odyssey Elite — Full Cost Breakdown in Mexico
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $50K |
| Import Duty (20%) | $10K |
| VAT / Sales Tax (16%) | $10K |
| Total Purchase Price | $70K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $1K |
| Annual Depreciation | $10K |
| Registration & Road Tax | $450 |
| Total Annual Running Cost | $14K |
| 5-Year Total Cost of Ownership | $140K |
| Cost Per Kilometer | $0.945 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda Odyssey Elite Fuel Cost Calculator — Mexico
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,320
USD equivalent
Monthly Fuel Cost
$110
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$8.80
11L × $0.80
Honda Odyssey Elite Depreciation Curve
The Honda Odyssey Elite loses approximately $25K (49%) of its value over 5 years.
Year-by-Year Value
| New | $50K | 100% |
| Year 1 | $40K | 80% |
| Year 2 | $35K | 70% |
| Year 3 | $31K | 62% |
| Year 4 | $28K | 56% |
| Year 5 | $26K | 51% |
Depreciation based on suv segment averages.
Honda Odyssey Elite vs. Competitors in Mexico
How does the Honda Odyssey Elite compare to similar cars available in Mexico?
Honda
Odyssey Elite
Base Price
$50K
Annual Cost in Mexico
$14K
Toyota
RAV4
Base Price
$32K
Annual Cost in Mexico
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Mexico
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Mexico
$7K
Annual costs estimated for Mexico market. Import duty (20%) and VAT (16%) applied to all models.
🇲🇽 Owning a Car in Mexico
Low insurance costs, moderate fuel.
Very Expensive for Mexico
Annual car costs = 142% of average Mexico income ($10K/yr)
Average Annual Income
$10K
In Mexico
Fuel Price
$0.80/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
20%
On vehicle value
VAT / Sales Tax
16%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Mexico
Honda Odyssey Elite in Mexico — Frequently Asked Questions
Common questions about owning a Honda Odyssey Elite in Mexico.
The 2024 Honda Odyssey Elite has a base price of $50,000 USD. In Mexico, after 20% import duty and 16% VAT, the total purchase price is approximately $69,600 USD ($69,600 MXN).