2024 Honda Passport EliteTrue Cost of Ownership in Malaysia
280 hp V6. Full cost breakdown including import duty (30%), VAT (6%), insurance, fuel at RM0.52/L, maintenance, and depreciation.
Purchase Price
$62K
Base: $45K
Annual Total
$13K
Insurance + fuel + maintenance
Import Duty
$14K
30% of base price
VAT
$4K
6% applied
Annual Insurance
$950
Avg for this country
5-Year Total
$126K
Purchase + 5yr running costs
2024 Honda Passport Elite — Full Cost Breakdown in Malaysia
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $45K |
| Import Duty (30%) | $14K |
| VAT / Sales Tax (6%) | $4K |
| Total Purchase Price | $62K |
| Annual Insurance | $950 |
| Annual Fuel Cost | $858 |
| Annual Maintenance | $1K |
| Annual Depreciation | $9K |
| Registration & Road Tax | $700 |
| Total Annual Running Cost | $13K |
| 5-Year Total Cost of Ownership | $126K |
| Cost Per Kilometer | $0.849 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda Passport Elite Fuel Cost Calculator — Malaysia
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$858
USD equivalent
Monthly Fuel Cost
$72
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$5.72
11L × RM0.52
Honda Passport Elite Depreciation Curve
The Honda Passport Elite 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.
Honda Passport Elite vs. Competitors in Malaysia
How does the Honda Passport Elite compare to similar cars available in Malaysia?
Honda
Passport Elite
Base Price
$45K
Annual Cost in Malaysia
$13K
Toyota
RAV4
Base Price
$32K
Annual Cost in Malaysia
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Malaysia
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Malaysia
$7K
Annual costs estimated for Malaysia market. Import duty (30%) and VAT (6%) applied to all models.
🇲🇾 Owning a Car in Malaysia
Heavily subsidized fuel. Proton/Perodua cheap.
Very Expensive for Malaysia
Annual car costs = 106% of average Malaysia income ($12K/yr)
Average Annual Income
$12K
In Malaysia
Fuel Price
RM0.52/L
Gasoline dominant
Avg Car Insurance
$950
Per year
Import Duty
30%
On vehicle value
VAT / Sales Tax
6%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Malaysia
Honda Passport Elite in Malaysia — Frequently Asked Questions
Common questions about owning a Honda Passport Elite in Malaysia.
The 2024 Honda Passport Elite has a base price of $45,000 USD. In Malaysia, after 30% import duty and 6% VAT, the total purchase price is approximately $62,010 USD (RM62,010 MYR).