2024 Honda Passport EliteTrue Cost of Ownership in Singapore
280 hp V6. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$69K
Base: $45K
Annual Total
$28K
Insurance + fuel + maintenance
Import Duty
$18K
41% of base price
VAT
$6K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$209K
Purchase + 5yr running costs
2024 Honda Passport Elite — Full Cost Breakdown in Singapore
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $45K |
| Import Duty (41%) | $18K |
| VAT / Sales Tax (9%) | $6K |
| Total Purchase Price | $69K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $4K |
| Annual Depreciation | $9K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $28K |
| 5-Year Total Cost of Ownership | $209K |
| Cost Per Kilometer | $1.862 |
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 — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,135
USD equivalent
Monthly Fuel Cost
$261
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$20.90
11L × S$1.90
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 Singapore
How does the Honda Passport Elite compare to similar cars available in Singapore?
Honda
Passport Elite
Base Price
$45K
Annual Cost in Singapore
$28K
Toyota
RAV4
Base Price
$32K
Annual Cost in Singapore
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Singapore
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Singapore
$7K
Annual costs estimated for Singapore market. Import duty (41%) and VAT (9%) applied to all models.
🇸🇬 Owning a Car in Singapore
COE system adds $50K–$100K to car cost.
Expensive for Singapore
Annual car costs = 48% of average Singapore income ($58K/yr)
Average Annual Income
$58K
In Singapore
Fuel Price
S$1.90/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
41%
On vehicle value
VAT / Sales Tax
9%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Singapore
Honda Passport Elite in Singapore — Frequently Asked Questions
Common questions about owning a Honda Passport Elite in Singapore.
The 2024 Honda Passport Elite has a base price of $45,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $69,161 USD (S$69,161 SGD).