2024 Hyundai Grand i10True Cost of Ownership in Venezuela
83 hp inline-4, popular Indian city car. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at Bs0.01/L, maintenance, and depreciation.
Purchase Price
$14K
Base: $10K
Annual Total
$2K
Insurance + fuel + maintenance
Import Duty
$2K
20% of base price
VAT
$2K
16% applied
Annual Insurance
$100
Avg for this country
5-Year Total
$25K
Purchase + 5yr running costs
2024 Hyundai Grand i10 — Full Cost Breakdown in Venezuela
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $10K |
| Import Duty (20%) | $2K |
| VAT / Sales Tax (16%) | $2K |
| Total Purchase Price | $14K |
| Annual Insurance | $100 |
| Annual Fuel Cost | $9 |
| Annual Maintenance | $64 |
| Annual Depreciation | $2K |
| Registration & Road Tax | $70 |
| Total Annual Running Cost | $2K |
| 5-Year Total Cost of Ownership | $25K |
| Cost Per Kilometer | $0.150 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Grand i10 Fuel Cost Calculator — Venezuela
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$9
USD equivalent
Monthly Fuel Cost
$1
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$0.06
6L × Bs0.01
Hyundai Grand i10 Depreciation Curve
The Hyundai Grand i10 loses approximately $5K (49%) of its value over 5 years.
Year-by-Year Value
| New | $10K | 100% |
| Year 1 | $8K | 80% |
| Year 2 | $7K | 70% |
| Year 3 | $6K | 62% |
| Year 4 | $6K | 56% |
| Year 5 | $5K | 51% |
Depreciation based on economy segment averages.
Hyundai Grand i10 vs. Competitors in Venezuela
How does the Hyundai Grand i10 compare to similar cars available in Venezuela?
Hyundai
Grand i10
Base Price
$10K
Annual Cost in Venezuela
$2K
Toyota
Yaris
Base Price
$22K
Annual Cost in Venezuela
$4K
Honda
Fit
Base Price
$21K
Annual Cost in Venezuela
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in Venezuela
$4K
Annual costs estimated for Venezuela market. Import duty (20%) and VAT (16%) applied to all models.
🇻🇪 Owning a Car in Venezuela
Near-free fuel but economic instability.
Very Expensive for Venezuela
Annual car costs = 125% of average Venezuela income ($2K/yr)
Average Annual Income
$2K
In Venezuela
Fuel Price
Bs0.01/L
Gasoline dominant
Avg Car Insurance
$100
Per year
Import Duty
20%
On vehicle value
VAT / Sales Tax
16%
Applied at purchase
Driving Side
Right-hand
South America
Popular Car Brands in Venezuela
Hyundai Grand i10 in Venezuela — Frequently Asked Questions
Common questions about owning a Hyundai Grand i10 in Venezuela.
The 2024 Hyundai Grand i10 has a base price of $10,000 USD. In Venezuela, after 20% import duty and 16% VAT, the total purchase price is approximately $13,920 USD (Bs13,920 VES).