2024 Hyundai Ioniq 5 NTrue Cost of Ownership in Mexico
641 hp all-electric. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at $0.8/L, maintenance, and depreciation.
Purchase Price
$93K
Base: $67K
Annual Total
$26K
Insurance + fuel + maintenance
Import Duty
$13K
20% of base price
VAT
$13K
16% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$224K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 N — 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) | $67K |
| Import Duty (20%) | $13K |
| VAT / Sales Tax (16%) | $13K |
| Total Purchase Price | $93K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $9K |
| Annual Depreciation | $13K |
| Registration & Road Tax | $450 |
| Total Annual Running Cost | $26K |
| 5-Year Total Cost of Ownership | $224K |
| Cost Per Kilometer | $1.737 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Ioniq 5 N Fuel Cost Calculator — Mexico
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,160
USD equivalent
Monthly Fuel Cost
$180
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$14.40
18L × $0.80
Hyundai Ioniq 5 N Depreciation Curve
The Hyundai Ioniq 5 N loses approximately $29K (44%) of its value over 5 years.
Year-by-Year Value
| New | $67K | 100% |
| Year 1 | $54K | 80% |
| Year 2 | $48K | 72% |
| Year 3 | $44K | 65% |
| Year 4 | $40K | 60% |
| Year 5 | $38K | 56% |
Depreciation based on exotic segment averages.
Hyundai Ioniq 5 N vs. Competitors in Mexico
How does the Hyundai Ioniq 5 N compare to similar cars available in Mexico?
Hyundai
Ioniq 5 N
Base Price
$67K
Annual Cost in Mexico
$26K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Mexico
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Mexico
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Mexico
$40K
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 = 261% 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
Hyundai Ioniq 5 N in Mexico — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 N in Mexico.
The 2024 Hyundai Ioniq 5 N has a base price of $67,000 USD. In Mexico, after 20% import duty and 16% VAT, the total purchase price is approximately $93,264 USD ($93,264 MXN).