2024 Hyundai Ioniq 5 NTrue Cost of Ownership in South Africa
641 hp all-electric. Full cost breakdown including import duty (25%), VAT (15%), insurance, fuel at R1.15/L, maintenance, and depreciation.
Purchase Price
$96K
Base: $67K
Annual Total
$31K
Insurance + fuel + maintenance
Import Duty
$17K
25% of base price
VAT
$13K
15% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$253K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 N — Full Cost Breakdown in South Africa
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $67K |
| Import Duty (25%) | $17K |
| VAT / Sales Tax (15%) | $13K |
| Total Purchase Price | $96K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $13K |
| Annual Depreciation | $13K |
| Registration & Road Tax | $400 |
| Total Annual Running Cost | $31K |
| 5-Year Total Cost of Ownership | $253K |
| Cost Per Kilometer | $2.084 |
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 — South Africa
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,105
USD equivalent
Monthly Fuel Cost
$259
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$20.70
18L × R1.15
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 South Africa
How does the Hyundai Ioniq 5 N compare to similar cars available in South Africa?
Hyundai
Ioniq 5 N
Base Price
$67K
Annual Cost in South Africa
$31K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in South Africa
$35K
McLaren
720S
Base Price
$300K
Annual Cost in South Africa
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in South Africa
$40K
Annual costs estimated for South Africa market. Import duty (25%) and VAT (15%) applied to all models.
🇿🇦 Owning a Car in South Africa
High import duties on most vehicles.
Very Expensive for South Africa
Annual car costs = 447% of average South Africa income ($7K/yr)
Average Annual Income
$7K
In South Africa
Fuel Price
R1.15/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
25%
On vehicle value
VAT / Sales Tax
15%
Applied at purchase
Driving Side
Left-hand
Africa
Popular Car Brands in South Africa
Hyundai Ioniq 5 N in South Africa — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 N in South Africa.
The 2024 Hyundai Ioniq 5 N has a base price of $67,000 USD. In South Africa, after 25% import duty and 15% VAT, the total purchase price is approximately $96,313 USD (R96,313 ZAR).