2024 Hyundai Ioniq 5 NTrue Cost of Ownership in Venezuela
641 hp all-electric. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at Bs0.01/L, maintenance, and depreciation.
Purchase Price
$93K
Base: $67K
Annual Total
$14K
Insurance + fuel + maintenance
Import Duty
$13K
20% of base price
VAT
$13K
16% applied
Annual Insurance
$100
Avg for this country
5-Year Total
$166K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 N — 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) | $67K |
| Import Duty (20%) | $13K |
| VAT / Sales Tax (16%) | $13K |
| Total Purchase Price | $93K |
| Annual Insurance | $100 |
| Annual Fuel Cost | $27 |
| Annual Maintenance | $857 |
| Annual Depreciation | $13K |
| Registration & Road Tax | $70 |
| Total Annual Running Cost | $14K |
| 5-Year Total Cost of Ownership | $166K |
| Cost Per Kilometer | $0.964 |
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 — Venezuela
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$27
USD equivalent
Monthly Fuel Cost
$2
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$0.18
18L × Bs0.01
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 Venezuela
How does the Hyundai Ioniq 5 N compare to similar cars available in Venezuela?
Hyundai
Ioniq 5 N
Base Price
$67K
Annual Cost in Venezuela
$14K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Venezuela
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Venezuela
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Venezuela
$40K
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 = 803% 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 Ioniq 5 N in Venezuela — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 N in Venezuela.
The 2024 Hyundai Ioniq 5 N has a base price of $67,000 USD. In Venezuela, after 20% import duty and 16% VAT, the total purchase price is approximately $93,264 USD (Bs93,264 VES).