2024 Hyundai Ioniq 5True Cost of Ownership in Colombia
320 hp all-electric. Full cost breakdown including import duty (35%), VAT (19%), insurance, fuel at $0.85/L, maintenance, and depreciation.
Purchase Price
$67K
Base: $42K
Annual Total
$14K
Insurance + fuel + maintenance
Import Duty
$15K
35% of base price
VAT
$11K
19% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$138K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 — Full Cost Breakdown in Colombia
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $42K |
| Import Duty (35%) | $15K |
| VAT / Sales Tax (19%) | $11K |
| Total Purchase Price | $67K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $900 |
| Annual Depreciation | $12K |
| Registration & Road Tax | $400 |
| Total Annual Running Cost | $14K |
| 5-Year Total Cost of Ownership | $138K |
| Cost Per Kilometer | $0.941 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Ioniq 5 Fuel Cost Calculator — Colombia
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
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⚡ Electric Vehicle
The Hyundai Ioniq 5 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Colombia.
$0 Fuel Cost
Electric vehicle — no gasoline required
Hyundai Ioniq 5 Depreciation Curve
The Hyundai Ioniq 5 loses approximately $24K (57%) of its value over 5 years.
Year-by-Year Value
| New | $42K | 100% |
| Year 1 | $30K | 72% |
| Year 2 | $26K | 62% |
| Year 3 | $23K | 54% |
| Year 4 | $20K | 48% |
| Year 5 | $18K | 43% |
Depreciation based on electric segment averages.
Hyundai Ioniq 5 vs. Competitors in Colombia
How does the Hyundai Ioniq 5 compare to similar cars available in Colombia?
Hyundai
Ioniq 5
Base Price
$42K
Annual Cost in Colombia
$14K
Tesla
Model 3
Base Price
$42K
Annual Cost in Colombia
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Colombia
$5K
BMW
i4
Base Price
$56K
Annual Cost in Colombia
$8K
Annual costs estimated for Colombia market. Import duty (35%) and VAT (19%) applied to all models.
🇨🇴 Owning a Car in Colombia
High import taxes on foreign vehicles.
Very Expensive for Colombia
Annual car costs = 202% of average Colombia income ($7K/yr)
Average Annual Income
$7K
In Colombia
Fuel Price
$0.85/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
35%
On vehicle value
VAT / Sales Tax
19%
Applied at purchase
Driving Side
Right-hand
South America
Popular Car Brands in Colombia
Hyundai Ioniq 5 in Colombia — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 in Colombia.
The 2024 Hyundai Ioniq 5 has a base price of $42,000 USD. In Colombia, after 35% import duty and 19% VAT, the total purchase price is approximately $67,473 USD ($67,473 COP).