2024 Lexus LS 500True Cost of Ownership in China
416 hp twin-turbo V6. Full cost breakdown including import duty (15%), VAT (13%), insurance, fuel at ¥1.1/L, maintenance, and depreciation.
Purchase Price
$104K
Base: $80K
Annual Total
$27K
Insurance + fuel + maintenance
Import Duty
$12K
15% of base price
VAT
$12K
13% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$241K
Purchase + 5yr running costs
2024 Lexus LS 500 — Full Cost Breakdown in China
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $80K |
| Import Duty (15%) | $12K |
| VAT / Sales Tax (13%) | $12K |
| Total Purchase Price | $104K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $3K |
| Annual Depreciation | $20K |
| Registration & Road Tax | $900 |
| Total Annual Running Cost | $27K |
| 5-Year Total Cost of Ownership | $241K |
| Cost Per Kilometer | $1.821 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Lexus LS 500 Fuel Cost Calculator — China
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,980
USD equivalent
Monthly Fuel Cost
$165
Per month average
Annual Liters Used
1,800L
At 15,000 km/yr
Cost per 100km
$13.20
12L × ¥1.10
Lexus LS 500 Depreciation Curve
The Lexus LS 500 loses approximately $43K (54%) of its value over 5 years.
Year-by-Year Value
| New | $80K | 100% |
| Year 1 | $60K | 75% |
| Year 2 | $52K | 65% |
| Year 3 | $46K | 57% |
| Year 4 | $41K | 51% |
| Year 5 | $37K | 46% |
Depreciation based on luxury segment averages.
Lexus LS 500 vs. Competitors in China
How does the Lexus LS 500 compare to similar cars available in China?
Lexus
LS 500
Base Price
$80K
Annual Cost in China
$27K
BMW
3 Series
Base Price
$45K
Annual Cost in China
$12K
Mercedes-Benz
C-Class
Base Price
$47K
Annual Cost in China
$13K
Audi
A4
Base Price
$44K
Annual Cost in China
$12K
Annual costs estimated for China market. Import duty (15%) and VAT (13%) applied to all models.
🇨🇳 Owning a Car in China
License plate lottery in major cities.
Very Expensive for China
Annual car costs = 228% of average China income ($12K/yr)
Average Annual Income
$12K
In China
Fuel Price
¥1.10/L
Mixed dominant
Avg Car Insurance
$1K
Per year
Import Duty
15%
On vehicle value
VAT / Sales Tax
13%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in China
Lexus LS 500 in China — Frequently Asked Questions
Common questions about owning a Lexus LS 500 in China.
The 2024 Lexus LS 500 has a base price of $80,000 USD. In China, after 15% import duty and 13% VAT, the total purchase price is approximately $103,960 USD (¥103,960 CNY).