2024 Lexus LS 500True Cost of Ownership in Venezuela
416 hp twin-turbo V6. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at Bs0.01/L, maintenance, and depreciation.
Purchase Price
$111K
Base: $80K
Annual Total
$20K
Insurance + fuel + maintenance
Import Duty
$16K
20% of base price
VAT
$15K
16% applied
Annual Insurance
$100
Avg for this country
5-Year Total
$214K
Purchase + 5yr running costs
2024 Lexus LS 500 — 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) | $80K |
| Import Duty (20%) | $16K |
| VAT / Sales Tax (16%) | $15K |
| Total Purchase Price | $111K |
| Annual Insurance | $100 |
| Annual Fuel Cost | $18 |
| Annual Maintenance | $286 |
| Annual Depreciation | $20K |
| Registration & Road Tax | $70 |
| Total Annual Running Cost | $20K |
| 5-Year Total Cost of Ownership | $214K |
| Cost Per Kilometer | $1.365 |
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 — Venezuela
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$18
USD equivalent
Monthly Fuel Cost
$2
Per month average
Annual Liters Used
1,800L
At 15,000 km/yr
Cost per 100km
$0.12
12L × Bs0.01
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 Venezuela
How does the Lexus LS 500 compare to similar cars available in Venezuela?
Lexus
LS 500
Base Price
$80K
Annual Cost in Venezuela
$20K
BMW
3 Series
Base Price
$45K
Annual Cost in Venezuela
$12K
Mercedes-Benz
C-Class
Base Price
$47K
Annual Cost in Venezuela
$13K
Audi
A4
Base Price
$44K
Annual Cost in Venezuela
$12K
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 = 1137% 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
Lexus LS 500 in Venezuela — Frequently Asked Questions
Common questions about owning a Lexus LS 500 in Venezuela.
The 2024 Lexus LS 500 has a base price of $80,000 USD. In Venezuela, after 20% import duty and 16% VAT, the total purchase price is approximately $111,360 USD (Bs111,360 VES).