2024 Mercedes-Benz GLE 350True Cost of Ownership in Venezuela
255 hp turbocharged inline-4. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at Bs0.01/L, maintenance, and depreciation.
Purchase Price
$84K
Base: $60K
Annual Total
$12K
Insurance + fuel + maintenance
Import Duty
$12K
20% of base price
VAT
$12K
16% applied
Annual Insurance
$100
Avg for this country
5-Year Total
$145K
Purchase + 5yr running costs
2024 Mercedes-Benz GLE 350 — 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) | $60K |
| Import Duty (20%) | $12K |
| VAT / Sales Tax (16%) | $12K |
| Total Purchase Price | $84K |
| Annual Insurance | $100 |
| Annual Fuel Cost | $17 |
| Annual Maintenance | $129 |
| Annual Depreciation | $12K |
| Registration & Road Tax | $70 |
| Total Annual Running Cost | $12K |
| 5-Year Total Cost of Ownership | $145K |
| Cost Per Kilometer | $0.821 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Mercedes-Benz GLE 350 Fuel Cost Calculator — Venezuela
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$17
USD equivalent
Monthly Fuel Cost
$1
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$0.11
11L × Bs0.01
Mercedes-Benz GLE 350 Depreciation Curve
The Mercedes-Benz GLE 350 loses approximately $29K (49%) of its value over 5 years.
Year-by-Year Value
| New | $60K | 100% |
| Year 1 | $48K | 80% |
| Year 2 | $42K | 70% |
| Year 3 | $37K | 62% |
| Year 4 | $34K | 56% |
| Year 5 | $31K | 51% |
Depreciation based on suv segment averages.
Mercedes-Benz GLE 350 vs. Competitors in Venezuela
How does the Mercedes-Benz GLE 350 compare to similar cars available in Venezuela?
Mercedes-Benz
GLE 350
Base Price
$60K
Annual Cost in Venezuela
$12K
Toyota
RAV4
Base Price
$32K
Annual Cost in Venezuela
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Venezuela
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Venezuela
$7K
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 = 684% 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
Mercedes-Benz GLE 350 in Venezuela — Frequently Asked Questions
Common questions about owning a Mercedes-Benz GLE 350 in Venezuela.
The 2024 Mercedes-Benz GLE 350 has a base price of $60,000 USD. In Venezuela, after 20% import duty and 16% VAT, the total purchase price is approximately $83,520 USD (Bs83,520 VES).
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