2021 Praga R1True Cost of Ownership in Venezuela
220 hp turbocharged inline-4. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at Bs0.01/L, maintenance, and depreciation.
Purchase Price
$285K
Base: $205K
Annual Total
$45K
Insurance + fuel + maintenance
Import Duty
$41K
20% of base price
VAT
$39K
16% applied
Annual Insurance
$100
Avg for this country
5-Year Total
$513K
Purchase + 5yr running costs
2021 Praga R1 — 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) | $205K |
| Import Duty (20%) | $41K |
| VAT / Sales Tax (16%) | $39K |
| Total Purchase Price | $285K |
| Annual Insurance | $100 |
| Annual Fuel Cost | $15 |
| Annual Maintenance | $179 |
| Annual Depreciation | $45K |
| Registration & Road Tax | $70 |
| Total Annual Running Cost | $45K |
| 5-Year Total Cost of Ownership | $513K |
| Cost Per Kilometer | $3.031 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Praga R1 Fuel Cost Calculator — Venezuela
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$15
USD equivalent
Monthly Fuel Cost
$1
Per month average
Annual Liters Used
1,500L
At 15,000 km/yr
Cost per 100km
$0.10
10L × Bs0.01
Praga R1 Depreciation Curve
The Praga R1 loses approximately $103K (50%) of its value over 5 years.
Year-by-Year Value
| New | $205K | 100% |
| Year 1 | $160K | 78% |
| Year 2 | $139K | 68% |
| Year 3 | $123K | 60% |
| Year 4 | $111K | 54% |
| Year 5 | $103K | 50% |
Depreciation based on sports segment averages.
Praga R1 vs. Competitors in Venezuela
How does the Praga R1 compare to similar cars available in Venezuela?
Praga
R1
Base Price
$205K
Annual Cost in Venezuela
$45K
Porsche
718 Cayman
Base Price
$65K
Annual Cost in Venezuela
$14K
BMW
M2
Base Price
$63K
Annual Cost in Venezuela
$14K
Toyota
GR86
Base Price
$30K
Annual Cost in Venezuela
$8K
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 = 2526% 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
Praga R1 in Venezuela — Frequently Asked Questions
Common questions about owning a Praga R1 in Venezuela.
The 2021 Praga R1 has a base price of $205,000 USD. In Venezuela, after 20% import duty and 16% VAT, the total purchase price is approximately $285,360 USD (Bs285,360 VES).