2022 Praga R1True Cost of Ownership in Hong Kong
220 hp turbocharged inline-4. Full cost breakdown including import duty (115%), VAT (0%), insurance, fuel at HK$2.2/L, maintenance, and depreciation.
Purchase Price
$430K
Base: $200K
Annual Total
$60K
Insurance + fuel + maintenance
Import Duty
$230K
115% of base price
VAT
$0
0% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$729K
Purchase + 5yr running costs
2022 Praga R1 — Full Cost Breakdown in Hong Kong
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $200K |
| Import Duty (115%) | $230K |
| VAT / Sales Tax (0%) | $0 |
| Total Purchase Price | $430K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $4K |
| Annual Depreciation | $44K |
| Registration & Road Tax | $6K |
| Total Annual Running Cost | $60K |
| 5-Year Total Cost of Ownership | $729K |
| Cost Per Kilometer | $3.980 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Praga R1 Fuel Cost Calculator — Hong Kong
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,300
USD equivalent
Monthly Fuel Cost
$275
Per month average
Annual Liters Used
1,500L
At 15,000 km/yr
Cost per 100km
$22.00
10L × HK$2.20
Praga R1 Depreciation Curve
The Praga R1 loses approximately $100K (50%) of its value over 5 years.
Year-by-Year Value
| New | $200K | 100% |
| Year 1 | $156K | 78% |
| Year 2 | $136K | 68% |
| Year 3 | $120K | 60% |
| Year 4 | $108K | 54% |
| Year 5 | $100K | 50% |
Depreciation based on sports segment averages.
Praga R1 vs. Competitors in Hong Kong
How does the Praga R1 compare to similar cars available in Hong Kong?
Praga
R1
Base Price
$200K
Annual Cost in Hong Kong
$60K
Porsche
718 Cayman
Base Price
$65K
Annual Cost in Hong Kong
$14K
BMW
M2
Base Price
$63K
Annual Cost in Hong Kong
$14K
Toyota
GR86
Base Price
$30K
Annual Cost in Hong Kong
$8K
Annual costs estimated for Hong Kong market. Import duty (115%) and VAT (0%) applied to all models.
🇭🇰 Owning a Car in Hong Kong
First registration tax up to 115%. Fuel ~HK$20/L.
Very Expensive for Hong Kong
Annual car costs = 124% of average Hong Kong income ($48K/yr)
Average Annual Income
$48K
In Hong Kong
Fuel Price
HK$2.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
115%
On vehicle value
VAT / Sales Tax
0%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Hong Kong
Praga R1 in Hong Kong — Frequently Asked Questions
Common questions about owning a Praga R1 in Hong Kong.
The 2022 Praga R1 has a base price of $200,000 USD. In Hong Kong, after 115% import duty and 0% VAT, the total purchase price is approximately $430,000 USD (HK$430,000 HKD).