2023 Praga R1RTrue Cost of Ownership in Canada
220 hp turbocharged inline-4. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$279K
Base: $250K
Annual Total
$84K
Insurance + fuel + maintenance
Import Duty
$15K
6.1% of base price
VAT
$13K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$696K
Purchase + 5yr running costs
2023 Praga R1R — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $250K |
| Import Duty (6.1%) | $15K |
| VAT / Sales Tax (5%) | $13K |
| Total Purchase Price | $279K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $4K |
| Annual Maintenance | $39K |
| Annual Depreciation | $38K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $84K |
| 5-Year Total Cost of Ownership | $696K |
| Cost Per Kilometer | $5.570 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Praga R1R Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,960
USD equivalent
Monthly Fuel Cost
$330
Per month average
Annual Liters Used
3,300L
At 15,000 km/yr
Cost per 100km
$26.40
22L × C$1.20
Praga R1R Depreciation Curve
The Praga R1R loses approximately $88K (35%) of its value over 5 years.
Year-by-Year Value
| New | $250K | 100% |
| Year 1 | $213K | 85% |
| Year 2 | $195K | 78% |
| Year 3 | $180K | 72% |
| Year 4 | $170K | 68% |
| Year 5 | $163K | 65% |
Depreciation based on hypercar segment averages.
Praga R1R vs. Competitors in Canada
How does the Praga R1R compare to similar cars available in Canada?
Praga
R1R
Base Price
$250K
Annual Cost in Canada
$84K
Bugatti
Chiron
Base Price
$3.0M
Annual Cost in Canada
$350K
Koenigsegg
Jesko
Base Price
$3.0M
Annual Cost in Canada
$320K
Pagani
Huayra
Base Price
$1.4M
Annual Cost in Canada
$180K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Very Expensive for Canada
Annual car costs = 174% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Praga R1R in Canada — Frequently Asked Questions
Common questions about owning a Praga R1R in Canada.
The 2023 Praga R1R has a base price of $250,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $278,513 USD (C$278,513 CAD).