2024 Smart 1True Cost of Ownership in Venezuela
272 hp all-electric. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at Bs0.01/L, maintenance, and depreciation.
Purchase Price
$42K
Base: $30K
Annual Total
$9K
Insurance + fuel + maintenance
Import Duty
$6K
20% of base price
VAT
$6K
16% applied
Annual Insurance
$100
Avg for this country
5-Year Total
$85K
Purchase + 5yr running costs
2024 Smart 1 — 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) | $30K |
| Import Duty (20%) | $6K |
| VAT / Sales Tax (16%) | $6K |
| Total Purchase Price | $42K |
| Annual Insurance | $100 |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $86 |
| Annual Depreciation | $8K |
| Registration & Road Tax | $70 |
| Total Annual Running Cost | $9K |
| 5-Year Total Cost of Ownership | $85K |
| Cost Per Kilometer | $0.577 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Smart 1 Fuel Cost Calculator — Venezuela
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Smart 1 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Venezuela.
$0 Fuel Cost
Electric vehicle — no gasoline required
Smart 1 Depreciation Curve
The Smart 1 loses approximately $17K (57%) of its value over 5 years.
Year-by-Year Value
| New | $30K | 100% |
| Year 1 | $22K | 72% |
| Year 2 | $19K | 62% |
| Year 3 | $16K | 54% |
| Year 4 | $14K | 48% |
| Year 5 | $13K | 43% |
Depreciation based on electric segment averages.
Smart 1 vs. Competitors in Venezuela
How does the Smart 1 compare to similar cars available in Venezuela?
Smart
1
Base Price
$30K
Annual Cost in Venezuela
$9K
Tesla
Model 3
Base Price
$42K
Annual Cost in Venezuela
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Venezuela
$5K
BMW
i4
Base Price
$56K
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 = 481% 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
Smart 1 in Venezuela — Frequently Asked Questions
Common questions about owning a Smart 1 in Venezuela.
The 2024 Smart 1 has a base price of $30,000 USD. In Venezuela, after 20% import duty and 16% VAT, the total purchase price is approximately $41,760 USD (Bs41,760 VES).