2024 Toyota Kijang InnovaTrue Cost of Ownership in Singapore
166 hp turbocharged diesel inline-4, popular MPV. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$38K
Base: $25K
Annual Total
$21K
Insurance + fuel + maintenance
Import Duty
$10K
41% of base price
VAT
$3K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$142K
Purchase + 5yr running costs
2024 Toyota Kijang Innova — Full Cost Breakdown in Singapore
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $25K |
| Import Duty (41%) | $10K |
| VAT / Sales Tax (9%) | $3K |
| Total Purchase Price | $38K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $2K |
| Annual Depreciation | $5K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $21K |
| 5-Year Total Cost of Ownership | $142K |
| Cost Per Kilometer | $1.381 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Toyota Kijang Innova Fuel Cost Calculator — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,710
USD equivalent
Monthly Fuel Cost
$143
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$11.40
6L × S$1.90
Toyota Kijang Innova Depreciation Curve
The Toyota Kijang Innova loses approximately $12K (49%) of its value over 5 years.
Year-by-Year Value
| New | $25K | 100% |
| Year 1 | $20K | 80% |
| Year 2 | $18K | 70% |
| Year 3 | $16K | 62% |
| Year 4 | $14K | 56% |
| Year 5 | $13K | 51% |
Depreciation based on economy segment averages.
Toyota Kijang Innova vs. Competitors in Singapore
How does the Toyota Kijang Innova compare to similar cars available in Singapore?
Toyota
Kijang Innova
Base Price
$25K
Annual Cost in Singapore
$21K
Toyota
Yaris
Base Price
$22K
Annual Cost in Singapore
$4K
Honda
Fit
Base Price
$21K
Annual Cost in Singapore
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in Singapore
$4K
Annual costs estimated for Singapore market. Import duty (41%) and VAT (9%) applied to all models.
🇸🇬 Owning a Car in Singapore
COE system adds $50K–$100K to car cost.
Moderate for Singapore
Annual car costs = 36% of average Singapore income ($58K/yr)
Average Annual Income
$58K
In Singapore
Fuel Price
S$1.90/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
41%
On vehicle value
VAT / Sales Tax
9%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Singapore
Toyota Kijang Innova in Singapore — Frequently Asked Questions
Common questions about owning a Toyota Kijang Innova in Singapore.
The 2024 Toyota Kijang Innova has a base price of $25,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $38,423 USD (S$38,423 SGD).