BMW 3 Series 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩41,857,080
Monthly average ₩697,618|Cost per km ₩558/km| Depreciation | ₩17,080,000 | 41% |
|---|---|---|
| Fuel | ₩10,399,160 | 25% |
| Insurance | ₩5,500,000 | 13% |
| Vehicle tax | ₩2,077,920 | 5% |
| Maintenance | ₩6,800,000 | 16% |
| Total | ₩41,857,080 |
Vehicle tax: engine-based rates with age reduction (flat rate for EVs) · Insurance uses a reference range by age band, not a quote
Cumulative cost by year
View data table
| Year | Depreciation | Fuel | Insurance | Vehicle tax | Maintenance | Total |
|---|---|---|---|---|---|---|
| 1 | ₩4,880,000 | ₩2,079,832 | ₩1,100,000 | ₩467,532 | ₩1,200,000 | ₩9,727,364 |
| 2 | ₩3,660,000 | ₩2,079,832 | ₩1,100,000 | ₩441,558 | ₩1,400,000 | ₩18,408,754 |
| 3 | ₩3,050,000 | ₩2,079,832 | ₩1,100,000 | ₩415,584 | ₩1,400,000 | ₩26,454,170 |
| 4 | ₩3,050,000 | ₩2,079,832 | ₩1,100,000 | ₩389,610 | ₩1,400,000 | ₩34,473,612 |
| 5 | ₩2,440,000 | ₩2,079,832 | ₩1,100,000 | ₩363,636 | ₩1,400,000 | ₩41,857,080 |
The results are estimates based on public statistics and may differ from actual transaction prices and real costs. See how we calculate
Frequently asked questions
Q.What is included in the 5-year TCO?
Depreciation, fuel or charging, insurance reference cost, vehicle tax with age reduction, and maintenance by cost grade.
Q.How is Korean vehicle tax calculated?
Engine size × rate (80/140/200 KRW per cc) plus 30% education tax, reduced 5% yearly from year 3 up to 50%. EVs pay a flat amount.
Q.Why show cost per km?
Cost per km makes cars of different classes comparable and shows what each kilometer actually costs you.