Honda Accord Hybrid 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩32,018,149
Monthly average ₩533,636|Cost per km ₩427/km| Depreciation | ₩13,524,000 | 42% |
|---|---|---|
| Fuel | ₩7,071,429 | 22% |
| Insurance | ₩5,500,000 | 17% |
| Vehicle tax | ₩2,072,720 | 6% |
| Maintenance | ₩3,850,000 | 12% |
| Total | ₩32,018,149 |
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 | ₩3,864,000 | ₩1,414,286 | ₩1,100,000 | ₩466,362 | ₩650,000 | ₩7,494,648 |
| 2 | ₩2,898,000 | ₩1,414,286 | ₩1,100,000 | ₩440,453 | ₩800,000 | ₩14,147,386 |
| 3 | ₩2,415,000 | ₩1,414,286 | ₩1,100,000 | ₩414,544 | ₩800,000 | ₩20,291,216 |
| 4 | ₩2,415,000 | ₩1,414,286 | ₩1,100,000 | ₩388,635 | ₩800,000 | ₩26,409,137 |
| 5 | ₩1,932,000 | ₩1,414,286 | ₩1,100,000 | ₩362,726 | ₩800,000 | ₩32,018,149 |
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.