KG Mobility Chairman W 2016 5-year cost to own
Estimated from segment averageBased on South Korea regulations
Assumptions
5-year total cost
₩40,071,494
Monthly average ₩667,858|Cost per km ₩534/km| Depreciation | ₩9,786,000 | 24% |
|---|---|---|
| Fuel | ₩15,664,557 | 39% |
| Insurance | ₩5,500,000 | 14% |
| Vehicle tax | ₩2,120,937 | 5% |
| Maintenance | ₩7,000,000 | 17% |
| Total | ₩40,071,494 |
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 | ₩2,330,000 | ₩3,132,911 | ₩1,100,000 | ₩457,457 | ₩1,400,000 | ₩8,420,368 |
| 2 | ₩2,330,000 | ₩3,132,911 | ₩1,100,000 | ₩415,870 | ₩1,400,000 | ₩16,799,150 |
| 3 | ₩2,330,000 | ₩3,132,911 | ₩1,100,000 | ₩415,870 | ₩1,400,000 | ₩25,177,931 |
| 4 | ₩2,330,000 | ₩3,132,911 | ₩1,100,000 | ₩415,870 | ₩1,400,000 | ₩33,556,713 |
| 5 | ₩466,000 | ₩3,132,911 | ₩1,100,000 | ₩415,870 | ₩1,400,000 | ₩40,071,494 |
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.