Land Rover Defender 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩58,979,983
Monthly average ₩983,000|Cost per km ₩786/km| Depreciation | ₩26,432,000 | 45% |
|---|---|---|
| Fuel | ₩14,732,143 | 25% |
| Insurance | ₩5,500,000 | 9% |
| Vehicle tax | ₩3,115,840 | 5% |
| Maintenance | ₩9,200,000 | 16% |
| Total | ₩58,979,983 |
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 | ₩7,552,000 | ₩2,946,429 | ₩1,100,000 | ₩701,064 | ₩1,600,000 | ₩13,899,493 |
| 2 | ₩5,664,000 | ₩2,946,429 | ₩1,100,000 | ₩662,116 | ₩1,900,000 | ₩26,172,037 |
| 3 | ₩4,720,000 | ₩2,946,429 | ₩1,100,000 | ₩623,168 | ₩1,900,000 | ₩37,461,634 |
| 4 | ₩4,720,000 | ₩2,946,429 | ₩1,100,000 | ₩584,220 | ₩1,900,000 | ₩48,712,282 |
| 5 | ₩3,776,000 | ₩2,946,429 | ₩1,100,000 | ₩545,272 | ₩1,900,000 | ₩58,979,983 |
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.