Land Rover Defender 2024 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩64,748,723
Monthly average ₩1,079,145|Cost per km ₩863/km| Depreciation | ₩32,606,000 | 50% |
|---|---|---|
| Fuel | ₩14,732,143 | 23% |
| Insurance | ₩5,500,000 | 8% |
| Vehicle tax | ₩3,310,580 | 5% |
| Maintenance | ₩8,600,000 | 13% |
| Total | ₩64,748,723 |
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 | ₩9,590,000 | ₩2,946,429 | ₩1,100,000 | ₩740,012 | ₩1,300,000 | ₩15,676,441 |
| 2 | ₩7,672,000 | ₩2,946,429 | ₩1,100,000 | ₩701,064 | ₩1,600,000 | ₩29,695,933 |
| 3 | ₩5,754,000 | ₩2,946,429 | ₩1,100,000 | ₩662,116 | ₩1,900,000 | ₩42,058,478 |
| 4 | ₩4,795,000 | ₩2,946,429 | ₩1,100,000 | ₩623,168 | ₩1,900,000 | ₩53,423,074 |
| 5 | ₩4,795,000 | ₩2,946,429 | ₩1,100,000 | ₩584,220 | ₩1,900,000 | ₩64,748,723 |
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.