Mercedes-Benz E-Class 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩46,638,287
Monthly average ₩777,305|Cost per km ₩622/km| Depreciation | ₩21,308,000 | 46% |
|---|---|---|
| Fuel | ₩10,951,327 | 23% |
| Insurance | ₩5,500,000 | 12% |
| Vehicle tax | ₩2,078,960 | 4% |
| Maintenance | ₩6,800,000 | 15% |
| Total | ₩46,638,287 |
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 | ₩6,088,000 | ₩2,190,265 | ₩1,100,000 | ₩467,766 | ₩1,200,000 | ₩11,046,031 |
| 2 | ₩4,566,000 | ₩2,190,265 | ₩1,100,000 | ₩441,779 | ₩1,400,000 | ₩20,744,076 |
| 3 | ₩3,805,000 | ₩2,190,265 | ₩1,100,000 | ₩415,792 | ₩1,400,000 | ₩29,655,133 |
| 4 | ₩3,805,000 | ₩2,190,265 | ₩1,100,000 | ₩389,805 | ₩1,400,000 | ₩38,540,204 |
| 5 | ₩3,044,000 | ₩2,190,265 | ₩1,100,000 | ₩363,818 | ₩1,400,000 | ₩46,638,287 |
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.