Mercedes-Benz E-Class 2024 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩51,342,222
Monthly average ₩855,704|Cost per km ₩685/km| Depreciation | ₩26,282,000 | 51% |
|---|---|---|
| Fuel | ₩10,951,327 | 21% |
| Insurance | ₩5,500,000 | 11% |
| Vehicle tax | ₩2,208,895 | 4% |
| Maintenance | ₩6,400,000 | 12% |
| Total | ₩51,342,222 |
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 | ₩7,730,000 | ₩2,190,265 | ₩1,100,000 | ₩493,753 | ₩1,000,000 | ₩12,514,018 |
| 2 | ₩6,184,000 | ₩2,190,265 | ₩1,100,000 | ₩467,766 | ₩1,200,000 | ₩23,656,050 |
| 3 | ₩4,638,000 | ₩2,190,265 | ₩1,100,000 | ₩441,779 | ₩1,400,000 | ₩33,426,094 |
| 4 | ₩3,865,000 | ₩2,190,265 | ₩1,100,000 | ₩415,792 | ₩1,400,000 | ₩42,397,152 |
| 5 | ₩3,865,000 | ₩2,190,265 | ₩1,100,000 | ₩389,805 | ₩1,400,000 | ₩51,342,222 |
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.