Genesis G70 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩36,257,341
Monthly average ₩604,289|Cost per km ₩483/km| Depreciation | ₩12,264,000 | 34% |
|---|---|---|
| Fuel | ₩11,565,421 | 32% |
| Insurance | ₩5,500,000 | 15% |
| Vehicle tax | ₩2,077,920 | 6% |
| Maintenance | ₩4,850,000 | 13% |
| Total | ₩36,257,341 |
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 | ₩3,504,000 | ₩2,313,084 | ₩1,100,000 | ₩467,532 | ₩850,000 | ₩8,234,616 |
| 2 | ₩2,628,000 | ₩2,313,084 | ₩1,100,000 | ₩441,558 | ₩1,000,000 | ₩15,717,258 |
| 3 | ₩2,190,000 | ₩2,313,084 | ₩1,100,000 | ₩415,584 | ₩1,000,000 | ₩22,735,926 |
| 4 | ₩2,190,000 | ₩2,313,084 | ₩1,100,000 | ₩389,610 | ₩1,000,000 | ₩29,728,620 |
| 5 | ₩1,752,000 | ₩2,313,084 | ₩1,100,000 | ₩363,636 | ₩1,000,000 | ₩36,257,341 |
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.