Hyundai Grandeur 2020 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩29,683,888
Monthly average ₩494,731|Cost per km ₩396/km| Depreciation | ₩7,497,000 | 25% |
|---|---|---|
| Fuel | ₩10,576,923 | 36% |
| Insurance | ₩5,500,000 | 19% |
| Vehicle tax | ₩2,109,965 | 7% |
| Maintenance | ₩4,000,000 | 13% |
| Total | ₩29,683,888 |
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 | ₩1,785,000 | ₩2,115,385 | ₩1,100,000 | ₩486,915 | ₩800,000 | ₩6,287,300 |
| 2 | ₩1,428,000 | ₩2,115,385 | ₩1,100,000 | ₩454,454 | ₩800,000 | ₩12,185,138 |
| 3 | ₩1,428,000 | ₩2,115,385 | ₩1,100,000 | ₩421,993 | ₩800,000 | ₩18,050,516 |
| 4 | ₩1,071,000 | ₩2,115,385 | ₩1,100,000 | ₩389,532 | ₩800,000 | ₩23,526,432 |
| 5 | ₩1,785,000 | ₩2,115,385 | ₩1,100,000 | ₩357,071 | ₩800,000 | ₩29,683,888 |
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.