Genesis GV70 2020 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩36,065,965
Monthly average ₩601,099|Cost per km ₩481/km| Depreciation | ₩10,956,000 | 30% |
|---|---|---|
| Fuel | ₩12,500,000 | 35% |
| Insurance | ₩5,500,000 | 15% |
| Vehicle tax | ₩2,109,965 | 6% |
| Maintenance | ₩5,000,000 | 14% |
| Total | ₩36,065,965 |
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 | ₩2,490,000 | ₩2,500,000 | ₩1,100,000 | ₩486,915 | ₩1,000,000 | ₩7,576,915 |
| 2 | ₩1,992,000 | ₩2,500,000 | ₩1,100,000 | ₩454,454 | ₩1,000,000 | ₩14,623,369 |
| 3 | ₩1,992,000 | ₩2,500,000 | ₩1,100,000 | ₩421,993 | ₩1,000,000 | ₩21,637,362 |
| 4 | ₩1,992,000 | ₩2,500,000 | ₩1,100,000 | ₩389,532 | ₩1,000,000 | ₩28,618,894 |
| 5 | ₩2,490,000 | ₩2,500,000 | ₩1,100,000 | ₩357,071 | ₩1,000,000 | ₩36,065,965 |
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.