Genesis GV70 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩39,540,880
Monthly average ₩659,015|Cost per km ₩527/km| Depreciation | ₩14,094,000 | 36% |
|---|---|---|
| Fuel | ₩12,500,000 | 32% |
| Insurance | ₩5,500,000 | 14% |
| Vehicle tax | ₩2,596,880 | 7% |
| Maintenance | ₩4,850,000 | 12% |
| Total | ₩39,540,880 |
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 | ₩3,132,000 | ₩2,500,000 | ₩1,100,000 | ₩584,298 | ₩850,000 | ₩8,166,298 |
| 2 | ₩3,132,000 | ₩2,500,000 | ₩1,100,000 | ₩551,837 | ₩1,000,000 | ₩16,450,135 |
| 3 | ₩3,132,000 | ₩2,500,000 | ₩1,100,000 | ₩519,376 | ₩1,000,000 | ₩24,701,511 |
| 4 | ₩2,610,000 | ₩2,500,000 | ₩1,100,000 | ₩486,915 | ₩1,000,000 | ₩32,398,426 |
| 5 | ₩2,088,000 | ₩2,500,000 | ₩1,100,000 | ₩454,454 | ₩1,000,000 | ₩39,540,880 |
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.