BMW i4 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩38,861,106
Monthly average ₩647,685|Cost per km ₩518/km| Depreciation | ₩20,300,000 | 52% |
|---|---|---|
| Charging | ₩5,585,106 | 14% |
| Insurance | ₩5,500,000 | 14% |
| Vehicle tax | ₩676,000 | 2% |
| Maintenance | ₩6,800,000 | 17% |
| Total | ₩38,861,106 |
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 | Charging | Insurance | Vehicle tax | Maintenance | Total |
|---|---|---|---|---|---|---|
| 1 | ₩5,800,000 | ₩1,117,021 | ₩1,100,000 | ₩152,100 | ₩1,200,000 | ₩9,369,121 |
| 2 | ₩4,350,000 | ₩1,117,021 | ₩1,100,000 | ₩143,650 | ₩1,400,000 | ₩17,479,793 |
| 3 | ₩3,625,000 | ₩1,117,021 | ₩1,100,000 | ₩135,200 | ₩1,400,000 | ₩24,857,014 |
| 4 | ₩3,625,000 | ₩1,117,021 | ₩1,100,000 | ₩126,750 | ₩1,400,000 | ₩32,225,785 |
| 5 | ₩2,900,000 | ₩1,117,021 | ₩1,100,000 | ₩118,300 | ₩1,400,000 | ₩38,861,106 |
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.