Hyundai IONIQ 2018 5-year cost to own
Estimated from segment averageBased on South Korea regulations
Assumptions
5-year total cost
₩20,797,722
Monthly average ₩346,629|Cost per km ₩277/km| Depreciation | ₩4,968,000 | 24% |
|---|---|---|
| Fuel | ₩5,524,554 | 27% |
| Insurance | ₩5,500,000 | 26% |
| Vehicle tax | ₩805,168 | 4% |
| Maintenance | ₩4,000,000 | 19% |
| Total | ₩20,797,722 |
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 | ₩864,000 | ₩1,104,911 | ₩1,100,000 | ₩186,914 | ₩800,000 | ₩4,055,825 |
| 2 | ₩864,000 | ₩1,104,911 | ₩1,100,000 | ₩172,536 | ₩800,000 | ₩8,097,271 |
| 3 | ₩1,080,000 | ₩1,104,911 | ₩1,100,000 | ₩158,158 | ₩800,000 | ₩12,340,340 |
| 4 | ₩1,080,000 | ₩1,104,911 | ₩1,100,000 | ₩143,780 | ₩800,000 | ₩16,569,031 |
| 5 | ₩1,080,000 | ₩1,104,911 | ₩1,100,000 | ₩143,780 | ₩800,000 | ₩20,797,722 |
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.