Hyundai IONIQ 2021 5-year cost to own
Estimated from segment averageBased on South Korea regulations
Assumptions
5-year total cost
₩21,025,014
Monthly average ₩350,417|Cost per km ₩280/km| Depreciation | ₩4,994,000 | 24% |
|---|---|---|
| Fuel | ₩5,524,554 | 26% |
| Insurance | ₩5,500,000 | 26% |
| Vehicle tax | ₩1,006,460 | 5% |
| Maintenance | ₩4,000,000 | 19% |
| Total | ₩21,025,014 |
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 | ₩1,135,000 | ₩1,104,911 | ₩1,100,000 | ₩230,048 | ₩800,000 | ₩4,369,959 |
| 2 | ₩1,135,000 | ₩1,104,911 | ₩1,100,000 | ₩215,670 | ₩800,000 | ₩8,725,539 |
| 3 | ₩908,000 | ₩1,104,911 | ₩1,100,000 | ₩201,292 | ₩800,000 | ₩12,839,742 |
| 4 | ₩908,000 | ₩1,104,911 | ₩1,100,000 | ₩186,914 | ₩800,000 | ₩16,939,567 |
| 5 | ₩908,000 | ₩1,104,911 | ₩1,100,000 | ₩172,536 | ₩800,000 | ₩21,025,014 |
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.