Hyundai IONIQ 2022 5-year cost to own
Estimated from segment averageBased on South Korea regulations
Assumptions
5-year total cost
₩21,622,904
Monthly average ₩360,382|Cost per km ₩288/km| Depreciation | ₩5,520,000 | 26% |
|---|---|---|
| Fuel | ₩5,524,554 | 26% |
| Insurance | ₩5,500,000 | 25% |
| Vehicle tax | ₩1,078,350 | 5% |
| Maintenance | ₩4,000,000 | 18% |
| Total | ₩21,622,904 |
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 | ₩1,380,000 | ₩1,104,911 | ₩1,100,000 | ₩244,426 | ₩800,000 | ₩4,629,337 |
| 2 | ₩1,150,000 | ₩1,104,911 | ₩1,100,000 | ₩230,048 | ₩800,000 | ₩9,014,295 |
| 3 | ₩1,150,000 | ₩1,104,911 | ₩1,100,000 | ₩215,670 | ₩800,000 | ₩13,384,876 |
| 4 | ₩920,000 | ₩1,104,911 | ₩1,100,000 | ₩201,292 | ₩800,000 | ₩17,511,079 |
| 5 | ₩920,000 | ₩1,104,911 | ₩1,100,000 | ₩186,914 | ₩800,000 | ₩21,622,904 |
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.