Kia K5 Hybrid 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩27,092,018
Monthly average ₩451,534|Cost per km ₩361/km| Depreciation | ₩9,184,000 | 34% |
|---|---|---|
| Fuel | ₩6,479,058 | 24% |
| Insurance | ₩5,500,000 | 20% |
| Vehicle tax | ₩2,078,960 | 8% |
| Maintenance | ₩3,850,000 | 14% |
| Total | ₩27,092,018 |
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 | ₩2,296,000 | ₩1,295,812 | ₩1,100,000 | ₩467,766 | ₩650,000 | ₩5,809,578 |
| 2 | ₩1,968,000 | ₩1,295,812 | ₩1,100,000 | ₩441,779 | ₩800,000 | ₩11,415,168 |
| 3 | ₩1,968,000 | ₩1,295,812 | ₩1,100,000 | ₩415,792 | ₩800,000 | ₩16,994,772 |
| 4 | ₩1,640,000 | ₩1,295,812 | ₩1,100,000 | ₩389,805 | ₩800,000 | ₩22,220,388 |
| 5 | ₩1,312,000 | ₩1,295,812 | ₩1,100,000 | ₩363,818 | ₩800,000 | ₩27,092,018 |
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.