Kia K8 Hybrid 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩28,924,344
Monthly average ₩482,072|Cost per km ₩386/km| Depreciation | ₩11,536,000 | 40% |
|---|---|---|
| Fuel | ₩6,875,000 | 24% |
| Insurance | ₩5,500,000 | 19% |
| Vehicle tax | ₩1,163,344 | 4% |
| Maintenance | ₩3,850,000 | 13% |
| Total | ₩28,924,344 |
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 | ₩3,296,000 | ₩1,375,000 | ₩1,100,000 | ₩261,752 | ₩650,000 | ₩6,682,752 |
| 2 | ₩2,472,000 | ₩1,375,000 | ₩1,100,000 | ₩247,211 | ₩800,000 | ₩12,676,963 |
| 3 | ₩2,060,000 | ₩1,375,000 | ₩1,100,000 | ₩232,669 | ₩800,000 | ₩18,244,632 |
| 4 | ₩2,060,000 | ₩1,375,000 | ₩1,100,000 | ₩218,127 | ₩800,000 | ₩23,797,759 |
| 5 | ₩1,648,000 | ₩1,375,000 | ₩1,100,000 | ₩203,585 | ₩800,000 | ₩28,924,344 |
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.