Kia K8 2022 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩31,061,863
Monthly average ₩517,698|Cost per km ₩414/km| Depreciation | ₩8,640,000 | 28% |
|---|---|---|
| Fuel | ₩10,487,288 | 34% |
| Insurance | ₩5,500,000 | 18% |
| Vehicle tax | ₩2,434,575 | 8% |
| Maintenance | ₩4,000,000 | 13% |
| Total | ₩31,061,863 |
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 | ₩2,160,000 | ₩2,097,458 | ₩1,100,000 | ₩551,837 | ₩800,000 | ₩6,709,295 |
| 2 | ₩1,800,000 | ₩2,097,458 | ₩1,100,000 | ₩519,376 | ₩800,000 | ₩13,026,128 |
| 3 | ₩1,800,000 | ₩2,097,458 | ₩1,100,000 | ₩486,915 | ₩800,000 | ₩19,310,501 |
| 4 | ₩1,440,000 | ₩2,097,458 | ₩1,100,000 | ₩454,454 | ₩800,000 | ₩25,202,413 |
| 5 | ₩1,440,000 | ₩2,097,458 | ₩1,100,000 | ₩421,993 | ₩800,000 | ₩31,061,863 |
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.