Kia K8 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩32,682,168
Monthly average ₩544,703|Cost per km ₩436/km| Depreciation | ₩10,248,000 | 31% |
|---|---|---|
| Fuel | ₩10,487,288 | 32% |
| Insurance | ₩5,500,000 | 17% |
| Vehicle tax | ₩2,596,880 | 8% |
| Maintenance | ₩3,850,000 | 12% |
| Total | ₩32,682,168 |
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 | ₩2,928,000 | ₩2,097,458 | ₩1,100,000 | ₩584,298 | ₩650,000 | ₩7,359,756 |
| 2 | ₩2,196,000 | ₩2,097,458 | ₩1,100,000 | ₩551,837 | ₩800,000 | ₩14,105,050 |
| 3 | ₩1,830,000 | ₩2,097,458 | ₩1,100,000 | ₩519,376 | ₩800,000 | ₩20,451,884 |
| 4 | ₩1,830,000 | ₩2,097,458 | ₩1,100,000 | ₩486,915 | ₩800,000 | ₩26,766,257 |
| 5 | ₩1,464,000 | ₩2,097,458 | ₩1,100,000 | ₩454,454 | ₩800,000 | ₩32,682,168 |
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.