Kia K8 2024 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩34,622,473
Monthly average ₩577,041|Cost per km ₩462/km| Depreciation | ₩12,276,000 | 35% |
|---|---|---|
| Fuel | ₩10,487,288 | 30% |
| Insurance | ₩5,500,000 | 16% |
| Vehicle tax | ₩2,759,185 | 8% |
| Maintenance | ₩3,600,000 | 10% |
| Total | ₩34,622,473 |
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 | ₩3,348,000 | ₩2,097,458 | ₩1,100,000 | ₩616,759 | ₩550,000 | ₩7,712,217 |
| 2 | ₩2,976,000 | ₩2,097,458 | ₩1,100,000 | ₩584,298 | ₩650,000 | ₩15,119,972 |
| 3 | ₩2,232,000 | ₩2,097,458 | ₩1,100,000 | ₩551,837 | ₩800,000 | ₩21,901,267 |
| 4 | ₩1,860,000 | ₩2,097,458 | ₩1,100,000 | ₩519,376 | ₩800,000 | ₩28,278,101 |
| 5 | ₩1,860,000 | ₩2,097,458 | ₩1,100,000 | ₩486,915 | ₩800,000 | ₩34,622,473 |
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.