Chevrolet Malibu 2016 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩25,589,309
Monthly average ₩426,488|Cost per km ₩341/km| Depreciation | ₩6,022,800 | 24% |
|---|---|---|
| Fuel | ₩9,375,000 | 37% |
| Insurance | ₩5,500,000 | 21% |
| Vehicle tax | ₩691,509 | 3% |
| Maintenance | ₩4,000,000 | 16% |
| Total | ₩25,589,309 |
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 | ₩1,260,000 | ₩1,875,000 | ₩1,100,000 | ₩149,149 | ₩800,000 | ₩5,184,149 |
| 2 | ₩1,260,000 | ₩1,875,000 | ₩1,100,000 | ₩135,590 | ₩800,000 | ₩10,354,739 |
| 3 | ₩1,260,000 | ₩1,875,000 | ₩1,100,000 | ₩135,590 | ₩800,000 | ₩15,525,329 |
| 4 | ₩1,260,000 | ₩1,875,000 | ₩1,100,000 | ₩135,590 | ₩800,000 | ₩20,695,919 |
| 5 | ₩982,800 | ₩1,875,000 | ₩1,100,000 | ₩135,590 | ₩800,000 | ₩25,589,309 |
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.