Chevrolet Malibu 2021 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩26,126,130
Monthly average ₩435,436|Cost per km ₩348/km| Depreciation | ₩6,302,000 | 24% |
|---|---|---|
| Fuel | ₩9,375,000 | 36% |
| Insurance | ₩5,500,000 | 21% |
| Vehicle tax | ₩949,130 | 4% |
| Maintenance | ₩4,000,000 | 15% |
| Total | ₩26,126,130 |
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 | ₩1,644,000 | ₩1,875,000 | ₩1,100,000 | ₩216,944 | ₩800,000 | ₩5,635,944 |
| 2 | ₩1,370,000 | ₩1,875,000 | ₩1,100,000 | ₩203,385 | ₩800,000 | ₩10,984,329 |
| 3 | ₩1,096,000 | ₩1,875,000 | ₩1,100,000 | ₩189,826 | ₩800,000 | ₩16,045,155 |
| 4 | ₩1,096,000 | ₩1,875,000 | ₩1,100,000 | ₩176,267 | ₩800,000 | ₩21,092,422 |
| 5 | ₩1,096,000 | ₩1,875,000 | ₩1,100,000 | ₩162,708 | ₩800,000 | ₩26,126,130 |
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.