Tesla Model 3 2020 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩25,118,403
Monthly average ₩418,640|Cost per km ₩335/km| Depreciation | ₩9,620,000 | 38% |
|---|---|---|
| Charging | ₩4,449,153 | 18% |
| Insurance | ₩5,500,000 | 22% |
| Vehicle tax | ₩549,250 | 2% |
| Maintenance | ₩5,000,000 | 20% |
| Total | ₩25,118,403 |
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 | Charging | Insurance | Vehicle tax | Maintenance | Total |
|---|---|---|---|---|---|---|
| 1 | ₩2,405,000 | ₩889,831 | ₩1,100,000 | ₩126,750 | ₩1,000,000 | ₩5,521,581 |
| 2 | ₩1,924,000 | ₩889,831 | ₩1,100,000 | ₩118,300 | ₩1,000,000 | ₩10,553,711 |
| 3 | ₩1,443,000 | ₩889,831 | ₩1,100,000 | ₩109,850 | ₩1,000,000 | ₩15,096,392 |
| 4 | ₩1,443,000 | ₩889,831 | ₩1,100,000 | ₩101,400 | ₩1,000,000 | ₩19,630,622 |
| 5 | ₩2,405,000 | ₩889,831 | ₩1,100,000 | ₩92,950 | ₩1,000,000 | ₩25,118,403 |
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.