Tesla Model 3 2022 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩27,013,903
Monthly average ₩450,232|Cost per km ₩360/km| Depreciation | ₩11,431,000 | 42% |
|---|---|---|
| Charging | ₩4,449,153 | 16% |
| Insurance | ₩5,500,000 | 20% |
| Vehicle tax | ₩633,750 | 2% |
| Maintenance | ₩5,000,000 | 19% |
| Total | ₩27,013,903 |
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 | ₩2,982,000 | ₩889,831 | ₩1,100,000 | ₩143,650 | ₩1,000,000 | ₩6,115,481 |
| 2 | ₩2,485,000 | ₩889,831 | ₩1,100,000 | ₩135,200 | ₩1,000,000 | ₩11,725,511 |
| 3 | ₩2,485,000 | ₩889,831 | ₩1,100,000 | ₩126,750 | ₩1,000,000 | ₩17,327,092 |
| 4 | ₩1,988,000 | ₩889,831 | ₩1,100,000 | ₩118,300 | ₩1,000,000 | ₩22,423,222 |
| 5 | ₩1,491,000 | ₩889,831 | ₩1,100,000 | ₩109,850 | ₩1,000,000 | ₩27,013,903 |
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.