Tesla Model 3 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩29,615,153
Monthly average ₩493,586|Cost per km ₩395/km| Depreciation | ₩14,140,000 | 48% |
|---|---|---|
| Charging | ₩4,449,153 | 15% |
| Insurance | ₩5,500,000 | 19% |
| Vehicle tax | ₩676,000 | 2% |
| Maintenance | ₩4,850,000 | 16% |
| Total | ₩29,615,153 |
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 | ₩4,040,000 | ₩889,831 | ₩1,100,000 | ₩152,100 | ₩850,000 | ₩7,031,931 |
| 2 | ₩3,030,000 | ₩889,831 | ₩1,100,000 | ₩143,650 | ₩1,000,000 | ₩13,195,411 |
| 3 | ₩2,525,000 | ₩889,831 | ₩1,100,000 | ₩135,200 | ₩1,000,000 | ₩18,845,442 |
| 4 | ₩2,525,000 | ₩889,831 | ₩1,100,000 | ₩126,750 | ₩1,000,000 | ₩24,487,022 |
| 5 | ₩2,020,000 | ₩889,831 | ₩1,100,000 | ₩118,300 | ₩1,000,000 | ₩29,615,153 |
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.