Tesla Model Y 2026 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩50,481,711
Monthly average ₩841,362|Cost per km ₩673/km| Depreciation | ₩35,676,300 | 71% |
|---|---|---|
| Charging | ₩4,861,111 | 10% |
| Insurance | ₩5,500,000 | 11% |
| Vehicle tax | ₩794,300 | 2% |
| Maintenance | ₩3,650,000 | 7% |
| Total | ₩50,481,711 |
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 | ₩15,761,300 | ₩972,222 | ₩1,100,000 | ₩169,000 | ₩500,000 | ₩18,502,522 |
| 2 | ₩6,259,000 | ₩972,222 | ₩1,100,000 | ₩169,000 | ₩600,000 | ₩27,602,744 |
| 3 | ₩5,690,000 | ₩972,222 | ₩1,100,000 | ₩160,550 | ₩700,000 | ₩36,225,517 |
| 4 | ₩4,552,000 | ₩972,222 | ₩1,100,000 | ₩152,100 | ₩850,000 | ₩43,851,839 |
| 5 | ₩3,414,000 | ₩972,222 | ₩1,100,000 | ₩143,650 | ₩1,000,000 | ₩50,481,711 |
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.