Kia Morning 2016 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩19,229,234
Monthly average ₩320,487|Cost per km ₩256/km| Depreciation | ₩2,269,200 | 12% |
|---|---|---|
| Fuel | ₩8,195,364 | 43% |
| Insurance | ₩5,500,000 | 29% |
| Vehicle tax | ₩264,670 | 1% |
| Maintenance | ₩3,000,000 | 16% |
| Total | ₩19,229,234 |
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 | ₩610,000 | ₩1,639,073 | ₩1,100,000 | ₩57,086 | ₩600,000 | ₩4,006,159 |
| 2 | ₩610,000 | ₩1,639,073 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩8,007,128 |
| 3 | ₩610,000 | ₩1,639,073 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩12,008,097 |
| 4 | ₩439,200 | ₩1,639,073 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩15,838,265 |
| 5 | ₩0 | ₩1,639,073 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩19,229,234 |
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.