Kia Morning 2024 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩21,736,480
Monthly average ₩362,275|Cost per km ₩290/km| Depreciation | ₩4,900,000 | 23% |
|---|---|---|
| Fuel | ₩8,195,364 | 38% |
| Insurance | ₩5,500,000 | 25% |
| Vehicle tax | ₩441,116 | 2% |
| Maintenance | ₩2,700,000 | 12% |
| Total | ₩21,736,480 |
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 | ₩1,400,000 | ₩1,639,073 | ₩1,100,000 | ₩98,602 | ₩400,000 | ₩4,637,675 |
| 2 | ₩980,000 | ₩1,639,073 | ₩1,100,000 | ₩93,413 | ₩500,000 | ₩8,950,161 |
| 3 | ₩980,000 | ₩1,639,073 | ₩1,100,000 | ₩88,223 | ₩600,000 | ₩13,357,457 |
| 4 | ₩840,000 | ₩1,639,073 | ₩1,100,000 | ₩83,034 | ₩600,000 | ₩17,619,563 |
| 5 | ₩700,000 | ₩1,639,073 | ₩1,100,000 | ₩77,844 | ₩600,000 | ₩21,736,480 |
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.