Ford Mustang 2016 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩35,525,744
Monthly average ₩592,096|Cost per km ₩474/km| Depreciation | ₩7,927,800 | 22% |
|---|---|---|
| Fuel | ₩13,598,901 | 38% |
| Insurance | ₩5,500,000 | 15% |
| Vehicle tax | ₩1,499,043 | 4% |
| Maintenance | ₩7,000,000 | 20% |
| Total | ₩35,525,744 |
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 | ₩2,715,000 | ₩2,719,780 | ₩1,100,000 | ₩323,323 | ₩1,400,000 | ₩8,258,103 |
| 2 | ₩2,715,000 | ₩2,719,780 | ₩1,100,000 | ₩293,930 | ₩1,400,000 | ₩16,486,813 |
| 3 | ₩2,497,800 | ₩2,719,780 | ₩1,100,000 | ₩293,930 | ₩1,400,000 | ₩24,498,324 |
| 4 | ₩0 | ₩2,719,780 | ₩1,100,000 | ₩293,930 | ₩1,400,000 | ₩30,012,034 |
| 5 | ₩0 | ₩2,719,780 | ₩1,100,000 | ₩293,930 | ₩1,400,000 | ₩35,525,744 |
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.