Ford Mustang 2021 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩39,976,411
Monthly average ₩666,274|Cost per km ₩533/km| Depreciation | ₩11,820,000 | 30% |
|---|---|---|
| Fuel | ₩13,598,901 | 34% |
| Insurance | ₩5,500,000 | 14% |
| Vehicle tax | ₩2,057,510 | 5% |
| Maintenance | ₩7,000,000 | 18% |
| Total | ₩39,976,411 |
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 | ₩2,955,000 | ₩2,719,780 | ₩1,100,000 | ₩470,288 | ₩1,400,000 | ₩8,645,068 |
| 2 | ₩2,955,000 | ₩2,719,780 | ₩1,100,000 | ₩440,895 | ₩1,400,000 | ₩17,260,743 |
| 3 | ₩2,364,000 | ₩2,719,780 | ₩1,100,000 | ₩411,502 | ₩1,400,000 | ₩25,256,026 |
| 4 | ₩1,773,000 | ₩2,719,780 | ₩1,100,000 | ₩382,109 | ₩1,400,000 | ₩32,630,915 |
| 5 | ₩1,773,000 | ₩2,719,780 | ₩1,100,000 | ₩352,716 | ₩1,400,000 | ₩39,976,411 |
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.