Ford Mustang 2022 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩42,126,376
Monthly average ₩702,106|Cost per km ₩562/km| Depreciation | ₩13,823,000 | 33% |
|---|---|---|
| Fuel | ₩13,598,901 | 32% |
| Insurance | ₩5,500,000 | 13% |
| Vehicle tax | ₩2,204,475 | 5% |
| Maintenance | ₩7,000,000 | 17% |
| Total | ₩42,126,376 |
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 | ₩3,606,000 | ₩2,719,780 | ₩1,100,000 | ₩499,681 | ₩1,400,000 | ₩9,325,461 |
| 2 | ₩3,005,000 | ₩2,719,780 | ₩1,100,000 | ₩470,288 | ₩1,400,000 | ₩18,020,529 |
| 3 | ₩3,005,000 | ₩2,719,780 | ₩1,100,000 | ₩440,895 | ₩1,400,000 | ₩26,686,205 |
| 4 | ₩2,404,000 | ₩2,719,780 | ₩1,100,000 | ₩411,502 | ₩1,400,000 | ₩34,721,487 |
| 5 | ₩1,803,000 | ₩2,719,780 | ₩1,100,000 | ₩382,109 | ₩1,400,000 | ₩42,126,376 |
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.