Ford Mustang 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩45,330,341
Monthly average ₩755,506|Cost per km ₩604/km| Depreciation | ₩17,080,000 | 38% |
|---|---|---|
| Fuel | ₩13,598,901 | 30% |
| Insurance | ₩5,500,000 | 12% |
| Vehicle tax | ₩2,351,440 | 5% |
| Maintenance | ₩6,800,000 | 15% |
| Total | ₩45,330,341 |
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 | ₩4,880,000 | ₩2,719,780 | ₩1,100,000 | ₩529,074 | ₩1,200,000 | ₩10,428,854 |
| 2 | ₩3,660,000 | ₩2,719,780 | ₩1,100,000 | ₩499,681 | ₩1,400,000 | ₩19,808,315 |
| 3 | ₩3,050,000 | ₩2,719,780 | ₩1,100,000 | ₩470,288 | ₩1,400,000 | ₩28,548,384 |
| 4 | ₩3,050,000 | ₩2,719,780 | ₩1,100,000 | ₩440,895 | ₩1,400,000 | ₩37,259,059 |
| 5 | ₩2,440,000 | ₩2,719,780 | ₩1,100,000 | ₩411,502 | ₩1,400,000 | ₩45,330,341 |
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.