Kia Niro Hybrid 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩24,656,759
Monthly average ₩410,946|Cost per km ₩329/km| Depreciation | ₩8,207,000 | 33% |
|---|---|---|
| Fuel | ₩5,949,519 | 24% |
| Insurance | ₩5,500,000 | 22% |
| Vehicle tax | ₩1,150,240 | 5% |
| Maintenance | ₩3,850,000 | 16% |
| Total | ₩24,656,759 |
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 | ₩1,981,000 | ₩1,189,904 | ₩1,100,000 | ₩258,804 | ₩650,000 | ₩5,179,708 |
| 2 | ₩1,981,000 | ₩1,189,904 | ₩1,100,000 | ₩244,426 | ₩800,000 | ₩10,495,038 |
| 3 | ₩1,698,000 | ₩1,189,904 | ₩1,100,000 | ₩230,048 | ₩800,000 | ₩15,512,990 |
| 4 | ₩1,415,000 | ₩1,189,904 | ₩1,100,000 | ₩215,670 | ₩800,000 | ₩20,233,563 |
| 5 | ₩1,132,000 | ₩1,189,904 | ₩1,100,000 | ₩201,292 | ₩800,000 | ₩24,656,759 |
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.