Kia Niro Hybrid 2024 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩26,029,649
Monthly average ₩433,827|Cost per km ₩347/km| Depreciation | ₩9,758,000 | 37% |
|---|---|---|
| Fuel | ₩5,949,519 | 23% |
| Insurance | ₩5,500,000 | 21% |
| Vehicle tax | ₩1,222,130 | 5% |
| Maintenance | ₩3,600,000 | 14% |
| Total | ₩26,029,649 |
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 | ₩2,583,000 | ₩1,189,904 | ₩1,100,000 | ₩273,182 | ₩550,000 | ₩5,696,086 |
| 2 | ₩2,009,000 | ₩1,189,904 | ₩1,100,000 | ₩258,804 | ₩650,000 | ₩10,903,794 |
| 3 | ₩2,009,000 | ₩1,189,904 | ₩1,100,000 | ₩244,426 | ₩800,000 | ₩16,247,124 |
| 4 | ₩1,722,000 | ₩1,189,904 | ₩1,100,000 | ₩230,048 | ₩800,000 | ₩21,289,075 |
| 5 | ₩1,435,000 | ₩1,189,904 | ₩1,100,000 | ₩215,670 | ₩800,000 | ₩26,029,649 |
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.