Hyundai Palisade 2024 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩41,171,802
Monthly average ₩686,197|Cost per km ₩549/km| Depreciation | ₩13,981,000 | 34% |
|---|---|---|
| Fuel | ₩13,306,452 | 32% |
| Insurance | ₩5,500,000 | 13% |
| Vehicle tax | ₩3,834,350 | 9% |
| Maintenance | ₩4,550,000 | 11% |
| Total | ₩41,171,802 |
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 | ₩3,608,000 | ₩2,661,290 | ₩1,100,000 | ₩857,090 | ₩700,000 | ₩8,926,380 |
| 2 | ₩2,706,000 | ₩2,661,290 | ₩1,100,000 | ₩811,980 | ₩850,000 | ₩17,055,651 |
| 3 | ₩2,706,000 | ₩2,661,290 | ₩1,100,000 | ₩766,870 | ₩1,000,000 | ₩25,289,811 |
| 4 | ₩2,706,000 | ₩2,661,290 | ₩1,100,000 | ₩721,760 | ₩1,000,000 | ₩33,478,861 |
| 5 | ₩2,255,000 | ₩2,661,290 | ₩1,100,000 | ₩676,650 | ₩1,000,000 | ₩41,171,802 |
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.