Kia Ray 2016 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩21,208,664
Monthly average ₩353,478|Cost per km ₩283/km| Depreciation | ₩2,699,900 | 13% |
|---|---|---|
| Fuel | ₩9,744,094 | 46% |
| Insurance | ₩5,500,000 | 26% |
| Vehicle tax | ₩264,670 | 1% |
| Maintenance | ₩3,000,000 | 14% |
| Total | ₩21,208,664 |
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 | ₩665,000 | ₩1,948,819 | ₩1,100,000 | ₩57,086 | ₩600,000 | ₩4,370,905 |
| 2 | ₩665,000 | ₩1,948,819 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩8,736,620 |
| 3 | ₩665,000 | ₩1,948,819 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩13,102,335 |
| 4 | ₩665,000 | ₩1,948,819 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩17,468,050 |
| 5 | ₩39,900 | ₩1,948,819 | ₩1,100,000 | ₩51,896 | ₩600,000 | ₩21,208,664 |
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.