Kia Ray 2022 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩22,749,314
Monthly average ₩379,155|Cost per km ₩303/km| Depreciation | ₩4,116,000 | 18% |
|---|---|---|
| Fuel | ₩9,744,094 | 43% |
| Insurance | ₩5,500,000 | 24% |
| Vehicle tax | ₩389,220 | 2% |
| Maintenance | ₩3,000,000 | 13% |
| Total | ₩22,749,314 |
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 | ₩1,029,000 | ₩1,948,819 | ₩1,100,000 | ₩88,223 | ₩600,000 | ₩4,766,042 |
| 2 | ₩882,000 | ₩1,948,819 | ₩1,100,000 | ₩83,034 | ₩600,000 | ₩9,379,895 |
| 3 | ₩735,000 | ₩1,948,819 | ₩1,100,000 | ₩77,844 | ₩600,000 | ₩13,841,558 |
| 4 | ₩735,000 | ₩1,948,819 | ₩1,100,000 | ₩72,654 | ₩600,000 | ₩18,298,031 |
| 5 | ₩735,000 | ₩1,948,819 | ₩1,100,000 | ₩67,465 | ₩600,000 | ₩22,749,314 |
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.