Kia Ray 2024 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩23,670,210
Monthly average ₩394,504|Cost per km ₩316/km| Depreciation | ₩5,285,000 | 22% |
|---|---|---|
| Fuel | ₩9,744,094 | 41% |
| Insurance | ₩5,500,000 | 23% |
| Vehicle tax | ₩441,116 | 2% |
| Maintenance | ₩2,700,000 | 11% |
| Total | ₩23,670,210 |
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 | ₩1,510,000 | ₩1,948,819 | ₩1,100,000 | ₩98,602 | ₩400,000 | ₩5,057,421 |
| 2 | ₩1,057,000 | ₩1,948,819 | ₩1,100,000 | ₩93,413 | ₩500,000 | ₩9,756,653 |
| 3 | ₩1,057,000 | ₩1,948,819 | ₩1,100,000 | ₩88,223 | ₩600,000 | ₩14,550,695 |
| 4 | ₩906,000 | ₩1,948,819 | ₩1,100,000 | ₩83,034 | ₩600,000 | ₩19,188,548 |
| 5 | ₩755,000 | ₩1,948,819 | ₩1,100,000 | ₩77,844 | ₩600,000 | ₩23,670,210 |
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.