Kia Ray 2026 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩25,635,116
Monthly average ₩427,252|Cost per km ₩342/km| Depreciation | ₩7,753,200 | 30% |
|---|---|---|
| Fuel | ₩9,744,094 | 38% |
| Insurance | ₩5,500,000 | 21% |
| Vehicle tax | ₩487,822 | 2% |
| Maintenance | ₩2,150,000 | 8% |
| Total | ₩25,635,116 |
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 | ₩2,449,200 | ₩1,948,819 | ₩1,100,000 | ₩103,792 | ₩300,000 | ₩5,901,811 |
| 2 | ₩1,560,000 | ₩1,948,819 | ₩1,100,000 | ₩103,792 | ₩350,000 | ₩10,964,422 |
| 3 | ₩1,560,000 | ₩1,948,819 | ₩1,100,000 | ₩98,602 | ₩400,000 | ₩16,071,843 |
| 4 | ₩1,092,000 | ₩1,948,819 | ₩1,100,000 | ₩93,413 | ₩500,000 | ₩20,806,075 |
| 5 | ₩1,092,000 | ₩1,948,819 | ₩1,100,000 | ₩88,223 | ₩600,000 | ₩25,635,116 |
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.