Chevrolet Spark 2020 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩20,287,412
Monthly average ₩338,124|Cost per km ₩270/km| Depreciation | ₩2,856,000 | 14% |
|---|---|---|
| Fuel | ₩8,593,750 | 42% |
| Insurance | ₩5,500,000 | 27% |
| Vehicle tax | ₩337,662 | 2% |
| Maintenance | ₩3,000,000 | 15% |
| Total | ₩20,287,412 |
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 | ₩595,000 | ₩1,718,750 | ₩1,100,000 | ₩77,922 | ₩600,000 | ₩4,091,672 |
| 2 | ₩595,000 | ₩1,718,750 | ₩1,100,000 | ₩72,727 | ₩600,000 | ₩8,178,149 |
| 3 | ₩595,000 | ₩1,718,750 | ₩1,100,000 | ₩67,532 | ₩600,000 | ₩12,259,431 |
| 4 | ₩476,000 | ₩1,718,750 | ₩1,100,000 | ₩62,338 | ₩600,000 | ₩16,216,519 |
| 5 | ₩595,000 | ₩1,718,750 | ₩1,100,000 | ₩57,143 | ₩600,000 | ₩20,287,412 |
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.