Chevrolet Spark 2022 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩20,927,360
Monthly average ₩348,789|Cost per km ₩279/km| Depreciation | ₩3,444,000 | 16% |
|---|---|---|
| Fuel | ₩8,593,750 | 41% |
| Insurance | ₩5,500,000 | 26% |
| Vehicle tax | ₩389,610 | 2% |
| Maintenance | ₩3,000,000 | 14% |
| Total | ₩20,927,360 |
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 | ₩861,000 | ₩1,718,750 | ₩1,100,000 | ₩88,312 | ₩600,000 | ₩4,368,062 |
| 2 | ₩738,000 | ₩1,718,750 | ₩1,100,000 | ₩83,117 | ₩600,000 | ₩8,607,929 |
| 3 | ₩615,000 | ₩1,718,750 | ₩1,100,000 | ₩77,922 | ₩600,000 | ₩12,719,601 |
| 4 | ₩615,000 | ₩1,718,750 | ₩1,100,000 | ₩72,727 | ₩600,000 | ₩16,826,078 |
| 5 | ₩615,000 | ₩1,718,750 | ₩1,100,000 | ₩67,532 | ₩600,000 | ₩20,927,360 |
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.