Hyundai Venue 2023 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩24,599,191
Monthly average ₩409,987|Cost per km ₩328/km| Depreciation | ₩6,003,000 | 24% |
|---|---|---|
| Fuel | ₩9,032,847 | 37% |
| Insurance | ₩5,500,000 | 22% |
| Vehicle tax | ₩1,163,344 | 5% |
| Maintenance | ₩2,900,000 | 12% |
| Total | ₩24,599,191 |
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 | ₩1,449,000 | ₩1,806,569 | ₩1,100,000 | ₩261,752 | ₩500,000 | ₩5,117,321 |
| 2 | ₩1,449,000 | ₩1,806,569 | ₩1,100,000 | ₩247,211 | ₩600,000 | ₩10,320,102 |
| 3 | ₩1,242,000 | ₩1,806,569 | ₩1,100,000 | ₩232,669 | ₩600,000 | ₩15,301,340 |
| 4 | ₩1,035,000 | ₩1,806,569 | ₩1,100,000 | ₩218,127 | ₩600,000 | ₩20,061,036 |
| 5 | ₩828,000 | ₩1,806,569 | ₩1,100,000 | ₩203,585 | ₩600,000 | ₩24,599,191 |
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.