2023 Ford Expedition TimberlineTrue Cost of Ownership in South Korea
400 hp twin-turbo V6. Full cost breakdown including import duty (8%), VAT (10%), insurance, fuel at ₩1.55/L, maintenance, and depreciation.
Purchase Price
$81K
Base: $68K
Annual Total
$20K
Insurance + fuel + maintenance
Import Duty
$5K
8% of base price
VAT
$7K
10% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$181K
Purchase + 5yr running costs
2023 Ford Expedition Timberline — Full Cost Breakdown in South Korea
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $68K |
| Import Duty (8%) | $5K |
| VAT / Sales Tax (10%) | $7K |
| Total Purchase Price | $81K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $2K |
| Annual Depreciation | $14K |
| Registration & Road Tax | $800 |
| Total Annual Running Cost | $20K |
| 5-Year Total Cost of Ownership | $181K |
| Cost Per Kilometer | $1.336 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ford Expedition Timberline Fuel Cost Calculator — South Korea
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,558
USD equivalent
Monthly Fuel Cost
$213
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$17.05
11L × ₩1.55
Ford Expedition Timberline Depreciation Curve
The Ford Expedition Timberline loses approximately $33K (49%) of its value over 5 years.
Year-by-Year Value
| New | $68K | 100% |
| Year 1 | $54K | 80% |
| Year 2 | $48K | 70% |
| Year 3 | $42K | 62% |
| Year 4 | $38K | 56% |
| Year 5 | $35K | 51% |
Depreciation based on suv segment averages.
Ford Expedition Timberline vs. Competitors in South Korea
How does the Ford Expedition Timberline compare to similar cars available in South Korea?
Ford
Expedition Timberline
Base Price
$68K
Annual Cost in South Korea
$20K
Toyota
RAV4
Base Price
$32K
Annual Cost in South Korea
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in South Korea
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in South Korea
$7K
Annual costs estimated for South Korea market. Import duty (8%) and VAT (10%) applied to all models.
🇰🇷 Owning a Car in South Korea
Strong domestic brands keep costs lower.
Expensive for South Korea
Annual car costs = 63% of average South Korea income ($32K/yr)
Average Annual Income
$32K
In South Korea
Fuel Price
₩1.55/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
8%
On vehicle value
VAT / Sales Tax
10%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in South Korea
Ford Expedition Timberline in South Korea — Frequently Asked Questions
Common questions about owning a Ford Expedition Timberline in South Korea.
The 2023 Ford Expedition Timberline has a base price of $68,000 USD. In South Korea, after 8% import duty and 10% VAT, the total purchase price is approximately $80,784 USD (₩80,784 KRW).
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Ford Expedition Timberline in Other Countries
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