2025 Honda PassportTrue Cost of Ownership in South Korea
280 hp V6, popular mid-size SUV. Full cost breakdown including import duty (8%), VAT (10%), insurance, fuel at ₩1.55/L, maintenance, and depreciation.
Purchase Price
$48K
Base: $40K
Annual Total
$14K
Insurance + fuel + maintenance
Import Duty
$3K
8% of base price
VAT
$4K
10% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$118K
Purchase + 5yr running costs
2025 Honda Passport — 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) | $40K |
| Import Duty (8%) | $3K |
| VAT / Sales Tax (10%) | $4K |
| Total Purchase Price | $48K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $1K |
| Annual Depreciation | $9K |
| Registration & Road Tax | $800 |
| Total Annual Running Cost | $14K |
| 5-Year Total Cost of Ownership | $118K |
| Cost Per Kilometer | $0.944 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda Passport 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
$1,860
USD equivalent
Monthly Fuel Cost
$155
Per month average
Annual Liters Used
1,200L
At 15,000 km/yr
Cost per 100km
$12.40
8L × ₩1.55
Honda Passport Depreciation Curve
The Honda Passport loses approximately $22K (54%) of its value over 5 years.
Year-by-Year Value
| New | $40K | 100% |
| Year 1 | $31K | 78% |
| Year 2 | $27K | 67% |
| Year 3 | $23K | 58% |
| Year 4 | $20K | 51% |
| Year 5 | $18K | 46% |
Depreciation based on mid-range segment averages.
Honda Passport vs. Competitors in South Korea
How does the Honda Passport compare to similar cars available in South Korea?
Honda
Passport
Base Price
$40K
Annual Cost in South Korea
$14K
Toyota
Camry
Base Price
$28K
Annual Cost in South Korea
$7K
Honda
Accord
Base Price
$30K
Annual Cost in South Korea
$7K
Mazda
Mazda6
Base Price
$27K
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 = 44% 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
Honda Passport in South Korea — Frequently Asked Questions
Common questions about owning a Honda Passport in South Korea.
The 2025 Honda Passport has a base price of $40,000 USD. In South Korea, after 8% import duty and 10% VAT, the total purchase price is approximately $47,520 USD (₩47,520 KRW).