2024 Land Rover Range Rover PHEVTrue Cost of Ownership in South Korea
434 hp plug-in hybrid. Full cost breakdown including import duty (8%), VAT (10%), insurance, fuel at ₩1.55/L, maintenance, and depreciation.
Purchase Price
$143K
Base: $120K
Annual Total
$37K
Insurance + fuel + maintenance
Import Duty
$10K
8% of base price
VAT
$13K
10% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$327K
Purchase + 5yr running costs
2024 Land Rover Range Rover PHEV — 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) | $120K |
| Import Duty (8%) | $10K |
| VAT / Sales Tax (10%) | $13K |
| Total Purchase Price | $143K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $1K |
| Annual Depreciation | $34K |
| Registration & Road Tax | $800 |
| Total Annual Running Cost | $37K |
| 5-Year Total Cost of Ownership | $327K |
| Cost Per Kilometer | $2.460 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Land Rover Range Rover PHEV Fuel Cost Calculator — South Korea
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Land Rover Range Rover PHEV runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in South Korea.
$0 Fuel Cost
Electric vehicle — no gasoline required
Land Rover Range Rover PHEV Depreciation Curve
The Land Rover Range Rover PHEV loses approximately $68K (57%) of its value over 5 years.
Year-by-Year Value
| New | $120K | 100% |
| Year 1 | $86K | 72% |
| Year 2 | $74K | 62% |
| Year 3 | $65K | 54% |
| Year 4 | $58K | 48% |
| Year 5 | $52K | 43% |
Depreciation based on electric segment averages.
Land Rover Range Rover PHEV vs. Competitors in South Korea
How does the Land Rover Range Rover PHEV compare to similar cars available in South Korea?
Land Rover
Range Rover PHEV
Base Price
$120K
Annual Cost in South Korea
$37K
Tesla
Model 3
Base Price
$42K
Annual Cost in South Korea
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in South Korea
$5K
BMW
i4
Base Price
$56K
Annual Cost in South Korea
$8K
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.
Very Expensive for South Korea
Annual car costs = 115% 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
Land Rover Range Rover PHEV in South Korea — Frequently Asked Questions
Common questions about owning a Land Rover Range Rover PHEV in South Korea.
The 2024 Land Rover Range Rover PHEV has a base price of $120,000 USD. In South Korea, after 8% import duty and 10% VAT, the total purchase price is approximately $142,560 USD (₩142,560 KRW).
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