2023 Li Auto L8True Cost of Ownership in South Korea
449 hp hybrid. Full cost breakdown including import duty (8%), VAT (10%), insurance, fuel at ₩1.55/L, maintenance, and depreciation.
Purchase Price
$62K
Base: $52K
Annual Total
$17K
Insurance + fuel + maintenance
Import Duty
$4K
8% of base price
VAT
$6K
10% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$146K
Purchase + 5yr running costs
2023 Li Auto L8 — 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) | $52K |
| Import Duty (8%) | $4K |
| VAT / Sales Tax (10%) | $6K |
| Total Purchase Price | $62K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $2K |
| Annual Depreciation | $10K |
| Registration & Road Tax | $800 |
| Total Annual Running Cost | $17K |
| 5-Year Total Cost of Ownership | $146K |
| Cost Per Kilometer | $1.123 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Li Auto L8 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
Li Auto L8 Depreciation Curve
The Li Auto L8 loses approximately $25K (49%) of its value over 5 years.
Year-by-Year Value
| New | $52K | 100% |
| Year 1 | $42K | 80% |
| Year 2 | $36K | 70% |
| Year 3 | $32K | 62% |
| Year 4 | $29K | 56% |
| Year 5 | $27K | 51% |
Depreciation based on suv segment averages.
Li Auto L8 vs. Competitors in South Korea
How does the Li Auto L8 compare to similar cars available in South Korea?
Li Auto
L8
Base Price
$52K
Annual Cost in South Korea
$17K
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 = 53% 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
Li Auto L8 in South Korea — Frequently Asked Questions
Common questions about owning a Li Auto L8 in South Korea.
The 2023 Li Auto L8 has a base price of $52,000 USD. In South Korea, after 8% import duty and 10% VAT, the total purchase price is approximately $61,776 USD (₩61,776 KRW).