2024 Mazda MX-5 Miata Grand TouringTrue Cost of Ownership in South Korea
181 hp inline-4. Full cost breakdown including import duty (8%), VAT (10%), insurance, fuel at ₩1.55/L, maintenance, and depreciation.
Purchase Price
$39K
Base: $33K
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
$110K
Purchase + 5yr running costs
2024 Mazda MX-5 Miata Grand Touring — 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) | $33K |
| Import Duty (8%) | $3K |
| VAT / Sales Tax (10%) | $4K |
| Total Purchase Price | $39K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $2K |
| Annual Depreciation | $7K |
| Registration & Road Tax | $800 |
| Total Annual Running Cost | $14K |
| 5-Year Total Cost of Ownership | $110K |
| Cost Per Kilometer | $0.943 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Mazda MX-5 Miata Grand Touring 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
$2,325
USD equivalent
Monthly Fuel Cost
$194
Per month average
Annual Liters Used
1,500L
At 15,000 km/yr
Cost per 100km
$15.50
10L × ₩1.55
Mazda MX-5 Miata Grand Touring Depreciation Curve
The Mazda MX-5 Miata Grand Touring loses approximately $17K (50%) of its value over 5 years.
Year-by-Year Value
| New | $33K | 100% |
| Year 1 | $26K | 78% |
| Year 2 | $22K | 68% |
| Year 3 | $20K | 60% |
| Year 4 | $18K | 54% |
| Year 5 | $17K | 50% |
Depreciation based on sports segment averages.
Mazda MX-5 Miata Grand Touring vs. Competitors in South Korea
How does the Mazda MX-5 Miata Grand Touring compare to similar cars available in South Korea?
Mazda
MX-5 Miata Grand Touring
Base Price
$33K
Annual Cost in South Korea
$14K
Porsche
718 Cayman
Base Price
$65K
Annual Cost in South Korea
$14K
BMW
M2
Base Price
$63K
Annual Cost in South Korea
$14K
Toyota
GR86
Base Price
$30K
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.
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
Mazda MX-5 Miata Grand Touring in South Korea — Frequently Asked Questions
Common questions about owning a Mazda MX-5 Miata Grand Touring in South Korea.
The 2024 Mazda MX-5 Miata Grand Touring has a base price of $33,000 USD. In South Korea, after 8% import duty and 10% VAT, the total purchase price is approximately $39,204 USD (₩39,204 KRW).
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