2026 MG 4True Cost of Ownership in South Korea
204 hp all-electric, popular European EV hatchback, 2026 model. Full cost breakdown including import duty (8%), VAT (10%), insurance, fuel at ₩1.55/L, maintenance, and depreciation.
Purchase Price
$40K
Base: $34K
Annual Total
$11K
Insurance + fuel + maintenance
Import Duty
$3K
8% of base price
VAT
$4K
10% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$96K
Purchase + 5yr running costs
2026 MG 4 — 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) | $34K |
| Import Duty (8%) | $3K |
| VAT / Sales Tax (10%) | $4K |
| Total Purchase Price | $40K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $868 |
| Annual Depreciation | $7K |
| Registration & Road Tax | $800 |
| Total Annual Running Cost | $11K |
| 5-Year Total Cost of Ownership | $96K |
| Cost Per Kilometer | $0.748 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
MG 4 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
$1,395
USD equivalent
Monthly Fuel Cost
$116
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$9.30
6L × ₩1.55
MG 4 Depreciation Curve
The MG 4 loses approximately $17K (49%) of its value over 5 years.
Year-by-Year Value
| New | $34K | 100% |
| Year 1 | $27K | 80% |
| Year 2 | $24K | 70% |
| Year 3 | $21K | 62% |
| Year 4 | $19K | 56% |
| Year 5 | $17K | 51% |
Depreciation based on economy segment averages.
MG 4 vs. Competitors in South Korea
How does the MG 4 compare to similar cars available in South Korea?
MG
4
Base Price
$34K
Annual Cost in South Korea
$11K
Toyota
Yaris
Base Price
$22K
Annual Cost in South Korea
$4K
Honda
Fit
Base Price
$21K
Annual Cost in South Korea
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in South Korea
$4K
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.
Moderate for South Korea
Annual car costs = 35% 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
MG 4 in South Korea — Frequently Asked Questions
Common questions about owning a MG 4 in South Korea.
The 2026 MG 4 has a base price of $34,000 USD. In South Korea, after 8% import duty and 10% VAT, the total purchase price is approximately $40,392 USD (₩40,392 KRW).