Korean Job Discussion Forums

[OneWayTraffic]

Just what it says. Assuming I buy a fairly cheap car, what are the minimum costs of ownership in Korea. Just basic 3rd party insurance, registration etc?

[pkang0202]

Thats a good question. I would also like to know the answer.

Excluding the cost of the actual car and gas. How much is insurance, registration, and any other fees involved in having a car?

[Horangi Munshin]

I paid 470000won for third party insurance on a 6 year old Matiz in my first year.

I think the tax fee for the Matiz was under 50000. I have to get a safety check done this year (a 2year inteval!).

All highway and tunnel fees are half price for cars under 800cc.

[mrsquirrel]

That insurance is pretty expensive then.

Does it stay about the same for older cars?

[Horangi Munshin]