How it works
Buying a used car means budgeting for acquisition tax on top of the price. Passenger cars pay 7%, trucks/vans 5%, commercial vehicles 4%, and kei cars get a 750k KRW discount off the 7% base. Add plate and bond fees for your total transfer cost.
FAQ
Q. Does the kei-car discount always apply?
A. It applies up to 750k KRW for kei cars meeting the size/displacement criteria — some minimum-payment exceptions vary by region.
Q. Are bond fees also a tax?
A. No — regional development bonds are a separate municipal charge, not a tax. Most buyers resell them immediately at a discount, so the real cost is much lower.