2024 Ferrari 296 GTBTrue Cost of Ownership in Hong Kong
830 hp plug-in hybrid. Full cost breakdown including import duty (115%), VAT (0%), insurance, fuel at HK$2.2/L, maintenance, and depreciation.
Purchase Price
$688K
Base: $320K
Annual Total
$100K
Insurance + fuel + maintenance
Import Duty
$368K
115% of base price
VAT
$0
0% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$1.2M
Purchase + 5yr running costs
2024 Ferrari 296 GTB — Full Cost Breakdown in Hong Kong
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $320K |
| Import Duty (115%) | $368K |
| VAT / Sales Tax (0%) | $0 |
| Total Purchase Price | $688K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $90K |
| Registration & Road Tax | $6K |
| Total Annual Running Cost | $100K |
| 5-Year Total Cost of Ownership | $1.2M |
| Cost Per Kilometer | $6.658 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ferrari 296 GTB Fuel Cost Calculator — Hong Kong
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
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⚡ Electric Vehicle
The Ferrari 296 GTB runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Hong Kong.
$0 Fuel Cost
Electric vehicle — no gasoline required
Ferrari 296 GTB Depreciation Curve
The Ferrari 296 GTB loses approximately $182K (57%) of its value over 5 years.
Year-by-Year Value
| New | $320K | 100% |
| Year 1 | $230K | 72% |
| Year 2 | $198K | 62% |
| Year 3 | $173K | 54% |
| Year 4 | $154K | 48% |
| Year 5 | $138K | 43% |
Depreciation based on electric segment averages.
Ferrari 296 GTB vs. Competitors in Hong Kong
How does the Ferrari 296 GTB compare to similar cars available in Hong Kong?
Ferrari
296 GTB
Base Price
$320K
Annual Cost in Hong Kong
$100K
Tesla
Model 3
Base Price
$42K
Annual Cost in Hong Kong
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Hong Kong
$5K
BMW
i4
Base Price
$56K
Annual Cost in Hong Kong
$8K
Annual costs estimated for Hong Kong market. Import duty (115%) and VAT (0%) applied to all models.
🇭🇰 Owning a Car in Hong Kong
First registration tax up to 115%. Fuel ~HK$20/L.
Very Expensive for Hong Kong
Annual car costs = 208% of average Hong Kong income ($48K/yr)
Average Annual Income
$48K
In Hong Kong
Fuel Price
HK$2.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
115%
On vehicle value
VAT / Sales Tax
0%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Hong Kong
Ferrari 296 GTB in Hong Kong — Frequently Asked Questions
Common questions about owning a Ferrari 296 GTB in Hong Kong.
The 2024 Ferrari 296 GTB has a base price of $320,000 USD. In Hong Kong, after 115% import duty and 0% VAT, the total purchase price is approximately $688,000 USD (HK$688,000 HKD).