2023 Ferrari 296 GTSTrue Cost of Ownership in Canada
830 hp hybrid, open-top. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$412K
Base: $370K
Annual Total
$99K
Insurance + fuel + maintenance
Import Duty
$23K
6.1% of base price
VAT
$20K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$907K
Purchase + 5yr running costs
2023 Ferrari 296 GTS — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $370K |
| Import Duty (6.1%) | $23K |
| VAT / Sales Tax (5%) | $20K |
| Total Purchase Price | $412K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $19K |
| Annual Depreciation | $74K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $99K |
| 5-Year Total Cost of Ownership | $907K |
| Cost Per Kilometer | $6.593 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ferrari 296 GTS Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,240
USD equivalent
Monthly Fuel Cost
$270
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$21.60
18L × C$1.20
Ferrari 296 GTS Depreciation Curve
The Ferrari 296 GTS loses approximately $163K (44%) of its value over 5 years.
Year-by-Year Value
| New | $370K | 100% |
| Year 1 | $296K | 80% |
| Year 2 | $266K | 72% |
| Year 3 | $241K | 65% |
| Year 4 | $222K | 60% |
| Year 5 | $207K | 56% |
Depreciation based on exotic segment averages.
Ferrari 296 GTS vs. Competitors in Canada
How does the Ferrari 296 GTS compare to similar cars available in Canada?
Ferrari
296 GTS
Base Price
$370K
Annual Cost in Canada
$99K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Canada
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Canada
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Canada
$40K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Very Expensive for Canada
Annual car costs = 206% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Ferrari 296 GTS in Canada — Frequently Asked Questions
Common questions about owning a Ferrari 296 GTS in Canada.
The 2023 Ferrari 296 GTS has a base price of $370,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $412,199 USD (C$412,199 CAD).