2023 Ferrari 296 GTSTrue Cost of Ownership in Mexico
830 hp hybrid, open-top. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at $0.8/L, maintenance, and depreciation.
Purchase Price
$515K
Base: $370K
Annual Total
$87K
Insurance + fuel + maintenance
Import Duty
$74K
20% of base price
VAT
$71K
16% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$948K
Purchase + 5yr running costs
2023 Ferrari 296 GTS — Full Cost Breakdown in Mexico
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $370K |
| Import Duty (20%) | $74K |
| VAT / Sales Tax (16%) | $71K |
| Total Purchase Price | $515K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $9K |
| Annual Depreciation | $74K |
| Registration & Road Tax | $450 |
| Total Annual Running Cost | $87K |
| 5-Year Total Cost of Ownership | $948K |
| Cost Per Kilometer | $5.777 |
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 — Mexico
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,160
USD equivalent
Monthly Fuel Cost
$180
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$14.40
18L × $0.80
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 Mexico
How does the Ferrari 296 GTS compare to similar cars available in Mexico?
Ferrari
296 GTS
Base Price
$370K
Annual Cost in Mexico
$87K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Mexico
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Mexico
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Mexico
$40K
Annual costs estimated for Mexico market. Import duty (20%) and VAT (16%) applied to all models.
🇲🇽 Owning a Car in Mexico
Low insurance costs, moderate fuel.
Very Expensive for Mexico
Annual car costs = 867% of average Mexico income ($10K/yr)
Average Annual Income
$10K
In Mexico
Fuel Price
$0.80/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
20%
On vehicle value
VAT / Sales Tax
16%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Mexico
Ferrari 296 GTS in Mexico — Frequently Asked Questions
Common questions about owning a Ferrari 296 GTS in Mexico.
The 2023 Ferrari 296 GTS has a base price of $370,000 USD. In Mexico, after 20% import duty and 16% VAT, the total purchase price is approximately $515,040 USD ($515,040 MXN).