2023 Ferrari 296 GTSTrue Cost of Ownership in Saudi Arabia
830 hp hybrid, open-top. Full cost breakdown including import duty (5%), VAT (15%), insurance, fuel at ﷼0.24/L, maintenance, and depreciation.
Purchase Price
$447K
Base: $370K
Annual Total
$87K
Insurance + fuel + maintenance
Import Duty
$19K
5% of base price
VAT
$58K
15% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$881K
Purchase + 5yr running costs
2023 Ferrari 296 GTS — Full Cost Breakdown in Saudi Arabia
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $370K |
| Import Duty (5%) | $19K |
| VAT / Sales Tax (15%) | $58K |
| Total Purchase Price | $447K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $648 |
| Annual Maintenance | $11K |
| Annual Depreciation | $74K |
| Registration & Road Tax | $200 |
| Total Annual Running Cost | $87K |
| 5-Year Total Cost of Ownership | $881K |
| Cost Per Kilometer | $5.787 |
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 — Saudi Arabia
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$648
USD equivalent
Monthly Fuel Cost
$54
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$4.32
18L × ﷼0.24
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 Saudi Arabia
How does the Ferrari 296 GTS compare to similar cars available in Saudi Arabia?
Ferrari
296 GTS
Base Price
$370K
Annual Cost in Saudi Arabia
$87K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Saudi Arabia
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Saudi Arabia
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Saudi Arabia
$40K
Annual costs estimated for Saudi Arabia market. Import duty (5%) and VAT (15%) applied to all models.
🇸🇦 Owning a Car in Saudi Arabia
Heavily subsidized fuel, no road tax.
Very Expensive for Saudi Arabia
Annual car costs = 334% of average Saudi Arabia income ($26K/yr)
Average Annual Income
$26K
In Saudi Arabia
Fuel Price
﷼0.24/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
5%
On vehicle value
VAT / Sales Tax
15%
Applied at purchase
Driving Side
Right-hand
Middle East
Popular Car Brands in Saudi Arabia
Ferrari 296 GTS in Saudi Arabia — Frequently Asked Questions
Common questions about owning a Ferrari 296 GTS in Saudi Arabia.
The 2023 Ferrari 296 GTS has a base price of $370,000 USD. In Saudi Arabia, after 5% import duty and 15% VAT, the total purchase price is approximately $446,775 USD (﷼446,775 SAR).