2023 Ferrari 296 GTSTrue Cost of Ownership in United Kingdom
830 hp hybrid, open-top. Full cost breakdown including import duty (6.5%), VAT (20%), insurance, fuel at £1.75/L, maintenance, and depreciation.
Purchase Price
$473K
Base: $370K
Annual Total
$104K
Insurance + fuel + maintenance
Import Duty
$24K
6.5% of base price
VAT
$79K
20% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$992K
Purchase + 5yr running costs
2023 Ferrari 296 GTS — Full Cost Breakdown in United Kingdom
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $370K |
| Import Duty (6.5%) | $24K |
| VAT / Sales Tax (20%) | $79K |
| Total Purchase Price | $473K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $5K |
| Annual Maintenance | $21K |
| Annual Depreciation | $74K |
| Registration & Road Tax | $1K |
| Total Annual Running Cost | $104K |
| 5-Year Total Cost of Ownership | $992K |
| Cost Per Kilometer | $6.924 |
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 — United Kingdom
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$4,725
USD equivalent
Monthly Fuel Cost
$394
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$31.50
18L × £1.75
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 United Kingdom
How does the Ferrari 296 GTS compare to similar cars available in United Kingdom?
Ferrari
296 GTS
Base Price
$370K
Annual Cost in United Kingdom
$104K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in United Kingdom
$35K
McLaren
720S
Base Price
$300K
Annual Cost in United Kingdom
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in United Kingdom
$40K
Annual costs estimated for United Kingdom market. Import duty (6.5%) and VAT (20%) applied to all models.
🇬🇧 Owning a Car in United Kingdom
ULEZ zones add costs in cities.
Very Expensive for United Kingdom
Annual car costs = 231% of average United Kingdom income ($45K/yr)
Average Annual Income
$45K
In United Kingdom
Fuel Price
£1.75/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
6.5%
On vehicle value
VAT / Sales Tax
20%
Applied at purchase
Driving Side
Left-hand
Europe
Popular Car Brands in United Kingdom
Ferrari 296 GTS in United Kingdom — Frequently Asked Questions
Common questions about owning a Ferrari 296 GTS in United Kingdom.
The 2023 Ferrari 296 GTS has a base price of $370,000 USD. In United Kingdom, after 6.5% import duty and 20% VAT, the total purchase price is approximately $472,860 USD (£472,860 GBP).