2019 Ferrari 488 GTBTrue Cost of Ownership in Canada
660 hp twin-turbo V8. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$279K
Base: $250K
Annual Total
$75K
Insurance + fuel + maintenance
Import Duty
$15K
6.1% of base price
VAT
$13K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$653K
Purchase + 5yr running costs
2019 Ferrari 488 GTB — 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) | $250K |
| Import Duty (6.1%) | $15K |
| VAT / Sales Tax (5%) | $13K |
| Total Purchase Price | $279K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $19K |
| Annual Depreciation | $50K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $75K |
| 5-Year Total Cost of Ownership | $653K |
| Cost Per Kilometer | $4.993 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ferrari 488 GTB 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 488 GTB Depreciation Curve
The Ferrari 488 GTB loses approximately $110K (44%) of its value over 5 years.
Year-by-Year Value
| New | $250K | 100% |
| Year 1 | $200K | 80% |
| Year 2 | $180K | 72% |
| Year 3 | $163K | 65% |
| Year 4 | $150K | 60% |
| Year 5 | $140K | 56% |
Depreciation based on exotic segment averages.
Ferrari 488 GTB vs. Competitors in Canada
How does the Ferrari 488 GTB compare to similar cars available in Canada?
Ferrari
488 GTB
Base Price
$250K
Annual Cost in Canada
$75K
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 = 156% 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 488 GTB in Canada — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in Canada.
The 2019 Ferrari 488 GTB has a base price of $250,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $278,513 USD (C$278,513 CAD).