2019 Ferrari 488 GTBTrue Cost of Ownership in China
660 hp twin-turbo V8. Full cost breakdown including import duty (15%), VAT (13%), insurance, fuel at ¥1.1/L, maintenance, and depreciation.
Purchase Price
$325K
Base: $250K
Annual Total
$65K
Insurance + fuel + maintenance
Import Duty
$38K
15% of base price
VAT
$37K
13% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$649K
Purchase + 5yr running costs
2019 Ferrari 488 GTB — Full Cost Breakdown in China
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $250K |
| Import Duty (15%) | $38K |
| VAT / Sales Tax (13%) | $37K |
| Total Purchase Price | $325K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $10K |
| Annual Depreciation | $50K |
| Registration & Road Tax | $900 |
| Total Annual Running Cost | $65K |
| 5-Year Total Cost of Ownership | $649K |
| Cost Per Kilometer | $4.325 |
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 — China
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,970
USD equivalent
Monthly Fuel Cost
$248
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$19.80
18L × ¥1.10
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 China
How does the Ferrari 488 GTB compare to similar cars available in China?
Ferrari
488 GTB
Base Price
$250K
Annual Cost in China
$65K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in China
$35K
McLaren
720S
Base Price
$300K
Annual Cost in China
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in China
$40K
Annual costs estimated for China market. Import duty (15%) and VAT (13%) applied to all models.
🇨🇳 Owning a Car in China
License plate lottery in major cities.
Very Expensive for China
Annual car costs = 541% of average China income ($12K/yr)
Average Annual Income
$12K
In China
Fuel Price
¥1.10/L
Mixed dominant
Avg Car Insurance
$1K
Per year
Import Duty
15%
On vehicle value
VAT / Sales Tax
13%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in China
Ferrari 488 GTB in China — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in China.
The 2019 Ferrari 488 GTB has a base price of $250,000 USD. In China, after 15% import duty and 13% VAT, the total purchase price is approximately $324,875 USD (¥324,875 CNY).