2019 Ferrari 488 GTBTrue Cost of Ownership in Ghana
660 hp twin-turbo V8. Full cost breakdown including import duty (20%), VAT (15%), insurance, fuel at GH₵1.15/L, maintenance, and depreciation.
Purchase Price
$345K
Base: $250K
Annual Total
$60K
Insurance + fuel + maintenance
Import Duty
$50K
20% of base price
VAT
$45K
15% applied
Annual Insurance
$650
Avg for this country
5-Year Total
$643K
Purchase + 5yr running costs
2019 Ferrari 488 GTB — Full Cost Breakdown in Ghana
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $250K |
| Import Duty (20%) | $50K |
| VAT / Sales Tax (15%) | $45K |
| Total Purchase Price | $345K |
| Annual Insurance | $650 |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $6K |
| Annual Depreciation | $50K |
| Registration & Road Tax | $350 |
| Total Annual Running Cost | $60K |
| 5-Year Total Cost of Ownership | $643K |
| Cost Per Kilometer | $3.978 |
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 — Ghana
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,105
USD equivalent
Monthly Fuel Cost
$259
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$20.70
18L × GH₵1.15
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 Ghana
How does the Ferrari 488 GTB compare to similar cars available in Ghana?
Ferrari
488 GTB
Base Price
$250K
Annual Cost in Ghana
$60K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Ghana
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Ghana
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Ghana
$40K
Annual costs estimated for Ghana market. Import duty (20%) and VAT (15%) applied to all models.
🇬🇭 Owning a Car in Ghana
High import levies on vehicles.
Very Expensive for Ghana
Annual car costs = 2387% of average Ghana income ($3K/yr)
Average Annual Income
$3K
In Ghana
Fuel Price
GH₵1.15/L
Gasoline dominant
Avg Car Insurance
$650
Per year
Import Duty
20%
On vehicle value
VAT / Sales Tax
15%
Applied at purchase
Driving Side
Right-hand
Africa
Popular Car Brands in Ghana
Ferrari 488 GTB in Ghana — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in Ghana.
The 2019 Ferrari 488 GTB has a base price of $250,000 USD. In Ghana, after 20% import duty and 15% VAT, the total purchase price is approximately $345,000 USD (GH₵345,000 GHS).