2019 Ferrari 488 GTBTrue Cost of Ownership in Singapore
660 hp twin-turbo V8. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$384K
Base: $250K
Annual Total
$91K
Insurance + fuel + maintenance
Import Duty
$103K
41% of base price
VAT
$32K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$841K
Purchase + 5yr running costs
2019 Ferrari 488 GTB — Full Cost Breakdown in Singapore
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $250K |
| Import Duty (41%) | $103K |
| VAT / Sales Tax (9%) | $32K |
| Total Purchase Price | $384K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $5K |
| Annual Maintenance | $24K |
| Annual Depreciation | $50K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $91K |
| 5-Year Total Cost of Ownership | $841K |
| Cost Per Kilometer | $6.089 |
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 — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$5,130
USD equivalent
Monthly Fuel Cost
$428
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$34.20
18L × S$1.90
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 Singapore
How does the Ferrari 488 GTB compare to similar cars available in Singapore?
Ferrari
488 GTB
Base Price
$250K
Annual Cost in Singapore
$91K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Singapore
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Singapore
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Singapore
$40K
Annual costs estimated for Singapore market. Import duty (41%) and VAT (9%) applied to all models.
🇸🇬 Owning a Car in Singapore
COE system adds $50K–$100K to car cost.
Very Expensive for Singapore
Annual car costs = 157% of average Singapore income ($58K/yr)
Average Annual Income
$58K
In Singapore
Fuel Price
S$1.90/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
41%
On vehicle value
VAT / Sales Tax
9%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Singapore
Ferrari 488 GTB in Singapore — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in Singapore.
The 2019 Ferrari 488 GTB has a base price of $250,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $384,225 USD (S$384,225 SGD).