2020 Ferrari 488 GTBTrue Cost of Ownership in Hungary
660 hp twin-turbo V8. Full cost breakdown including import duty (10%), VAT (27%), insurance, fuel at Ft1.5/L, maintenance, and depreciation.
Purchase Price
$363K
Base: $260K
Annual Total
$66K
Insurance + fuel + maintenance
Import Duty
$26K
10% of base price
VAT
$77K
27% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$695K
Purchase + 5yr running costs
2020 Ferrari 488 GTB — Full Cost Breakdown in Hungary
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $260K |
| Import Duty (10%) | $26K |
| VAT / Sales Tax (27%) | $77K |
| Total Purchase Price | $363K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $4K |
| Annual Maintenance | $9K |
| Annual Depreciation | $52K |
| Registration & Road Tax | $350 |
| Total Annual Running Cost | $66K |
| 5-Year Total Cost of Ownership | $695K |
| Cost Per Kilometer | $4.430 |
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 — Hungary
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$4,050
USD equivalent
Monthly Fuel Cost
$338
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$27.00
18L × Ft1.50
Ferrari 488 GTB Depreciation Curve
The Ferrari 488 GTB loses approximately $114K (44%) of its value over 5 years.
Year-by-Year Value
| New | $260K | 100% |
| Year 1 | $208K | 80% |
| Year 2 | $187K | 72% |
| Year 3 | $169K | 65% |
| Year 4 | $156K | 60% |
| Year 5 | $146K | 56% |
Depreciation based on exotic segment averages.
Ferrari 488 GTB vs. Competitors in Hungary
How does the Ferrari 488 GTB compare to similar cars available in Hungary?
Ferrari
488 GTB
Base Price
$260K
Annual Cost in Hungary
$66K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Hungary
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Hungary
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Hungary
$40K
Annual costs estimated for Hungary market. Import duty (10%) and VAT (27%) applied to all models.
🇭🇺 Owning a Car in Hungary
Affordable Eastern European market.
Very Expensive for Hungary
Annual car costs = 415% of average Hungary income ($16K/yr)
Average Annual Income
$16K
In Hungary
Fuel Price
Ft1.50/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
10%
On vehicle value
VAT / Sales Tax
27%
Applied at purchase
Driving Side
Right-hand
Europe
Popular Car Brands in Hungary
Ferrari 488 GTB in Hungary — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in Hungary.
The 2020 Ferrari 488 GTB has a base price of $260,000 USD. In Hungary, after 10% import duty and 27% VAT, the total purchase price is approximately $363,220 USD (Ft363,220 HUF).