2020 Ferrari 488 GTBTrue Cost of Ownership in Israel
660 hp twin-turbo V8. Full cost breakdown including import duty (83%), VAT (17%), insurance, fuel at ₪2/L, maintenance, and depreciation.
Purchase Price
$557K
Base: $260K
Annual Total
$79K
Insurance + fuel + maintenance
Import Duty
$216K
83% of base price
VAT
$81K
17% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$952K
Purchase + 5yr running costs
2020 Ferrari 488 GTB — Full Cost Breakdown in Israel
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $260K |
| Import Duty (83%) | $216K |
| VAT / Sales Tax (17%) | $81K |
| Total Purchase Price | $557K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $5K |
| Annual Maintenance | $18K |
| Annual Depreciation | $52K |
| Registration & Road Tax | $2K |
| Total Annual Running Cost | $79K |
| 5-Year Total Cost of Ownership | $952K |
| Cost Per Kilometer | $5.267 |
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 — Israel
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$5,400
USD equivalent
Monthly Fuel Cost
$450
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$36.00
18L × ₪2.00
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 Israel
How does the Ferrari 488 GTB compare to similar cars available in Israel?
Ferrari
488 GTB
Base Price
$260K
Annual Cost in Israel
$79K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Israel
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Israel
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Israel
$40K
Annual costs estimated for Israel market. Import duty (83%) and VAT (17%) applied to all models.
🇮🇱 Owning a Car in Israel
Very high import taxes on all vehicles.
Very Expensive for Israel
Annual car costs = 208% of average Israel income ($38K/yr)
Average Annual Income
$38K
In Israel
Fuel Price
₪2.00/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
83%
On vehicle value
VAT / Sales Tax
17%
Applied at purchase
Driving Side
Right-hand
Middle East
Popular Car Brands in Israel
Ferrari 488 GTB in Israel — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in Israel.
The 2020 Ferrari 488 GTB has a base price of $260,000 USD. In Israel, after 83% import duty and 17% VAT, the total purchase price is approximately $556,686 USD (₪556,686 ILS).