2020 Ferrari 488 GTBTrue Cost of Ownership in Kenya
660 hp twin-turbo V8. Full cost breakdown including import duty (25%), VAT (16%), insurance, fuel at KSh1.35/L, maintenance, and depreciation.
Purchase Price
$377K
Base: $260K
Annual Total
$63K
Insurance + fuel + maintenance
Import Duty
$65K
25% of base price
VAT
$52K
16% applied
Annual Insurance
$750
Avg for this country
5-Year Total
$693K
Purchase + 5yr running costs
2020 Ferrari 488 GTB — Full Cost Breakdown in Kenya
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $260K |
| Import Duty (25%) | $65K |
| VAT / Sales Tax (16%) | $52K |
| Total Purchase Price | $377K |
| Annual Insurance | $750 |
| Annual Fuel Cost | $4K |
| Annual Maintenance | $6K |
| Annual Depreciation | $52K |
| Registration & Road Tax | $300 |
| Total Annual Running Cost | $63K |
| 5-Year Total Cost of Ownership | $693K |
| Cost Per Kilometer | $4.208 |
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 — Kenya
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,645
USD equivalent
Monthly Fuel Cost
$304
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$24.30
18L × KSh1.35
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 Kenya
How does the Ferrari 488 GTB compare to similar cars available in Kenya?
Ferrari
488 GTB
Base Price
$260K
Annual Cost in Kenya
$63K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Kenya
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Kenya
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Kenya
$40K
Annual costs estimated for Kenya market. Import duty (25%) and VAT (16%) applied to all models.
🇰🇪 Owning a Car in Kenya
Used Japanese imports dominate market.
Very Expensive for Kenya
Annual car costs = 2869% of average Kenya income ($2K/yr)
Average Annual Income
$2K
In Kenya
Fuel Price
KSh1.35/L
Gasoline dominant
Avg Car Insurance
$750
Per year
Import Duty
25%
On vehicle value
VAT / Sales Tax
16%
Applied at purchase
Driving Side
Left-hand
Africa
Popular Car Brands in Kenya
Ferrari 488 GTB in Kenya — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in Kenya.
The 2020 Ferrari 488 GTB has a base price of $260,000 USD. In Kenya, after 25% import duty and 16% VAT, the total purchase price is approximately $377,000 USD (KSh377,000 KES).