2020 Ferrari 488 GTBTrue Cost of Ownership in New Zealand
660 hp twin-turbo V8. Full cost breakdown including import duty (5%), VAT (15%), insurance, fuel at NZ$1.5/L, maintenance, and depreciation.
Purchase Price
$314K
Base: $260K
Annual Total
$74K
Insurance + fuel + maintenance
Import Duty
$13K
5% of base price
VAT
$41K
15% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$683K
Purchase + 5yr running costs
2020 Ferrari 488 GTB — Full Cost Breakdown in New Zealand
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $260K |
| Import Duty (5%) | $13K |
| VAT / Sales Tax (15%) | $41K |
| Total Purchase Price | $314K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $4K |
| Annual Maintenance | $15K |
| Annual Depreciation | $52K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $74K |
| 5-Year Total Cost of Ownership | $683K |
| Cost Per Kilometer | $4.925 |
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 — New Zealand
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 × NZ$1.50
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 New Zealand
How does the Ferrari 488 GTB compare to similar cars available in New Zealand?
Ferrari
488 GTB
Base Price
$260K
Annual Cost in New Zealand
$74K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in New Zealand
$35K
McLaren
720S
Base Price
$300K
Annual Cost in New Zealand
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in New Zealand
$40K
Annual costs estimated for New Zealand market. Import duty (5%) and VAT (15%) applied to all models.
🇳🇿 Owning a Car in New Zealand
High fuel prices relative to income.
Very Expensive for New Zealand
Annual car costs = 176% of average New Zealand income ($42K/yr)
Average Annual Income
$42K
In New Zealand
Fuel Price
NZ$1.50/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
5%
On vehicle value
VAT / Sales Tax
15%
Applied at purchase
Driving Side
Left-hand
Oceania
Popular Car Brands in New Zealand
Ferrari 488 GTB in New Zealand — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in New Zealand.
The 2020 Ferrari 488 GTB has a base price of $260,000 USD. In New Zealand, after 5% import duty and 15% VAT, the total purchase price is approximately $313,950 USD (NZ$313,950 NZD).