2020 Ferrari 488 GTBTrue Cost of Ownership in South Africa
660 hp twin-turbo V8. Full cost breakdown including import duty (25%), VAT (15%), insurance, fuel at R1.15/L, maintenance, and depreciation.
Purchase Price
$374K
Base: $260K
Annual Total
$70K
Insurance + fuel + maintenance
Import Duty
$65K
25% of base price
VAT
$49K
15% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$723K
Purchase + 5yr running costs
2020 Ferrari 488 GTB — Full Cost Breakdown in South Africa
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 (15%) | $49K |
| Total Purchase Price | $374K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $13K |
| Annual Depreciation | $52K |
| Registration & Road Tax | $400 |
| Total Annual Running Cost | $70K |
| 5-Year Total Cost of Ownership | $723K |
| Cost Per Kilometer | $4.657 |
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 — South Africa
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,105
USD equivalent
Monthly Fuel Cost
$259
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$20.70
18L × R1.15
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 South Africa
How does the Ferrari 488 GTB compare to similar cars available in South Africa?
Ferrari
488 GTB
Base Price
$260K
Annual Cost in South Africa
$70K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in South Africa
$35K
McLaren
720S
Base Price
$300K
Annual Cost in South Africa
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in South Africa
$40K
Annual costs estimated for South Africa market. Import duty (25%) and VAT (15%) applied to all models.
🇿🇦 Owning a Car in South Africa
High import duties on most vehicles.
Very Expensive for South Africa
Annual car costs = 998% of average South Africa income ($7K/yr)
Average Annual Income
$7K
In South Africa
Fuel Price
R1.15/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
25%
On vehicle value
VAT / Sales Tax
15%
Applied at purchase
Driving Side
Left-hand
Africa
Popular Car Brands in South Africa
Ferrari 488 GTB in South Africa — Frequently Asked Questions
Common questions about owning a Ferrari 488 GTB in South Africa.
The 2020 Ferrari 488 GTB has a base price of $260,000 USD. In South Africa, after 25% import duty and 15% VAT, the total purchase price is approximately $373,750 USD (R373,750 ZAR).