2021 Ferrari Monza SP1True Cost of Ownership in Singapore
810 hp NA V12, barchetta. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$2.8M
Base: $1.8M
Annual Total
$338K
Insurance + fuel + maintenance
Import Duty
$738K
41% of base price
VAT
$228K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$4.5M
Purchase + 5yr running costs
2021 Ferrari Monza SP1 — Full Cost Breakdown in Singapore
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $1.8M |
| Import Duty (41%) | $738K |
| VAT / Sales Tax (9%) | $228K |
| Total Purchase Price | $2.8M |
| Annual Insurance | $3K |
| Annual Fuel Cost | $6K |
| Annual Maintenance | $50K |
| Annual Depreciation | $270K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $338K |
| 5-Year Total Cost of Ownership | $4.5M |
| Cost Per Kilometer | $22.565 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ferrari Monza SP1 Fuel Cost Calculator — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$6,270
USD equivalent
Monthly Fuel Cost
$523
Per month average
Annual Liters Used
3,300L
At 15,000 km/yr
Cost per 100km
$41.80
22L × S$1.90
Ferrari Monza SP1 Depreciation Curve
The Ferrari Monza SP1 loses approximately $630K (35%) of its value over 5 years.
Year-by-Year Value
| New | $1.8M | 100% |
| Year 1 | $1.5M | 85% |
| Year 2 | $1.4M | 78% |
| Year 3 | $1.3M | 72% |
| Year 4 | $1.2M | 68% |
| Year 5 | $1.2M | 65% |
Depreciation based on hypercar segment averages.
Ferrari Monza SP1 vs. Competitors in Singapore
How does the Ferrari Monza SP1 compare to similar cars available in Singapore?
Ferrari
Monza SP1
Base Price
$1.8M
Annual Cost in Singapore
$338K
Bugatti
Chiron
Base Price
$3.0M
Annual Cost in Singapore
$350K
Koenigsegg
Jesko
Base Price
$3.0M
Annual Cost in Singapore
$320K
Pagani
Huayra
Base Price
$1.4M
Annual Cost in Singapore
$180K
Annual costs estimated for Singapore market. Import duty (41%) and VAT (9%) applied to all models.
🇸🇬 Owning a Car in Singapore
COE system adds $50K–$100K to car cost.
Very Expensive for Singapore
Annual car costs = 584% of average Singapore income ($58K/yr)
Average Annual Income
$58K
In Singapore
Fuel Price
S$1.90/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
41%
On vehicle value
VAT / Sales Tax
9%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Singapore
Ferrari Monza SP1 in Singapore — Frequently Asked Questions
Common questions about owning a Ferrari Monza SP1 in Singapore.
The 2021 Ferrari Monza SP1 has a base price of $1,800,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $2,766,420 USD (S$2,766,420 SGD).