2021 Ferrari Monza SP2True Cost of Ownership in Canada
810 hp NA V12, two-seat. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$2.0M
Base: $1.8M
Annual Total
$316K
Insurance + fuel + maintenance
Import Duty
$110K
6.1% of base price
VAT
$95K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$3.6M
Purchase + 5yr running costs
2021 Ferrari Monza SP2 — Full Cost Breakdown in Canada
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 (6.1%) | $110K |
| VAT / Sales Tax (5%) | $95K |
| Total Purchase Price | $2.0M |
| Annual Insurance | $2K |
| Annual Fuel Cost | $4K |
| Annual Maintenance | $39K |
| Annual Depreciation | $270K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $316K |
| 5-Year Total Cost of Ownership | $3.6M |
| Cost Per Kilometer | $21.070 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ferrari Monza SP2 Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,960
USD equivalent
Monthly Fuel Cost
$330
Per month average
Annual Liters Used
3,300L
At 15,000 km/yr
Cost per 100km
$26.40
22L × C$1.20
Ferrari Monza SP2 Depreciation Curve
The Ferrari Monza SP2 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 SP2 vs. Competitors in Canada
How does the Ferrari Monza SP2 compare to similar cars available in Canada?
Ferrari
Monza SP2
Base Price
$1.8M
Annual Cost in Canada
$316K
Bugatti
Chiron
Base Price
$3.0M
Annual Cost in Canada
$350K
Koenigsegg
Jesko
Base Price
$3.0M
Annual Cost in Canada
$320K
Pagani
Huayra
Base Price
$1.4M
Annual Cost in Canada
$180K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Very Expensive for Canada
Annual car costs = 658% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Ferrari Monza SP2 in Canada — Frequently Asked Questions
Common questions about owning a Ferrari Monza SP2 in Canada.
The 2021 Ferrari Monza SP2 has a base price of $1,800,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $2,005,290 USD (C$2,005,290 CAD).