2022 Ferrari Portofino MTrue Cost of Ownership in Canada
620 hp convertible GT. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$245K
Base: $220K
Annual Total
$69K
Insurance + fuel + maintenance
Import Duty
$13K
6.1% of base price
VAT
$12K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$590K
Purchase + 5yr running costs
2022 Ferrari Portofino M — 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) | $220K |
| Import Duty (6.1%) | $13K |
| VAT / Sales Tax (5%) | $12K |
| Total Purchase Price | $245K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $19K |
| Annual Depreciation | $44K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $69K |
| 5-Year Total Cost of Ownership | $590K |
| Cost Per Kilometer | $4.593 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ferrari Portofino M Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,240
USD equivalent
Monthly Fuel Cost
$270
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$21.60
18L × C$1.20
Ferrari Portofino M Depreciation Curve
The Ferrari Portofino M loses approximately $97K (44%) of its value over 5 years.
Year-by-Year Value
| New | $220K | 100% |
| Year 1 | $176K | 80% |
| Year 2 | $158K | 72% |
| Year 3 | $143K | 65% |
| Year 4 | $132K | 60% |
| Year 5 | $123K | 56% |
Depreciation based on exotic segment averages.
Ferrari Portofino M vs. Competitors in Canada
How does the Ferrari Portofino M compare to similar cars available in Canada?
Ferrari
Portofino M
Base Price
$220K
Annual Cost in Canada
$69K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Canada
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Canada
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Canada
$40K
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 = 144% 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 Portofino M in Canada — Frequently Asked Questions
Common questions about owning a Ferrari Portofino M in Canada.
The 2022 Ferrari Portofino M has a base price of $220,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $245,091 USD (C$245,091 CAD).