2023 Ferrari Portofino MTrue Cost of Ownership in South Korea
620 hp convertible GT. Full cost breakdown including import duty (8%), VAT (10%), insurance, fuel at ₩1.55/L, maintenance, and depreciation.
Purchase Price
$267K
Base: $225K
Annual Total
$63K
Insurance + fuel + maintenance
Import Duty
$18K
8% of base price
VAT
$24K
10% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$582K
Purchase + 5yr running costs
2023 Ferrari Portofino M — Full Cost Breakdown in South Korea
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $225K |
| Import Duty (8%) | $18K |
| VAT / Sales Tax (10%) | $24K |
| Total Purchase Price | $267K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $4K |
| Annual Maintenance | $12K |
| Annual Depreciation | $45K |
| Registration & Road Tax | $800 |
| Total Annual Running Cost | $63K |
| 5-Year Total Cost of Ownership | $582K |
| Cost Per Kilometer | $4.194 |
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 — South Korea
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$4,185
USD equivalent
Monthly Fuel Cost
$349
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$27.90
18L × ₩1.55
Ferrari Portofino M Depreciation Curve
The Ferrari Portofino M loses approximately $99K (44%) of its value over 5 years.
Year-by-Year Value
| New | $225K | 100% |
| Year 1 | $180K | 80% |
| Year 2 | $162K | 72% |
| Year 3 | $146K | 65% |
| Year 4 | $135K | 60% |
| Year 5 | $126K | 56% |
Depreciation based on exotic segment averages.
Ferrari Portofino M vs. Competitors in South Korea
How does the Ferrari Portofino M compare to similar cars available in South Korea?
Ferrari
Portofino M
Base Price
$225K
Annual Cost in South Korea
$63K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in South Korea
$35K
McLaren
720S
Base Price
$300K
Annual Cost in South Korea
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in South Korea
$40K
Annual costs estimated for South Korea market. Import duty (8%) and VAT (10%) applied to all models.
🇰🇷 Owning a Car in South Korea
Strong domestic brands keep costs lower.
Very Expensive for South Korea
Annual car costs = 197% of average South Korea income ($32K/yr)
Average Annual Income
$32K
In South Korea
Fuel Price
₩1.55/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
8%
On vehicle value
VAT / Sales Tax
10%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in South Korea
Ferrari Portofino M in South Korea — Frequently Asked Questions
Common questions about owning a Ferrari Portofino M in South Korea.
The 2023 Ferrari Portofino M has a base price of $225,000 USD. In South Korea, after 8% import duty and 10% VAT, the total purchase price is approximately $267,300 USD (₩267,300 KRW).