Used cars›Ferrari›488›Ferrari 488 GTB
What it really costs
About S$373,916 in all, before insurance, fuel, parking and servicing.
| Asking price | S$550,000 |
| PARF rebate when the COE ends (half the ARF) | − S$225,516 |
| ÷ COE left (10m) | S$389,381/yr |
The listing works it out at S$370,120/yr; small gaps come from rounding and the exact COE end date.
Paper value today (what LTA would refund if it were scrapped now): S$229,899.
Assumes its value falls in a straight line to its paper value when the COE runs out, as Singapore’s depreciation figure does.
This car Similar cars (tap one to open it) Typical figure
Ferrari 488 GTB
2017 · Sports · Rare
Bad carma
Carma score out of 100
- Depreciation 11% above the S$332,400/yr typical of 11 Ferrari 488 registered 2017–2019
- Low mileage: about 4,000 km a year
- 6 owners
- Only 10m of COE left
Facts from the listing on sgcarmart.com, with prices rechecked daily. Carma doesn’t sell this car: contact the seller through the original listing.
Similar cars
Ferrari 488 GTB
2019 · 16,588 km · Auto · 2y 5m COE left
Depreciation 49% below the S$374,800/yr typical of 12 Ferrari 488 registered 2017–2020
Ferrari 488 GTB (New 10-yr COE)
2017 · 59,000 km · Auto · 10y 3m COE left
Depreciation 8% below the S$66,250/yr typical of 10 COE-renewed Ferrari 488 registered 2016–2017
Ferrari 488 GTB (COE till 03/2036)
2016 · 34,000 km · Auto · 9y 4m COE left
Depreciation 6% below the S$66,250/yr typical of 10 COE-renewed Ferrari 488 registered 2016–2017
Ferrari 488 GTB
2018 · 21,000 km · Auto · 1y 11m COE left
Depreciation 44% below the S$374,800/yr typical of 12 Ferrari 488 registered 2017–2020