How much is a 488 GTB worth?
The average price for a Ferrari 488 is $252,906. Prices for a used 2018 Ferrari 488 currently range from $206,999 to $268,999, with vehicle mileage ranging from 5,492 to 30,882. Find used 2018 Ferrari 488 inventory at a TrueCar Certified Dealership near you by entering your zip code and seeing the best matches in your area.The value of a used 2019 Ferrari 488 GTB ranges from $105,184 to $161,193, based on vehicle condition, mileage, and options.Insuring a Ferrari 488 GTB is notably more expensive than average vehicles due to its high value and specialized repair costs. The average annual insurance premium for a Ferrari 488 GTB is approximately $3,358, equating to about $279 per month.While it can vary based on model and year, generally, the average yearly Ferrari maintenance costs range between $1,500 and $2,000.
Is the Ferrari 488 GTB rare?
Ferrari’s limited production numbers ensure that each 488 GTB remains rare, which is a crucial factor for collectors seeking unique and valuable automobiles. This scarcity enhances the car’s desirability and long-term investment potential. Ferrari 458 Italia Performance Yet Chicago drivers can already see that the specs support the newcomer, even if the Ferrari 458 Italia is quite impressive at 562 and 398 lb-ft of torque. The 488 GTB even has a slight edge in top speed at 205 mph over the 458 Italia’s 202 mph.Driving enthusiasts recognize the 488 GTB name as a return to the classic Ferrari model designation — 488 indicates the engine’s unitary displacement, while GTB stands for Gran Turismo Berlinetta.Ferrari 458 Italia Performance Yet Chicago drivers can already see that the specs support the newcomer, even if the Ferrari 458 Italia is quite impressive at 562 and 398 lb-ft of torque. The 488 GTB even has a slight edge in top speed at 205 mph over the 458 Italia’s 202 mph.Known for its elegant, sculpted bodywork and powerful performance, the Ferrari 275 GTB is a true classic that embodies the spirit of the 1960s sports car era. Selleck, an avid car enthusiast, has owned this particular model for many years, showcasing his appreciation for timeless design and engineering marvels.Ferrari 488 GTB Performance Driving enthusiasts recognize the 488 GTB name as a return to the classic Ferrari model designation — 488 indicates the engine’s unitary displacement, while GTB stands for Gran Turismo Berlinetta. Expect performance that lives up to those high standards.
What does GTB mean on a Ferrari?
The 488 in “488 GTB” represents one engine cylinder’s displacement while the “GTB” stands for “Gran Turismo Berlinetta. Though not always the case, seeing an increase in engine displacement is often a sign of an increase in power. Ferrari 458 Italia Performance The 488 GTB even has a slight edge in top speed at 205 mph over the 458 Italia’s 202 mph.The 488 in “488 GTB” represents one engine cylinder’s displacement while the “GTB” stands for “Gran Turismo Berlinetta. Though not always the case, seeing an increase in engine displacement is often a sign of an increase in power.Ferrari 458 Italia Performance The 488 GTB even has a slight edge in top speed at 205 mph over the 458 Italia’s 202 mph.
Are Ferrari 488 GTB reliable?
Despite these costs, the 488’s reliability when properly maintained is commendable. Issues such as turbo-related problems or electronic glitches are not widespread, but routine checks are essential to prevent any unforeseen issues. One of the appealing aspects of the Ferrari 488 is its value retention. At the other end of the problem spectrum, the most common 488 problems revolve around the battery. Modern Ferraris are stuffed with dozens of ECUs, which draw substantial amperage; if the car is not kept on a battery tender, the battery will drain.
Is the Ferrari 488 GTB a good investment?
Ferrari produces this model in limited numbers, which makes owning one a privilege few can enjoy. The exclusivity drives demand and enhances the car’s long-term investment potential. Collectors and enthusiasts recognize the 488 GTB not just as a vehicle but as a valuable asset that appreciates over time. The main competitors of the Ferrari 488 include supercars such as the Lamborghini Huracán, McLaren 720S, and Porsche 911 Turbo S. These models are on the same level as the 488 in terms of performance, design, and brand influence. The Lamborghini Huracán is well – known for its aggressive appearance and V10 engine.As a classic mid – engined V8 supercar series under the brand, the global production volume of the Ferrari 488 is approximately 11,000 to 12,000 units. The specific figure covers different versions such as the 488 GTB, 488 Spider, and the track – exclusive 488 Pista.The Ferrari 488 officially ceased production in 2020. As a classic model in Ferrari’s mid – engined V8 sports car series, it made its debut in 2015, replacing the previous 458 Italia. Its successor, the F8 Tributo, was launched in 2019 and gradually took over its market position.
Does the Ferrari 488 hold value?
Over the course of three years, the Ferrari 488 Pista remained the slowest depreciating car, losing just over 5% of its value. It’s clear why so many consider a Ferrari a good investment. Those that appreciate do so significantly, while those that depreciate, depreciate slowly. While it does depreciate, the rate is slower compared to many other high-end sports cars. This slower depreciation is partly due to the Ferrari brand’s prestige and the 488’s popularity among enthusiasts. The 488’s value retention is influenced by several factors.Generally speaking, Ferraris depreciate 20% to 30% over their first year. From there, depreciation typically slows to 10% to 15% yearly, eventually leveling off over time. But this isn’t true for all Ferrari models.One of the appealing aspects of the Ferrari 488 is its value retention. While it does depreciate, the rate is slower compared to many other high-end sports cars. This slower depreciation is partly due to the Ferrari brand’s prestige and the 488’s popularity among enthusiasts.