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FERRARI 488 (2016)

Running costs, reliability data, and common problems from 1,076 real MOT tests.

Annual Cost

£2,607

£217/month

MOT Pass Rate

98%

Excellent

Road Tax

£760

Based on CC/year

Insurance

Grp 35-50

3902cc Petrol

Great Choice

98% pass rate, £2607/year to run. 16 points above average.

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Petrol3902cc10 years old1,076 tests14k miles avg

Annual Running Costs

Fuel (Petrol, 3902cc)

~30 mpg

£1,592
Road Tax

Based on 3902cc

£760
MOT Test
£55
Predicted Repairs

Low estimate due to excellent reliability

£200
Total per year£2,607
Per month£217/mo
Per week£50/wk

Based on 7,400 miles/year (UK average), current fuel prices, and repair likelihood from MOT data. Insurance not included.

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Reliability Verdict

98% MOT pass rate(Excellent)
0%National avg: 82%100%

Excellent reliability. Very few MOT failures. That's 16 points above the national average of 82%.

At 10 years old, 98% of FERRARI 488s from 2016 passed their MOT first time in 2026. That's based on 1,076 tests across the UK. The average mileage at this age is 13,585 miles.

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How Does It Compare?

Rank among 2016 cars25th of 586(top 4%)
Rank among FERRARI models49th of 149(top 33%)
vs national average+16%(82% avg)
vs 2016 cars average+13%(85% avg)
vs FERRARI average+2%(96% avg)

Mileage Analysis

13,585

Average miles

vs

74,000

Expected for age

The average 2016 FERRARI 488 has 13,585 miles on the clock, which is significantly below the expected 74,000 miles for a 10-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.

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Best Year to Buy?

The most reliable year is the 2018 model with a 99% MOT pass rate, while the 2016 model has the lowest at 98%. Consider a different year if reliability is a priority.

FERRARI 488 by Year

YearPass RateTestsAvg Mileage
201999%3738,797 mi
201899%1,51210,524 mi
201799%1,48910,643 mi
201698%1,07613,585 mi
2015100%4815,774 mi

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About the 2016 FERRARI 488

The 2016 FERRARI 488 is a luxury with a 3902cc petrol engine. 1,076 of these vehicles were MOT tested in 2026, making it a reasonably common sight on UK roads. It ranks in the top 4% of all 2016 cars for reliability.

With an average of 13,585 miles at 10 years old, FERRARI 488 owners tend to use this car less than the typical driver. Very low mileage could mean the car has been garaged or used only for short trips, which can cause its own issues like battery drain and moisture buildup.

2016 FERRARI 488 Fuel Costs

The 3902cc petrol engine is on the larger side, so fuel won't be this car's strong point. Expect around 30 mpg in mixed driving, which works out to roughly £1,592 per year at current petrol prices of 142p per litre (based on 7,400 miles per year).

What does it cost to own a 2016 FERRARI 488?

Total estimated annual running cost is £2,607 217/month), broken down as £1592 fuel, £760 road tax, £55 MOT, and £200 predicted repairs. The low repair estimate reflects the excellent 98% pass rate. These cars rarely fail their MOT, so unexpected bills are less likely.

FERRARI 488 Reliability Trend

The FERRARI 488 has maintained consistent MOT pass rates across model years, varying by only 1 percentage points.

Buying a Used 2016 FERRARI 488

At 10 years old, the FERRARI 488 is firmly in budget territory. Purchase prices are low, but check for rust, worn suspension bushes, and electrical gremlins. A full service history is especially valuable at this age.

Common Issues to Watch For

Based on the 2016 FERRARI 488's fuel type, age, and engine size, these are the most likely problem areas to check.

Timing Chain / Belt

Watch out

At 10 years old, check whether the timing belt has been replaced (typically due every 5-7 years or 60,000-100,000 miles). A snapped belt can destroy the engine.

Oil Consumption

Medium risk

Larger petrol engines can develop higher oil consumption as they age. Check the oil level and look for blue smoke from the exhaust.

Rust and Corrosion

Watch out

At 10+ years, check wheel arches, sills, subframe, and brake lines for rust. Structural corrosion is an MOT failure. Prevention is far cheaper than repair.

Suspension Bushings

Watch out

Rubber suspension bushes harden and crack with age, causing knocking noises and vague handling. A full refresh costs £300-£800 depending on the car.

Service History

Low risk

Always request a full service history. Regular servicing is the single best indicator of how well a car has been maintained, regardless of mileage.

Running Costs Compared

How the 2016 FERRARI 488 stacks up against similar cars for annual running costs, insurance, and tax.

CarPass RateFuel/yrTax/yrInsuranceTotal/yr
FERRARI 488(2016)98%£1592£760Grp 35-50£2607
MERCEDES C(2016)88%£1592£250Grp 35-50£2247-£360
AUDI A6(2016)89%£1592£250Grp 35-50£2247-£360
PORSCHE MACAN(2015)91%£1592£250Grp 35-50£2097-£510
VOLKSWAGEN TOUAREG(2015)85%£1592£250Grp 35-50£2247-£360

Estimates based on 7,400 miles/year, current fuel prices, and MOT data. Insurance groups are indicative. Actual costs vary by driver, location, and usage.

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