FERRARI 488 (2016)
Running costs, common problems, and reliability data based on 1,076 real MOT tests in 2024.
MOT Pass Rate
98%
Total Tests (2024)
1,076
Avg Mileage
13,585 mi
Est. Annual Cost
£2,097
Is the 2016 FERRARI 488 reliable?
Excellent reliability. Very few MOT failures. That's 16 points above the national average of 82%.
At 8 years old, 98% of FERRARI 488s from 2016 passed their MOT first time in 2024. That's based on 1,076 tests across the UK. The average mileage at this age is 13,585 miles.
How does the 2016 FERRARI 488 compare?
Mileage Analysis
The average 2016 FERRARI 488 has 13,585 miles on the clock, which is significantly below the expected 59,200 miles for a 8-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.
Best year to buy a FERRARI 488?
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.
How much does a 2016 FERRARI 488 cost to run?
Based on 7,400 miles/year (UK average), current fuel prices, and repair likelihood from MOT pass rate data. Insurance not included.
FERRARI 488 by Year
Checking a specific FERRARI 488?
Enter the reg plate to see its individual MOT history, mileage verification, and predicted costs.
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 2024, 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 8 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 £2,097 (£175/month), broken down as £1592 fuel, £250 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 8 years old, this is a solid used buy if you find one with good service history. Depreciation has levelled off, so you won't lose much more value. Focus on condition over mileage.
Alternatives to the 2016 FERRARI 488
The FERRARI 488 is actually the most reliable option among similar petrol luxurys from this era. Here are comparable petrol cars with similar engines:
- MERCEDES C (2016) 88% pass rate (-10%) from 80,181 tests
- AUDI A6 (2016) 89% pass rate (-9%) from 26,437 tests
- PORSCHE MACAN (2015) 91% pass rate (-7%) from 10,904 tests
- VOLKSWAGEN TOUAREG (2015) 85% pass rate (-13%) from 9,905 tests