CarCostCheck

FERRARI 488 (2018)

Running costs, common problems, and reliability data based on 1,512 real MOT tests in 2024.

MOT Pass Rate

99%

Total Tests (2024)

1,512

Avg Mileage

10,524 mi

Est. Annual Cost

£2,037

Is the 2018 FERRARI 488 reliable?

Excellent reliability. Very few MOT failures. That's 17 points above the national average of 82%.

At 6 years old, 99% of FERRARI 488s from 2018 passed their MOT first time in 2024. That's based on 1,512 tests across the UK. The average mileage at this age is 10,524 miles.

How does the 2018 FERRARI 488 compare?

Rank among all 2018 cars28th out of 649(top 4%)
Rank among all FERRARI models33th out of 149(top 22%)
vs national average+17% (82% avg)
vs 2018 cars average+10% (89% avg)
vs FERRARI average+3% (96% avg)

Mileage Analysis

The average 2018 FERRARI 488 has 10,524 miles on the clock, which is significantly below the expected 44,400 miles for a 6-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.

How much does a 2018 FERRARI 488 cost to run?

Fuel (Petrol, 3902cc)
£1,592
🏛️Road Tax
£190
🔧MOT Test
£55
🛠️Predicted Repairs
£200
Total per year£2,037
Per month£170/mo

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

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

Checking a specific FERRARI 488?

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About the 2018 FERRARI 488

The 2018 FERRARI 488 is a luxury with a 3902cc petrol engine. 1,512 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 2018 cars for reliability.

With an average of 10,524 miles at 6 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.

2018 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 2018 FERRARI 488?

Total estimated annual running cost is £2,037 170/month), broken down as £1592 fuel, £190 road tax, £55 MOT, and £200 predicted repairs. The low repair estimate reflects the excellent 99% 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 2018 FERRARI 488

At 6 years old, the FERRARI 488 offers good value with plenty of life remaining. Most manufacturer warranties will have expired, so a pre-purchase inspection is worth the cost.

Alternatives to the 2018 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: