Ferrari 488 GTB (2018)

Estimated running costs and MOT pass rates from 50 MOT tests in 2024.

Annual Cost

£2,413

£201/month

MOT Pass Rate

94%

Excellent

Road Tax

£200

Standard rate/year

Est. Insurance

Grp 35-50

3902cc Petrol

Great Choice

94% pass rate, £2,413/year to run. 12 points above average.

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Petrol3902cc8 years old50 tests9k miles avg

Annual Running Costs

Fuel (Petrol, 3902cc)

~30 mpg

£1,958

Road Tax

Standard rate (from April 2017)

£200

MOT Test

£55

Predicted Repairs

Low estimate due to excellent reliability

£200

Total per year£2,413

Per month£201/mo

Per week£46/wk

Estimates based on 7,400 miles/year (UK average), petrol at 174.57p a litre (GOV.UK weekly average, week of 19 October 2026), GOV.UK road tax rates and repair likelihood from MOT data. Insurance not included. Cars registered from April 2017 pay the £200 standard rate, plus £440 a year for five years (from the second year) if they cost over £40,000 new (over £50,000 for electric cars).

Reliability Verdict

94% MOT pass rate(Excellent)

0%All-model avg: 82%100%

Excellent reliability. Very few MOT failures. That's 12 points above the average of 82% across all models in our data.

94% of MOT tests on Ferrari 488 GTBs from 2018 ended in a pass in 2024, when they were about 6 years old. That's based on 50 tests across the UK, retests included. The average mileage recorded at those tests was 9,156 miles.

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How Does It Compare?

Rank among 2018 models143rd of 607(top 24%)

Rank among Ferrari models117th of 146(bottom 21%)

vs average of all models+12%(82% avg)

vs 2018 models average+5%(89% avg)

vs Ferrari average-2%(96% avg)

Mileage Analysis

9,156

Average miles

44,400

Expected for age

The average 2018 Ferrari 488 GTB had 9,156 miles on the clock at its 2024 MOT, 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.

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Similar Cars to Consider

Mercedes C

2016 · 3982cc Petrol

£3,153/year

88%

-6%

Audi A6

2016 · 3993cc Petrol

£3,153/year

89%

-5%

Porsche Cayenne

2019 · 3996cc Petrol

£2,413/year

95%

+1%

Porsche 911

2018 · 3996cc Petrol

£2,413/year

96%

+2%

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About the 2018 Ferrari 488 GTB

The 2018 Ferrari 488 GTB is a luxury car. Our records list a 3902cc petrol engine, though engines vary between versions. 50 MOT tests were recorded on this model in 2024, making it a rare model on UK roads. It ranks in the top 24% of all 2018 models for MOT pass rate.

With an average of 9,156 miles recorded at its 2024 MOT tests, Ferrari 488 GTB 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 GTB 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 £1,958 per year with petrol at 174.57p per litre (GOV.UK weekly average, week of 19 October 2026; based on 7,400 miles per year).

What does it cost to own a 2018 Ferrari 488 GTB?

Total estimated annual running cost is £2,413 (£201/month), broken down as £1,958 fuel, £200 road tax, £55 MOT, and £200 predicted repairs. The low repair estimate reflects the excellent 94% pass rate. These cars rarely fail their MOT, so unexpected bills are less likely.

Buying a Used 2018 Ferrari 488 GTB

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. Note: with only 50 tests in our data, these figures should be treated as indicative rather than definitive.

Common Issues to Watch For

These are typical issues for cars of this age, fuel type and engine size, not faults recorded on this model's MOT tests. Use them as a checklist when you view one.

Timing Chain / Belt

Watch out

At 8 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.

Suspension Wear

Medium risk

Shock absorbers, springs, and anti-roll bar links typically need attention around this age. Listen for clunks over bumps and check for uneven tyre wear.

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 2018 Ferrari 488 GTB stacks up against similar cars for estimated annual running costs, insurance group, and tax.

Car	Pass Rate	Fuel/yr	Tax/yr	Est. Ins. Group	Total/yr
Ferrari 488 GTB(2018)	94%	£1,958	£200	Grp 35-50	£2,413
Mercedes C(2016)	88%	£1,958	£790	Grp 35-50	£3,153+£740
Audi A6(2016)	89%	£1,958	£790	Grp 35-50	£3,153+£740
Porsche Cayenne(2019)	95%	£1,958	£200	Grp 35-50	£2,413same
Porsche 911(2018)	96%	£1,958	£200	Grp 35-50	£2,413same

Estimates based on 7,400 miles/year, GOV.UK average pump prices for the week of 19 October 2026, GOV.UK road tax rates and MOT data. Insurance groups are our rough estimate from engine size, not official groups. Actual costs vary by driver, location, and usage.

Questions about the 2018 Ferrari 488 GTB

Is the 2018 Ferrari 488 GTB reliable?

Excellent reliability. Very few MOT failures. 94% of MOT tests on 2018 Ferrari 488 GTBs ended in a pass, from 50 tests (DVSA MOT data for tests in 2024, retests included). That's 12 points above the average of 82% across all models in the same data.

How much does a 2018 Ferrari 488 GTB cost to run?

Our estimate is £2,413 a year (£201 a month): £1,958 fuel, £200 road tax, £55 MOT and £200 predicted repairs, based on 7,400 miles a year. Insurance is not included.

What is the MOT pass rate for a 2018 Ferrari 488 GTB?

94% of 50 MOT tests on the 2018 Ferrari 488 GTB ended in a pass (DVSA MOT data for tests in 2024, retests included). That ranks it 143rd of 607 models first registered in 2018 (top 24%).

What is the average mileage for a 2018 Ferrari 488 GTB?

The average mileage recorded at MOT tests on the 2018 Ferrari 488 GTB is 9,156 miles, 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.