Ferrari 296 GTB Resale Value and Depreciation
See how much the Ferrari 296 GTB depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Ferrari 296 GTB depreciates 18.2 percent after five years, resulting in a resale value of $274,211. In comparison, the exotic hybrid sports car category, which the Ferrari 296 GTB belongs to, loses 25.4 percent of its value after five years. For further context, the five-year depreciation for all coupes is 23 percent and for all vehicles is 41.5 percent.
If you plan to drive a new Ferrari 296 GTB for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Ferrari 296 GTB sees a depreciation of 0.9 percent with a resale value of $338,201. Its 7-year depreciation is 35.6 percent and 10-year depreciation is 58 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Ferrari 296 GTB depreciates 18.2 percent after five years, resulting in a resale value of $274,211. In comparison, the exotic hybrid sports car category, which the Ferrari 296 GTB belongs to, loses 25.4 percent of its value after five years. For further context, the five-year depreciation for all coupes is 23 percent and for all vehicles is 41.5 percent.
If you plan to drive a new Ferrari 296 GTB for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Ferrari 296 GTB sees a depreciation of 0.9 percent with a resale value of $338,201. Its 7-year depreciation is 35.6 percent and 10-year depreciation is 58 percent.
Ferrari 296 GTB Depreciation After 3, 5, 7 and 10 Years
Ferrari 296 GTB Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.0088034133 |
2951.344308825 |
1.0088034133 |
338201.344308825 |
|
5 Years |
0.1820706706 |
61039.19231865 |
0.8179293294 |
274210.80768135 |
|
7 Years |
0.3564513289 |
119500.308013725 |
0.6435486711 |
215749.691986275 |
|
10 Years |
0.5799766592 |
194437.1749968 |
0.4200233408 |
140812.8250032 |
Ferrari 296 GTB Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Ferrari 296 GTB |
0.0088034133 |
0.1820706706 |
0.3564513289 |
0.5799766592 |
|
All Exotic Hybrid Sports Cars |
0.0159191708724324 |
0.25438599295 |
0.4197581250666667 |
0.59733481435 |
|
All Coupes |
0.0609853597035018 |
0.2301317384663754 |
0.3535581966853585 |
0.5118979047081245 |
|
All Cars |
0.2394514816399771 |
0.4148778028183556 |
0.5272667613116062 |
0.6537215231104988 |
Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.