# Ferrari 296 GTB — Used Car Buying Guide

AutoScout's analysis of the Ferrari 296 GTB on the UK used-car market. Backed by 33 million DVSA MOT tests, current AutoTrader pricing, and depreciation curves derived from CAP/Glass's Guide data.

Live interactive report: https://autoscout.fyi/cars/ferrari-296-gtb

## Verdict

- **Best value year**: 2023
- **Ideal trim**: GTB Standard
- **Target mileage**: 1,000–5,000 miles
- **Max previous owners**: 2
- **Target price**: £210,000

## Why this model

The Ferrari 296 GTB is a groundbreaking car for Ferrari, blending a potent V6 twin-turbo engine with a plug-in hybrid system to deliver astonishing performance and a truly engaging driving experience. It's incredibly fast, handles beautifully, and marks a significant technological leap for the brand. As a used purchase, you're getting a cutting-edge supercar that's still very new, with much of its initial depreciation already absorbed, making it a slightly more 'accessible' entry into modern Ferrari ownership.

## What you should pay

The 296 GTB is a very new model, so prices remain high. While it has taken an initial depreciation hit from its new price of around £240,000+, it's still a highly desirable and exclusive car. Expect prices to hover around the £200,000-£220,000 mark for a well-maintained 2023 model with low mileage. The market for such cars is less volatile than mainstream vehicles, but demand for the latest Ferrari models keeps values strong.

## Which trim to buy

The 'GTB Standard' trim is the ideal choice for most buyers looking for the best value. While the Assetto Fiorano package offers more extreme, track-focused enhancements like lightweight components and stiffer suspension, it comes at a significant premium and is primarily for those who intend to regularly track the car. The standard GTB still delivers phenomenal performance, luxury, and road usability, making it the more sensible and enjoyable option for everyday (or weekend) supercar ownership without the added cost and uncompromising nature of the Assetto Fiorano.

## What to check before you buy

- Complex hybrid system: Ensure all components (battery, electric motor) are functioning correctly and have been serviced by a Ferrari specialist.
- Software glitches: Early models of new, technologically advanced cars can sometimes have minor software bugs. Check for any outstanding recalls or software updates.
- Brake wear: Carbon ceramic brakes are standard and incredibly effective, but replacement costs are extremely high.
- Tyre wear: High-performance tyres will wear quickly, especially with enthusiastic driving.
- General supercar maintenance: Expect very high servicing costs, even for routine maintenance, and specialist labour rates.

## Running costs

Running a Ferrari 296 GTB is, as expected, very expensive. Fuel costs will be high, even with the hybrid system, as you'll be using premium unleaded and likely enjoying the performance. Expect a pence-per-mile cost of around 40-60p for fuel during spirited driving. Road tax (VED) will be £585 per year (£195 standard rate + £390 premium rate for cars over £40k new, for 5 years after the first year). Insurance will be extremely high, likely in the tens of thousands of pounds annually, depending on your age, driving history, and location. Servicing is specialist and costly, with annual services easily running into thousands of pounds. Factor in high-performance tyre replacements and potential carbon ceramic brake costs.

## Key stats

- **Fuel Type**: Plug-in Hybrid
- **Horsepower**: 819 hp (combined)
- **Mpg**: Official combined figures are very high due to electric range, but expect single-digit MPG when the petrol engine is working hard.
- **Reliability Score**: N/A - Supercars are not typically rated by consumer reliability surveys. Ferrari offers a comprehensive warranty and maintenance program.
- **Safety Rating**: Not tested by Euro NCAP. Supercars are rarely subjected to these tests.

## Trim comparison

| Trim | Price new | Price used | Key features |
| --- | --- | --- | --- |
| GTB Standard | £241,560 | £210,000 | 819hp Plug-in Hybrid powertrain; 8-speed dual-clutch transmission; Carbon ceramic brakes |
| GTB Assetto Fiorano | £270,000 | £235,000 | All GTB Standard features; Multimatic adjustable shock absorbers; Lightweight carbon fibre components (door panels, dashboard) |
| GTB Tailored Options | £260,000 | £220,000 | All GTB Standard features; Specific exterior paint options; Custom interior stitching and materials |

## Depreciation forecast

| Year | Estimated value | Retention |
| --- | --- | --- |
| 2026 | £210,000 | 100% |
| 2027 | £195,000 | 93% |
| 2028 | £185,000 | 88% |
| 2029 | £178,000 | 85% |
| 2030 | £170,000 | 81% |

For a supercar like the 296 GTB, the sweet spot for buying used is typically after the initial steep depreciation (which happens in the first 2-3 years) but before it becomes old enough to require significant, potentially costly, out-of-warranty maintenance or major component replacements. Buying a 2-3 year old model (like a 2023 model in 2026) allows you to benefit from the first owner taking the biggest hit, while still having a relatively new car with potentially some manufacturer warranty remaining or the option to extend it.

Total value lost since new: 19%.

## Alternatives to consider

- [McLaren Artura](https://autoscout.fyi/cars/mclaren-artura.md)
- Lamborghini Huracan Tecnica
- Porsche 911 Turbo S

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Source: AutoScout (https://autoscout.fyi). Part of a review of the UK used-car market across 500+ models.