Parkers overall rating: 4.8 out of 5 4.8

Miles per pound (mpp) Miles per pound (mpp)

Reliable fuel consumption data for comparison purposes is not available for this model.

Fuel economy

  • Like any car of its ilk, the 488 Spider isn’t an inexpensive car to run thanks to large wheels and brakes
  • Insurance is also likely to be expensive, though not unusually so for such an impressive performance car
  • Officially the 488 Spider will return 24.8mpg, though not if you drive it as Ferrari’s engineers intended

So, you have enough money to run a car like this? Then Ferrari 488 Spider running costs are likely to be fairly low-down your list of priorities. And if you drive it hard, just like Maranello’s engineers intended, chances are it’ll cost a fair bit in consumables – especially fuel and tyres.

That said, the Ferrari 488 Spider does come with some concessions to saving your wallet. Official fuel economy is pegged at 24.8mpg, which is just under one mpg better than the previous 458 Spider (remember it has far more power though).

At least the brake discs, made of carbon composite, should last the lifetime of the car, though this will decrease with hard use on track.

In the UK all cars will come with the firm’s HELE (High Emotion Low Emission) stop-start system and so Ferrari 488 Spider emissions are actually rather good – especially when you consider the power the 3.9-litre twin-turbocharged V8 petrol engine develops. In fact, the 488 Spider emits just 0.39g/km per horsepower, with a total figure of 260g/km.

That may only be 15g/km better than the naturally aspirated V8 found in its Ferrari 458 Spider predecessor, but it adds another 100bhp and 220Nm of torque to proceedings.

  • Mid-engined turbocharged 488 Spider showcases many years of development
  • Four-year warranty comes with all UK cars, and can be extended annually for up to 12 years from new
  • Genuine Maintenance servicing package (for seven years) ensures car is maintained properly by Ferrari technicians

The turbocharged engine may be new to this car, but it’s already seen use in the 488 GTB coupe and its turbocharged technology has been used in the California T for some years – and so we’d expect Ferrari 488 Spider reliability to be at least their equal. Certainly, the forced induction option is new to Ferrari, and it can’t afford to get it wrong. It will have spent years perfecting the drivetrain to ensure it’s as hardy and reliable as possible.

And of course, should there be any issues with the car, UK owners can relax safe in the knowledge that their 488 Spider is covered by a four-year official Ferrari warranty from new, and cover up to 12 years from first registration if you have the car maintained by their technicians and renew annually.

Ongoing running costs

Road tax (12 months) £520 - £630
See tax rates for all versions
Insurance group Not available
How much is it to insure?