Used 2016 Ferrari 488 Spider Convertible 2D
Pricing
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Values and Prices
Fair Purchase Price is determined by collecting thousands of actual consumer vehicle purchase prices, plus data from national vehicle registration databases and several other reliable third-party sources.
Estimated Values
Condition | Trade-In Value | Private Party Value | ||
|---|---|---|---|---|
Excellent | - | $246,000 | ||
Very Good | - | $242,000 | ||
Good | - | $237,000 | ||
Fair | - | $225,000 |
Estimated Private Party Values range from about $225,000 to $246,000 depending on vehicle condition. Valid for ZIP Code 34293 through 9/26/2026.
2016 Ferrari 488 Spider Convertible 2D Depreciation
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2016 Ferrari 488 Spider Convertible 2D Annual Depreciation
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
|---|---|---|---|---|---|
2023 | - | - | - | ||
2024 | - | - | - | ||
2025 | - | - | - | ||
Now | - | $238,000 | - |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
2016 Ferrari 488 Spider Convertible 2D Depreciation
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Specifications
Dimensions, Weights & Capacities
Curb Weight | 3362 lbs. | ||
|---|---|---|---|
Fuel Capacity | 22.7 gallons | ||
Max Seating Capacity | 2 | ||
Overall Length | 179.8 inches | ||
Trunk or Cargo Capacity | 8.1 cu.ft. | ||
Wheel Base | 104.3 inches | ||
Width with mirrors | 76.9 inches |
Exterior
Adaptive Headlights | Available | ||
|---|---|---|---|
Alloy Wheels | Available | ||
Number of Doors | 2 doors | ||
Power Retractable Top | Available | ||
Rear Spoiler | Available |
Fuel Economy
City | 13 mpg | ||
|---|---|---|---|
Highway | 21 mpg | ||
Combined | 16 mpg |
Mechanical
Drivetrain | RWD | ||
|---|---|---|---|
Transmission Type | Automatic | ||
7 speed | Available | ||
Recommended Fuel | Premium |
Performance
Horsepower | 661 @ 8000 RPM | ||
|---|---|---|---|
Torque | 561 @ 6750 rpm | ||
Engine | V8, Turbo, 3.9 Liter | ||
0 to 60 | 3.0 seconds | ||
Top Speed | 203 mph |
Warranty
Basic | 3 years / Unlimited miles | ||
|---|---|---|---|
Powertrain | 3 years / Unlimited miles | ||
Corrosion | 3 years / Unlimited miles |
2016 Ferrari 488 Spider Convertible 2D Standard Features
2016 Ferrari 488 Spider
KBB.com Review
In addition to being an incredibly fast eyeball magnet the Ferrari 488 GTB is also one of the automotive world’s clearest expressions of success. Grounded in a rich Italian heritage of speed and exclusivity the reasons for buying a Ferrari are obvious.
Buying a supercar is wish-fulfillment of the highest order, making this the rare vehicle category where pragmatism and reason take a proverbial back seat. With that in mind, if you’ve always wished for a Lamborghini or a McLaren, you should probably buy one of those instead.
2016 Ferrari 488 Spider
KBB.com Consumer Reviews
Consumer Rating
2016 Ferrari 488 Spider Convertible 2D Safety
Safety Features & Technology
Compare to Similar Vehicles
Used 2016 Ferrari 488 Spider Convertible 2D |  Used 2026 Mercedes-Benz Mercedes-Maybach SL |  Used 2024 Mercedes-Benz Mercedes-AMG SL |  New 2025 Porsche 911 | ||
|---|---|---|---|---|---|
| Price | $244,000 | $228,000 | $245,000 | $246,495 | |
| KBB.com Rating | N/A | N/A | 4.4 | 4.7 | |
| Consumer Rating | 5.0 | N/A | N/A | 4.3 | |
| Fuel Economy | City 13/Hwy 21/Comb 16 MPG | City 13/Hwy 20/Comb 16 MPG | City 14/Hwy 21/Comb 16 MPG | City 14/Hwy 20/Comb 16 MPG | |
| Fuel Type | Gas | Gas | Gas | Gas | |
5 Year Cost To Own 5-Year Cost to Own includes out of pocket expenses like fuel and insurance, plus the car’s loss in value over time (depreciation). | N/A | N/A | N/A | $309,514 | |
| Seating Capacity | 2 | N/A | 4 | 4 | |
| Basic Warranty | 3 years | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | |
| Horsepower | 661 @ 8000 RPM | 577 @ 5500 RPM | 577 @ 5500 RPM | 640 HP | |
| Engine | V8, Turbo, 3.9 Liter | V8, Twin Turbo, 4.0 Liter | V8, Twin Turbo, 4.0 Liter | 6-Cyl, Twin Turbo, 3.7 Liter | |
| Drivetrain | RWD | AWD | AWD | AWD |