The Best Year to Buy a Used Ferrari Portofino: Launch Cars, the Portofino M Update, and Where Values Settle After the Roma Spider

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pproximately 80 examples of the original Ferrari Portofino were listed for sale by dealers on October 5, 2026, and 66 of them were 2019 cars, according to VinAssessment's listing data. That concentration in a single model year shapes almost every pricing conversation about the car.

The Portofino is the entry point to open-top Ferrari ownership, and it is also one of the more legible used markets in the marque's catalog. There are two distinct versions, five US model years, and a successor that has now been on sale long enough to press on values.

Our concierge desk works through exactly this comparison with readers weighing a convertible Ferrari against a coupe. What follows is the model-year logic we apply, with every figure sourced or marked as estimated.

How The Portofino Range Divides

The Portofino replaced the California T and reached US buyers for the 2019 model year. It was followed by the Portofino M, a substantial mid-cycle revision sold for 2022 and 2023 before the Roma Spider took its place.

The two versions differ in ways that matter on the road and at resale. The main distinctions, per Ferrari's published specifications, include:

• Portofino (2019–2021). A 3.9-liter twin-turbo V8 rated at 591 hp, paired with a 7-speed dual-clutch gearbox. The Manettino offers three positions, which reflects the car's grand-tourer brief.
• Portofino M (2022–2023). Output rises to 612 hp and the gearbox becomes an 8-speed dual-clutch unit. The Manettino gains two positions, including a Race mode, and the bumpers are revised.
• Shared architecture. Both are 2+2 cars with a retractable hardtop, which Ferrari quotes at 14 seconds to open or close. That roof is the detail that separates them from the car that came next.

All of these differences add up to a clear split: the launch cars are the relaxed grand-tourers, and the M is the sharper car. Neither is the wrong answer, but they are priced as different propositions.

What The Launch Cars Cost Today

The 2019 cars set the floor of the market. VinAssessment put the typical 2019 asking price at $189,987 across 66 listings on October 5, 2026, with 2020 cars at $195,895 across 14 listings.

The gap between those two years is narrow, at approximately $6,000. That said, the supply picture is very different, and a buyer shopping 2019 cars has far more room to be selective about color, options, and service history.

The 2021 model year sits slightly higher. Kelley Blue Book lists the 2021 Portofino with an original base MSRP of $229,950 and a current Fair Purchase Price of $204,000.

On those figures, a 2021 car trades at an estimated 89% of its base MSRP. Keep in mind that this flatters the real retention, because few Portofinos left Maranello at base price.

Options on these cars routinely added tens of thousands of dollars to the window sticker, and most of that spend does not come back at resale. As a result, the true depreciation from as-delivered price is steeper than the base-MSRP comparison suggests, and we treat it as estimated until a specific car's original invoice is in hand.

What The Portofino M Commands

The M sits in a different bracket. TrueCar lists a starting price of $230,950 for the 2022 Portofino M, and Kelley Blue Book records a base MSRP of $246,103 for the 2023 car.

KBB's Fair Purchase Price for the 2023 Portofino M is $268,000, which is above its base MSRP. This is the options effect in reverse: the transaction prices reflect well-specified cars measured against an unoptioned starting figure.

Set the 2023 M beside a 2021 launch car and the spread is approximately $64,000 on KBB's numbers. For that premium, the buyer receives the 8-speed gearbox, the added power, Race mode, and a car that is two years younger.

Whether that is good value depends on how the car will be used. For a buyer who wants an open-top Ferrari for weekends and long drives, the original car delivers most of the experience for considerably less capital.

Where The Roma Spider Presses On Values

The Roma Spider replaced the Portofino M with the same 612 hp output and a fabric soft top in place of the folding hardtop. Published starting figures for the 2026 Roma Spider cluster between approximately $275,000 and $280,000, which we treat as estimated until confirmed with a dealer.

That pricing sits close to what a late Portofino M commands. Accordingly, the M is the version most exposed to its successor, because a buyer with that budget can cross-shop a newer design on the same showroom floor.

The launch cars are better insulated. At approximately $190,000 to $204,000, they occupy a bracket the Roma Spider does not reach, and they remain the only recent Ferrari convertibles with a hardtop.

For readers who are also considering the coupe, our Ferrari Roma buying guide covers the fixed-roof side of the same decision. The two markets move together more than their body styles suggest.

Maintenance Coverage And The Model-Year Clock

Price is only one part of the calculation. Ferrari's Genuine Maintenance program covers scheduled servicing for seven years from the original delivery date, and the coverage transfers to subsequent owners.

This is why the calendar matters as much as the odometer. A 2019 Portofino has generally reached or is nearing the end of that coverage, while a 2022 Portofino M is typically covered into 2029.

A buyer comparing a 2019 car with a 2021 car should therefore ask for the original in-service date, not just the model year. Two years of remaining scheduled maintenance has real value, and our guide to Ferrari service costs by model sets out what that work costs once it becomes the owner's responsibility.

Warranty is the other variable. Ferrari Approved certification brings its own coverage, and our overview of CPO exotic warranty programs explains how the factory-backed route compares with an independent sale.

What To Check Before You Commit

A Portofino is a comparatively straightforward Ferrari to buy used, yet the specification still drives the price. The items we look at first include but are not limited to:

• Original build sheet. The gap between base MSRP and as-delivered price is where retention is won or lost. A car with Magneride suspension, the passenger display, and Apple CarPlay is easier to resell than a sparsely optioned one.
• Roof operation. The retractable hardtop is the car's defining feature and its most complex mechanism. A pre-purchase inspection (PPI) at a Ferrari dealer should cycle it repeatedly and check the seals.
• Service history and books. Complete records from an authorized dealer, along with the books and tools, support the asking price. Gaps in the history are a negotiating point at minimum.
• Mileage profile. These are cars that owners tend to use, so moderate mileage with consistent servicing is preferable to a low-mileage car that has sat. The PPI should confirm which one you are looking at.

All of the above applies equally to the launch cars and the M. The difference is that the M's higher price leaves less margin for a specification that will be difficult to sell later.

For broader context on how this model compares with the marque's mid-engined cars, see our used Ferrari depreciation sweet spot analysis. Readers planning to finance the purchase may also want our guide to exotic car financing.

Editorial Recommendation

The Portofino market rewards a buyer who decides between the two versions first and shops model years second. Our recommendations, by priority, are as follows:

• Best value: 2021 Portofino. The final year of the original car, with a KBB Fair Purchase Price of $204,000 and time remaining on scheduled maintenance. Look for Magneride, the passenger display, and a full dealer service record.
• Lowest entry price: 2019 Portofino. The deepest supply and a typical asking price of $189,987 per VinAssessment. Budget for scheduled maintenance from the outset, and use the breadth of listings to hold out for the right specification.
• Driver's choice: 2022 Portofino M. The 8-speed gearbox and Race mode at a lower starting point than the 2023 car. Confirm the in-service date, since coverage typically extends into 2029.
• Approach with care: 2023 Portofino M at a premium. At KBB's $268,000 Fair Purchase Price, the car sits within reach of an estimated Roma Spider starting figure. It makes sense mainly for the buyer who specifically wants the hardtop.

Overall, the launch cars carry the stronger argument, and the 2021 model year is where price, age, and remaining coverage align. The M is the better car to drive, but it is also the one whose values the Roma Spider is most likely to shape from here.

For the full lineup, model histories, and related buying guides, visit our Ferrari brand hub.