Can you buy a Ferrari on finance?
Bespoke financial solutions – Whatever your purchase, Ferrari Financial Services will consider bespoke funding solutions tailored to your specific need. Flexible lines of credit, equity release from your classic car collection, funding your race cars as well as your road cars. Both Lease and Retail finance programs are available. Operating throughout the authorized network of Ferrari dealers, Ferrari Financial Services can offer a range of financial solutions to complement and enhance the buying experience, including leasing and retail finance programs tailor made to your needs.
How much does leasing a Ferrari cost?
General leasing estimates a ferrari lease costs typically between $2000 to $3000 per monthly. Model, year and condition are only a few variables that can affect the cost. Your credit score and financial status will also influence your lease rates. Fortunately, despite the fact that ferraris are rare and relatively pricey vehicles, regular car maintenance doesn’t have to be a financial burden. An oil change generally costs around $195 for all late-model ferraris.The average cost to insure a Ferrari is $650 per month, adding up to approximately $7,800 per year. However, your insurance premium will vary based on factors such as your age, location, driving history, and the specific Ferrari model you own.The cost of Ferrari maintenance varies depending on your vehicle’s model and model year. The average yearly cost for Ferrari maintenance typically falls between $1,500 and $2,000.General Leasing Estimates A Ferrari lease costs typically between $2000 to $3000 per monthly.
Is it better to lease or buy a Ferrari?
Costs. Leasing is more affordable than buying a new Ferrari. Not only do you not have to pay sales tax, but with a Ferrari lease, you’re only paying for the part of the car you use — that is, the duration of the lease and the mileage allotment. Ferrari Hire Purchase A traditional hire purchase contract allows you to pay for your Ferrari in monthly instalments with the option to buy the vehicle outright at the end of the agreement.
Is owning a Ferrari a good investment?
As compared to other exotic car brands, Ferraris tend to hold their value well. Studies have shown that many Ferrari models depreciate at a slower rate than other exotic cars of the same caliber. While some depreciation is expected in the first decade, most models stop depreciating after about 10 years. Ferrari depreciation can vary greatly from model to model. While Ferrari models typically depreciate between 20% and 30% in the first year, not all do. The Ferrari Roma only depreciated around 1.