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How to finance a Ferrari
With prices topping half a million dollars, you won't be able to take out a traditional car loan.
Ferrari has been crafting luxury sports cars since 1940. If you’re looking to add one to your collection, you can choose between financing from a luxury car loan provider or directly through an authorized dealership.
How can I finance a Ferrari?
Because of Ferrari’s high price tags, you’ll need a luxury car loan to purchsase one. While this limits the lenders you can turn to, you’ll find that interest rates tend to be lower than with traditional car loans because of the value of your vehicle. In addition, you can also browse personal loans secured by a savings account or investment portfolio. These also typically come with competitive rates, though your lender may have special requirements if you plan on using your funds to buy a Ferrari.
Beyond these two options, you also have the choice to buy or lease your car directly through Ferrari Financial Services. Ferrari will design the financing option to suit your individual needs. If you’re interested in obtaining financing through Ferrari Financial Services, you should contact your local authorized dealer directly to determine what options are available to you.
As with any type of loan, the rates and terms you qualify for will depend on your credit history and personal financial situation.
Compare car loan providers to finance a Ferrari
Representative example: Lorenzo buys a Ferrari
Lorenzo, a successful businessman living in B.C., wants to surprise his wife with a brand new Ferrari for her birthday. He visits a local dealership and sees a 2020 Ferrari Roma priced at $315,000.00. Lorenzo feels confident his wife will love driving around in the sleek sports car, so he makes a 20% deposit of $63,000.00 on the vehicle and applies for dealership financing to cover the rest.
Because of his strong credit history and good income, Lornzo is approved for a loan to cover the outstanding amount plus 25% GST/PST (expensive cars are taxed at a higher rate in BC). In addition to the cost of his loan, Lorenzo also pays approximately $50.00 to register the vehicle with the Insurance Corporation of British Columbia (ICBC) – this includes the cost of a license plate, insurance decal, vehicle permit and the registration fee.
Cost of new vehicle
Auto loan (term loan)
Interest rate (APR)
4.00% origination fee ($13,809.60) $0.00 application fee (waived by dealership)
$4,110 monthly or $1,897 biweekly
Total loan cost
$345,240.00 with monthly payments or $345,254.00 with biweekly payments
*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.
Does Ferrari offer special discounts or programs?
Ferrari doesn’t offer any special discounts, but it does have a Roadside Assistance program designed to give peace of mind to Ferrari car owners. It is available for the length of the warranty, including the extended warranty, with the purchase of a new Ferrari.
What will a new Ferrari cost me?
For Ferrari’s base models, you can expect to pay anywhere from $215,000 to over $600,000. How much you ultimately pay will depend on the features you add to your car and the destination fee, among other factors.
2020 Ferrari Portofino
Starting MSRP: $301,000
Combined L/100 km: 11.7
2020 Ferrari GTC4Lusso
Starting MSRP: $417,200
Combined L/100 km: 12.9
2020 Ferrari Roma
Starting MSRP: $315,000
Combined L/100 km: 11.2
2020 Ferrari F8 Tributo
Starting MSRP: $387,170
Combined L/100 km: 12.9
2020 Ferrari Monza SP1
Starting MSRP: N/A
Combined L/100 km: 16.1
2019 Ferrari 488 Pista
Starting MSRP: $462,000
Combined L/100 km: 12.4
2019 Ferrari 812 Superfast
Starting MSRP: $469,000
Combined L/100 km: 16.1
2019 Ferrari SF90 Stradale
Starting MSRP: $875,000
Combined L/100 km: 6.1
Does a new Ferrari come with a warranty?
Yes — all new Ferraris come standard with a 3-year, unlimited-mileage warranty as well as a 7-year free maintenance program that begins on the purchase date. You also have the option to purchase the 15-year extended warranty — known as the New Power15. Available for both new and preowned Ferraris, it covers your vehicle’s primary mechanical components.
Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.
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