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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.


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Side View Of 812-GTS

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

Name Product Min. Loan Amount Interest Rate Loan Term Min. Credit Score Requirements
Car Loans Canada
3.99% to 29.95%
12-84 months
3+ months employed, min. income of $2,000/month
Search thousands of vehicles online, including $0 down options, from dealers across the country and get matched with affordable financing options. Auto loans are also available to those with bad credit, consumer proposals and bankruptcies to help rebuild credit.
CarsFast Car Loans
4.90% to 29.90%
12 months - 8 years
Gross income of $1,800/month, 3+ months employed
Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs. Apply online to purchase a new or used vehicle and get the vehicle delivered to your door.
Loans Canada Car Loans
0% to 29.99%
3-96 months
Employed for at least 3 months, min. income of $1,800/month
Get access to financing from multiple lenders across Canada through a single application with Loans Canada. Bad credit, CERB and EI borrowers are considered.
Carloans411 Car Loans
1.90% to 19.99%
Up to 72 months
Employed for 3+ months, min. income of $1,600/month
Get connected with suitable lenders through CarLoans411. Finance your next car, van or truck with loans available in amounts from $500 to $50,000. Check eligibility for this loan through LoanConnect.
LoanConnect Car Loans
10.00% to 46.96%
6-60 months
No min. income requirement
Get access to 25+ lenders through LoanConnect's brokerage. Receive pre-approval in as fast as 60 seconds and get your funds in as little as 24 hours.
Auto Arriba Car Loans
8.99% to 29.50%
6-84 months
Currently employed for 3+ months
Auto Arriba offers car loans starting at $3,500 up to $100,000, with as little as a 30 minute loan turnaround time. On a limited number of approved loans, Auto Arriba is currently offering a rebate of the amount of your first scheduled payment 30 days after it has been processed up to a maximum of $500.
Fairstone Secured Personal Loan
19.99% to 23.99%
3-10 years
Have an established credit history and own your home
Fairstone offers secured personal loans up to $35,000.

Compare up to 4 providers

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 $315,000.00
Loan type Auto loan (term loan)
Loan amount $345,240
Interest rate (APR) 5.90%
Loan term 7 years
Additional fees 4.00% origination fee ($13,809.60)
$0.00 application fee (waived by dealership)
Payment (approx.) $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.


Ferrari portofino

2020 Ferrari Portofino

  • Starting MSRP: $301,000
  • Build: Coupe
  • Combined L/100 km: 11.7
Ferrari GTC4

2020 Ferrari GTC4Lusso

  • Starting MSRP: $417,200
  • Build: Coupe
  • Combined L/100 km: 12.9
Ferrari Roma

2020 Ferrari Roma

  • Starting MSRP: $315,000
  • Build: Coupe
  • Combined L/100 km: 11.2
Ferrari F8 Tributo

2020 Ferrari F8 Tributo

  • Starting MSRP: $387,170
  • Build: Coupe
  • Combined L/100 km: 12.9
Ferrari Monza SP1

2020 Ferrari Monza SP1

  • Starting MSRP: N/A
  • Build: Coupe
  • Combined L/100 km: 16.1
Ferrari 488 Pista

2019 Ferrari 488 Pista

  • Starting MSRP: $462,000
  • Build: Coupe
  • Combined L/100 km: 12.4
Ferrari 812 Superfast

2019 Ferrari 812 Superfast

  • Starting MSRP: $469,000
  • Build: Coupe
  • Combined L/100 km: 16.1
Ferrari Stradale

2019 Ferrari SF90 Stradale

  • Starting MSRP: $875,000
  • Build: Coupe
  • 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.

Is an extended car warranty necessary?

Bottom line

Ready to invest in a new Ferrari? Browse your luxury car loan options to find the best deal available to you.

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