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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.

Updated

F488

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 purchase 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:

  • Financing through Ferrari Financial Services. In addition to traditional car loans, Ferrari Financial Services offers an option with a balloon payment. This comes with a low monthly repayment, followed by one larger payment at the end of your loan term.
  • Leasing through Ferrari Financial Services. Ferrari leases range from a short 13 months to five years. There are multiple mileage options available, and you can pick from an open- or close-ended lease.

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

Data indicated here is updated regularly
Name Product Minimum credit score APR Loan term Requirements
Carvana
No minimum credit score
3.9% - 27.9%
1 to 6 years
18+ years old, annual income of $4,000+, no active bankruptcies
car.Loan.com Car Loans
300
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
Varies
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
500
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
LightStream Auto Loans
Good to excellent credit
Competitive
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
LendingTree
Good to excellent credit
Starting at 3.09%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
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Compare up to 4 providers

Does Ferrari offer special discounts or programs?

Ferrari doesn’t offer any special discounts, but it does have a Ferrari Collectors Program. This allows you to take out a loan or line of credit secured by the equity you own in a single Ferrari or a collection of Ferraris. Check out our review of Ferrari Financial Services or visit Ferrari’s website for more information on how to borrow.

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.

Cars

2019 Ferrari Portofino

  • Starting MSRP: $215,000
  • Build: Coupe
  • City/highway MPG: 16/22

2019 Ferrari GTC4Lusso

  • Starting MSRP: $301,000
  • Build: Coupe
  • City/highway MPG: 12/17

2019 Ferrari 488 Pista

  • Starting MSRP: $350,000
  • Build: Coupe
  • City/highway MPG: 15/20

2019 Ferrari 812 Superfast

  • Starting MSRP: $364,000
  • Build: Coupe
  • City/highway MPG: 12/16

2019 Ferrari SF90 Stradale

  • Starting MSRP: $600,000
  • Build: Coupe
  • City/highway MPG: Not available

Car insurance costs that come with driving a Ferrari

Does a new Ferrari come with a warranty?

Yes — all new Ferraris come standard with a three-year, unlimited-mileage warranty as well as a seven-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 Power15. Available for both new and preowned Ferraris, it covers your vehicle’s primary mechanical components.

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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