Negotiating with a Ferrari Main dealer
Discussion
Stickyone said:
Time will tell, although I am happy with the deal. Proof of the pudding is when I knock on the door next year and say. ‘ please sir, can I have a 488GTb ??
Congrats on the new car. Looks wonderful and I am sure you are over the moon. 
Two issues:
1. You do realise that you cannot actually drive it. At all. If you do, it will be worth 10p and you will have lost all your money.
2. Out of principle, I will never deal with a brand that requires me to earn ownership points in order to qualify to be allowed to go on a waiting list for a particular new car. My money is as good as yours or the next person’s. If I want an F8, why do I have to jump through so many hoops to be considered for one? It’s not even a special limited edition. Brand snobbery of the most outrageous form. Elitist and distasteful.
Superleg48 said:
Stickyone said:
Time will tell, although I am happy with the deal. Proof of the pudding is when I knock on the door next year and say. ‘ please sir, can I have a 488GTb ??
Congrats on the new car. Looks wonderful and I am sure you are over the moon. Two issues:
1. You do realise that you cannot actually drive it. At all. If you do, it will be worth 10p and you will have lost all your money.
2. Out of principle, I will never deal with a brand that requires me to earn ownership points in order to qualify to be allowed to go on a waiting list for a particular new car. My money is as good as yours or the next person’s. If I want an F8, why do I have to jump through so many hoops to be considered for one? It’s not even a special limited edition. Brand snobbery of the most outrageous form. Elitist and distasteful.
Things have changed...
(tbh they were struggling to sell them at launch given I was offered one then too despite being made to feel like I was being done a favour for some spurious reason they concocted).
Francois de La Rochefoucauld said:
Following this discussion with interest.
I've just been offered 8.3% by FFS on a 2018 Portofino, seems high to me. I've contacted a couple of brokers to see if I can get a better deal and will report back.
They've just come back (FFS) with 6.8% over 3 years, better but I'll see what else is available. I've just been offered 8.3% by FFS on a 2018 Portofino, seems high to me. I've contacted a couple of brokers to see if I can get a better deal and will report back.
Francois de La Rochefoucauld said:
Francois de La Rochefoucauld said:
Following this discussion with interest.
I've just been offered 8.3% by FFS on a 2018 Portofino, seems high to me. I've contacted a couple of brokers to see if I can get a better deal and will report back.
They've just come back (FFS) with 6.8% over 3 years, better but I'll see what else is available. I've just been offered 8.3% by FFS on a 2018 Portofino, seems high to me. I've contacted a couple of brokers to see if I can get a better deal and will report back.
Francois de La Rochefoucauld said:
They've just come back (FFS) with 6.8% over 3 years, better but I'll see what else is available.
Trouble is brokers will offer lower balloons which drive the monthlies up compared to FFS. If you are happy with that great, but if not 6.8% APR is not so bad. I was offered 6.4% APR from FFS (via Leeds) but no other sweeteners. I decided to take up their offer of 6.8% APR and they paid for a years road tax.Stickyone said:
Really? I’ve never heard of Elev8 finance, I presume they use a panel of lenders similar to Oracle/JBR Capital and other brokers. I have never seen a quote below 5.9% APR from any of them, so would be surprised if this broker can do any better, unless if it’s for HNWI, not ‘run of the mill’ clients. (Like me). Maybe the typical figures you state (3-3.5%) is actually flat rate, so double it roughly to get the APR.
Ferrari finance are not any generally more expensive, in APR terms, that any other finance provider. The difference is the FFS is owned by Ferrari themselves.
They are owned by Romans/Paul Jaconelli. Strange as companies house shows the company as dormant.Ferrari finance are not any generally more expensive, in APR terms, that any other finance provider. The difference is the FFS is owned by Ferrari themselves.
Francois de La Rochefoucauld said:
Following the budget creep theme I've found a 488 I like the look of. However it's a very long way from home. What's the view on buying sight unseen?
Also it has the carbon racing seats, are these comfortable?
Usually they take a deposit but I grill the sales people with explicit questions so that the answers cannot be argued with should they be less than honest. Just make it clear you're travelling a long way and will expect them to pay travelling expenses if they're being less than honest. A reputable dealer should give you truthful, up front answers. I also arranged an independent inspection which as it comes, saved me from a long journey.Also it has the carbon racing seats, are these comfortable?
However if you have bottomless pockets ignore the above and buy
Seats I think are very much a try and see how you get on.
Francois de La Rochefoucauld said:
Disappointingly the 488 I'm keen on looks as though it's not in top notch condition. Does anyone have any experience of Redline cars? They have a couple of 488's I like the look of.
On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
I've bought a Ferrari from Redline without seeing it prior to purchase..Car was exceptional although don't expect the same standard of detailing as you would get from a Ferrari main dealer. Factor in a high end detail after Redline which you don't need after a Main dealer..On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
I estimate a Redline Ferrari needs to be up to £10K cheaper by the time you factor in detailing,paint correction and two year warranty.
I've used Lombard to finance cars who are brilliant and untouchable on rates..
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