Negotiating with a Ferrari Main dealer
Discussion
xcentric said:
/thread hijack/
Lombard only do business finance though, right? - or am I missing something?
/end hijack/
Not quite 100% correct..Lombard will finance all assets including super yachts, private jets, high end cars etc for private use..However you need to be a registered business to access their finance even if the car will be used only for private use..All payments has to come out of business accounts..Lombard only do business finance though, right? - or am I missing something?
/end hijack/
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 2 ferraris and a big 5 ltr rangey from redline... all 3 perfect cars.On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
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.
They have a few in stock. Which one are you looking at if you don't mind me asking?On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
Second question. How does it work if you are financing through your comapny but the asset is for private use only. Don't you hit some benefit in kind tax, which for something this expensive would be some tax bill.
achaddy said:
Second question. How does it work if you are financing through your comapny but the asset is for private use only. Don't you hit some benefit in kind tax, which for something this expensive would be some tax bill.
achaddy said:
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.
They have a few in stock. Which one are you looking at if you don't mind me asking?On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
Second question. How does it work if you are financing through your comapny but the asset is for private use only. Don't you hit some benefit in kind tax, which for something this expensive would be some tax bill.
Seems to be pretty well specced and looked after. I enquired about it yesterday and they promised to send the spec sheet through asap, I'm still waiting...
Also I'm not financing this through a company, Lombard are sorting it through our private banking.
Francois de La Rochefoucauld said:
https://redlinespecialistcars.co.uk/used-cars/ferr...
Seems to be pretty well specced and looked after. I enquired about it yesterday and they promised to send the spec sheet through asap, I'm still waiting...
Also I'm not financing this through a company, Lombard are sorting it through our private banking.
After looking at their website noticed that Redline have the best choice and best value 488s in the whole of the UK..They only retail the best cars which means any one of these 488s will be a safe bet..Depending on how risk adverse you are its worth factoring in how much a Ferrari main dealer warranty would cost..Seems to be pretty well specced and looked after. I enquired about it yesterday and they promised to send the spec sheet through asap, I'm still waiting...
Also I'm not financing this through a company, Lombard are sorting it through our private banking.
I particularly like the Grigio one however the Nero 16/16 one which is high spec has just been reduced to £149K looks great value unless you really want the Carbon seats
Superleg48 said:
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.
Fair enough but if you hold those views what are you doing here?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.
Bought from redline before , I’d say there better than the main dealers , car prepped and after sales are better On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
Francois de La Rochefoucauld said:
Thanks chaps, good to know about Redline! Drove a yellow one at Dick Lovett this morning, epic! Vetoed by my wife on grounds of taste...
Bet they were gutted you didn't buy it. They have had that one up for sale for ages. Really nice looking car and spec but guess the solid yellow isn't attractive at the price. Edited by Francois de La Rochefoucauld on Tuesday 7th July 15:48
What was the format of the test drive. Did the salesman go out with you in the car?
achaddy said:
Francois de La Rochefoucauld said:
Thanks chaps, good to know about Redline! Drove a yellow one at Dick Lovett this morning, epic! Vetoed by my wife on grounds of taste...
Bet they were gutted you didn't buy it. They have had that one up for sale for ages. Really nice looking car and spec but guess the solid yellow isn't attractive at the price. Edited by Francois de La Rochefoucauld on Tuesday 7th July 15:48
What was the format of the test drive. Did the salesman go out with you in the car?
The dealership had one staff member who had already had CV confirmed by a test to go out with him. He wasn't a sales person, just some random bloke who worked there.
Apologies for resurrecting this thread, but just been to see a 488, got sent the following finance quote
Period of hire - 37 months
Cash price including VAT £169,660
Cash deposit £60,000
Balance of cash price/amount of credit £109,660
Charges £28,947.96
Balance £138,607.96
Total amount payable £198,617.96
APR 8.9%
Monthly rentals £804.11
Final payment £109,670
Having read the above thread it looks to me that the APR should be nearer 5 or 6%?
Does this look like a good deal or do I need to start negotiating hard?
Cheers
Period of hire - 37 months
Cash price including VAT £169,660
Cash deposit £60,000
Balance of cash price/amount of credit £109,660
Charges £28,947.96
Balance £138,607.96
Total amount payable £198,617.96
APR 8.9%
Monthly rentals £804.11
Final payment £109,670
Having read the above thread it looks to me that the APR should be nearer 5 or 6%?
Does this look like a good deal or do I need to start negotiating hard?
Cheers
Coxey said:
Apologies for resurrecting this thread, but just been to see a 488, got sent the following finance quote
Period of hire - 37 months
Cash price including VAT £169,660
Cash deposit £60,000
Balance of cash price/amount of credit £109,660
Charges £28,947.96
Balance £138,607.96
Total amount payable £198,617.96
APR 8.9%
Monthly rentals £804.11
Final payment £109,670
Having read the above thread it looks to me that the APR should be nearer 5 or 6%?
Does this look like a good deal or do I need to start negotiating hard?
Cheers
Assuming you have some property equity, you can mortgage owner occupier residential at <2%. Period of hire - 37 months
Cash price including VAT £169,660
Cash deposit £60,000
Balance of cash price/amount of credit £109,660
Charges £28,947.96
Balance £138,607.96
Total amount payable £198,617.96
APR 8.9%
Monthly rentals £804.11
Final payment £109,670
Having read the above thread it looks to me that the APR should be nearer 5 or 6%?
Does this look like a good deal or do I need to start negotiating hard?
Cheers
Coxey said:
Apologies for resurrecting this thread, but just been to see a 488, got sent the following finance quote
Period of hire - 37 months
Cash price including VAT £169,660
Cash deposit £60,000
Balance of cash price/amount of credit £109,660
Charges £28,947.96
Balance £138,607.96
Total amount payable £198,617.96
APR 8.9%
Monthly rentals £804.11
Final payment £109,670
Having read the above thread it looks to me that the APR should be nearer 5 or 6%?
Does this look like a good deal or do I need to start negotiating hard?
Cheers
Looks very high. Seen figures of 5/6% mentioned on here before.Period of hire - 37 months
Cash price including VAT £169,660
Cash deposit £60,000
Balance of cash price/amount of credit £109,660
Charges £28,947.96
Balance £138,607.96
Total amount payable £198,617.96
APR 8.9%
Monthly rentals £804.11
Final payment £109,670
Having read the above thread it looks to me that the APR should be nearer 5 or 6%?
Does this look like a good deal or do I need to start negotiating hard?
Cheers
Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff