Negotiating with a Ferrari Main dealer

[Stickyone]

anonymous said:

[redacted]

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 😂

[Stickyone]

DC355 said:

I'd give Ferrari finance a miss. They are expensive. You can pay half the rate elsewhere. I suggest you contact https://www.elev8finance.co.uk/ who Romans International use. I've used them a few times. Rate typically 3-3.5%. They are used to dealing with high end car HP.

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.