Ferrari 355 GTS F1 1998
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£70,000
03/11/2016
Conditional Sale Agreement
Landlord
Middlesex
This is an interesting story! Our customer originally went to see a car at an Independent Ferrari Specialist who we know well. Subsequently the same customer found a car he liked even more at a Salvage Auction. There was no way anyone could have arranged finance for a car with such provenance – ie an insurance write-off, but this gentleman had fallen in love with the car and desperately wanted to buy it. So we came up with a plan whereby we were able to arrange an equity release to the value of £60,000 against another Ferrari he already had in his collection. With the cash in his bank after a Specialist Lender had valued the said car, he was able to buy the 612 from the salvage yard as a cash buyer.
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