Ferrari 575M F1 2004
REQUEST A FAST QUOTEOn The Road cash price
£95,000.00
Cash deposit
£0.00
Total amount of credit
£95,000.00
Term of agreement
49 months
Monthly payment
£1,497.47
Arrangement fee
£295.00
Option to purchase fee
£250.00
Interest charges
£30,878.56
Total charge for credit
£31,423.56
Fixed rate of interest
10.00%
Representative APR
10.7%
Balloon Payment
£54,000.00
PURCHASE PRICE:
DATE OF PURCHASE:
TYPE OF FINANCE:
Occupation:
Location:
£95,000
03/03/2017
Equity Release
Creative Director
Essex
Being Petrolheads we’re used to the adrenalin-rush that’s associated with super cars. We had to put our foot well and truly down on this particular finance solution. A customer who we originally helped 2 years ago, knew that his Ferrari was an appreciating asset. He tasked us with releasing some equity against the car so that he could finance a personal project which needed to happen sooner rather than later. The team arranged for the existing car finance agreement to be repaid, and after a favourable evaluation we were able to arrange a sum of £50,000 against the car with another Lender.
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