Ferrari 612 F1 2004
REQUEST A FAST QUOTEOn The Road cash price
£79,000.00
Cash deposit
£34,000.00
Total amount of credit
£45,000.00
Term of agreement
31 months
Monthly payment
£1,023.58
Arrangement fee
£175.00
Option to purchase fee
£60.00
Interest charges
£5,707.40
Total charge for credit
£5,942.40
Fixed rate of interest
6.74%
Representative APR
7.26%
Balloon Payment
£20,000.00
PURCHASE PRICE:
DATE OF PURCHASE:
TYPE OF FINANCE:
Occupation:
Location:
£79,000
01/11/2016
Regulated Hire Purchase
Banker
East Sussex
A City professional referred to us by an Independent Ferrari Specialist Dealer was looking to replace a written-off Ferrari. The replacement car was elderly in Lending terms – 12 years old.The agreement was over 2 and half years with a balloon which is an unusual term length. The reason being was that he wanted us to create a bespoke agreement – so that his future bonus payment would coincide directly with his final residual (balloon) payment, meaning that the bonus would be used immediately to settle the finance on the car. He was delighted with the customised agreement terms at an attractive 7% APR.
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