Ferrari Enzo - 02/12/2016 | Ferrari Finance Calculator UK
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01635 785 400

Ferrari Enzo 2004

REPRESENTATIVE EXAMPLE
On The Road cash price
£1,250,000.00
Cash deposit
£500,000.00
Total amount of credit
£750,000.00
Term of agreement
13 months
Monthly payment
£5,343.48
Arrangement fee
£200.00
Option to purchase fee
£100.00
Interest charges
£64,121.76
Total charge for credit
£64,421.76
Fixed rate of interest
7.92%
Representative APR
8.25%
Balloon Payment
£750,000.00
finance your ferrari with fast car finance

PURCHASE PRICE:

DATE OF PURCHASE:

TYPE OF FINANCE:

Occupation:

Location:

£1,250,000.00

02/12/2016

Hire Purchase

Property Developer

Surrey

12 months ago the owner of this Supercar came to us to ask for our help in raising funds for a new business project using this incredibly valuable asset. Fast Car Finance arranged an Equity Release agreement which was tailor-made specifically for him as an attractive interest-only agreement subject to a balloon payment at the end. A year on and acknowledging that his balloon repayment of  £750,000 was due imminently, he put a call into Fast Car Finance to discuss his ideas and therefore our possible solutions. To cut a long story short the net result of our conversation was that we were able to roll over the balloon payment for another 12 months, still with interest-only payment terms, which means that our customer can take his time to decide what to do with his beloved asset.

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