Ferrari F430 2006
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£85,000.00
08/03/2021
Regulated Hire Purchase
Investor
Hampshire
Many Fast Car Finance clients are referred to us via classic car dealerships, but on occasion, we are asked to provide classic car financing for privately owned vehicles, sales where no dealership is involved in the supply chain .
A long-established client returned to us recently having sourced a 2006 Ferrari F430 Coupe. Fast Car Finance can secure Ferrari finance for older models as we have access to a specialist panel of lenders. However, with private or vendor sales, we also have to undertake an additional level of due diligence to ensure the provenance of the car as well as good title being able to be passed.
Having used Fast Car Finance to secure classic car finance for three other cars, our client knew we would conduct a thorough inspection of the vehicle and undertake an asset inspection.
Our client had set us a “target payment” or budget of £850 per month for his repayments so he was delighted when we came back with an approval and monthly repayments of just £785 a month, assisted by a final balloon of £40,000 at the end of the four year term.
Purchasing a classic car through a private sale is more complicated than using a dealership, but it is possible. However, it is worth working with an expert classic car finance broker so that you aren’t exposed to any potential fraud and end up making an expensive mistake.
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