FERRARI FINANCE DEALS & RATES

At Fast Car Finance, we pride ourselves on tailoring financial solutions that work best for our clients’ needs. Recently, we assisted an existing client who owned a stunning 2008 Ferrari F430 Spider, currently on finance via a Lease Purchase Agreement. The client approached us with two key goals:

1. Make a lump sum repayment of approximately £14,600 as allowed under the terms of the original finance agreement.
2. Explore better terms for the remaining balance due to a reduction in interest rates since the agreement was first established.

The Challenge

The client was keen to reduce the cost of borrowing while maintaining manageable monthly payments. Although the original agreement allowed for a lump sum repayment, restructuring the terms required careful consideration to ensure it was the best option for the client.

Our Solution

After reviewing the client’s needs and the current market rates, we proposed a new Ferrari finance agreement with the following features:

• Lower Interest Rate: By negotiating a new agreement, we were able to secure an interest rate reduction.
• Extended Term: The new agreement was structured over a new five-year term, providing more attractive monthly payments.
• Balloon Payment Option: To maintain flexibility, the agreement included a final balloon payment. The balloon payment is a lump sum of the loan capital deferred until the end of the loan term, this provides a lower monthly payment over the term.

The Result

The client was thrilled with the outcome. Not only did the new agreement allow them to make the desired lump sum repayment, but it also provided better terms and reduced their financial burden over the remaining term. The lower interest rate and extended term aligned perfectly with their financial goals, ensuring they could continue to enjoy their Ferrari F430 Spider with peace of mind.

At Fast Car Finance, we understand that your financial journey is as unique as your vehicle. Whether you’re seeking to restructure an existing agreement, reduce your costs, or explore new options, we’re here to help.

If you have a finance agreement that could benefit from a review or you’re looking for tailored advice, get in touch with us today.

The Fast Car Finance team recently had the pleasure of assisting a returning London-based “City professional” who was looking to arrange sports car finance for a Ferrari Portofino. Priced at a very attractive £125,000 and having previously worked with us, our client knew he could trust us to deliver a quick quotation and subsequent car finance approval.

Already the proud owner of a Ferrari California, one convertible was making way for a newer iteration of the prancing horse. With a cash deposit and an enviable part exchange, the customer required just £29,000 to make up the shortfall. A simple transaction incorporating used Ferrari finance and one that we were able to organise with the minimum of fuss, such was the customers credit rating, coupled with a very modest balance to finance.

Some facts about the Ferrari Portofino.

Production run: 2017 – 2023

Class: Grand tourer

Style: 2+2 retractable hardtop convertible

Engine: 3.9 litre twin turbo V8

Transmission: 7 speed, dual clutch

Speed: 0 – 62 mph in 3.5 seconds

If you’re looking to finance your dream sports car, whether it’s a Ferrari, Lamborghini a Porsche or any other luxury motor car, Fast Car Finance is here to help you drive away in style. We can provide a tailormade car finance solution, that fits your needs and gets you behind the wheel of your dream car faster than you ever thought possible.

Contact us today on 01635 785400 to arrange luxury car Hire Purchase or prestige car Lease Purchase. Finance arranged from £25,000 upwards.

The team at Fast Car Finance were introduced to this particular client by an independent Ferrari dealership, who we have worked with for a number of years.

We knew the dealership would be on hand to answer any technical questions about the car, while we arranged the finance. With the sunny weather arriving, it seemed the perfect time to be looking at purchasing a used Ferrari F430 Spider. With a 4.3 litre V8 engine and a top speed of over 190 mph, what’s not to like!

With the client being a business owner he had previously funded a car via his limited company. However, for this weekend car funding was arranged in his personal name. Financing a car in your personal name is generally via a ‘Regulated’ finance agreement and on most occasions you have the protection of the Consumer Credit Act. This gives you a number of benefits over a non-regulated agreement, including the ability to settle early without penalty.

This can be extremely useful if circumstances change, you decide to sell the car or swap it for another.

To keep within the client’s monthly budget, we arranged a regulated Hire Purchase loan over 60 months with a final balloon payment. By deferring part of the capital to the end of the agreement, it has the effect of reducing the monthly payment. Having met the client face to face to sign the payment, payment was swiftly made to the dealer with the client being able to collect the car and enjoy the benefits of having the top down.

Fast Car Finance have many years experience when it comes to arranging finance for convertibles, contact us today to discuss how we can help you drive your dream!

Fast Car Finance are the only people you need speak to when you need to arrange used Ferrari Finance. Don’t take our word for it, one our customers has just taken delivery of a beautiful example of a Ferrari F430 Spider and in his own words “You are the only guys I will work with! Steller service as always!”

Having previously financed a Ferrari, a Lamborghini and a McLaren with us, this loyal and longstanding customer is a petrolhead who knows where to turn when he needs to organise car hire purchase. Having spent some time locating the right car and with a deposit paid to secure it, he contacted us to arrange a suitable used car finance loan.

The customer’s preferred funding method was to put down a large deposit, with the balance financed on a lease purchase facility, this despite the car being nearly eighteen years old. This enabled us to structure the finance over a three-year term with ”interest only” repayments. The flexibility of this type of arrangement is that the customer can make additional lump sum deposits into their car loan at any time, thus reducing the future interest payable. A great way to make savings, particularly if like this busy self-employed individual your income is variable from month to month.

Our support here included a physical inspection of the car in the supplying dealers showroom, something that the finance company insisted was undertaken as part of their offer. Having completed this on the Wednesday morning, we were able to get everything completed just in time for a weekend collection.

If you are considering a car purchase and want to discuss the prestige car finance options available to you, please get in touch with us today.

Drive your dream, call us on 01635 785400