couple questions ( insurance / loans ) high end..

There are several threads on both of your questions. You can do a search for them. You may have to subscribe to see some of them.

 

agree, there are plenty of threads - and debates - on financing and insurance.

For Ferraris in the US, seems Ferrari Financial Services, Putnam and Woodside are the most prevalent for finance/leasing. At this level ($1M+) there are also likely even more done via private banks (eg. UBS) as securities-backed loans. Most "financing" at this level is driven by capital liquidity or tax reasons IMHO.

I know you CAN do a retail finance and/or lease a LaFerrari, just be ready for the interest rate shock...

In the US, 50%+ of new Ferraris are now financed or leased, and FFS has about 80%+ market share. (their FF and Cali lease programs are hard to beat). Source: FFS NA

Insurance...bigger debate. We use AIG PCG, they are boutique and among the very best, perhaps not for everyone. Whatever you do, read the policy closely as most "typical" auto policies don't cater to the unique elements of high-end car ownership.

 

Interesting.. so 50% of the new Ferrari's on the road are owned by the bank!

 

for Ferrari Financial Services, you'd need to contact them within your region and if you're a new client, they will prefer you to work with/via a dealer in most if not all cases. Existing clients can work directly with FFS (eg, if you're buying a 330GTC at auction) but if via a dealer, the dealer is the conduit.

Also, being a bit of a boutique, I do not think they have "standard" offerings other than the handful of promoted closed-end lease programs on Cali T and FF they ran in the past year

 

Cant help on the financing question. But with insurance, you want an agreed amount policy. Chubb, Haggarty etc. Start with those.

 

Insurance will depend on your state. I'm with state farm but geico and allstate will not insure Ferrari, at least those over 100K.

I contacted haggarty once and they didn't want to insure me. They concentrate on collectible cars that are never driven. This was a few years ago.

 

My GF was going to finance through Ferrari financial until that deal fell through. I think the rate was around 4%.

 

Insurance (especially in the vintage realm) is a minefield. My best advice is to read your policy very cafefully. There are often things you would expect to be covered for that your aren't.