Ferrari Financial

Doing my preliminary research for either a 458 or 488. Does anyone know what terms/rates Ferrari Financial offers? How do they compare with other lenders such as Lightstream (which I've seen mentioned a few times).

Marcello

 

Your local Ferrari dealer will be happy to help you with this question. What's so hard about that?

 

I believe they are about 1% higher than the best rates I've seen due to looser underwriting then others. I don't know about Lightstream. I would expect in current market conditions to be about 5.5% for 100K +

Interest rates are definitely going up, I think the good old days of 0% or 0.9% rates are over.

Hope this helps you my friend.

 

Ferrari Financial is at least 1% over the banks. BofA did my loan about 6 weeks ago at 3.08% for a preowned car (2.49% would be my new car rate) and Ferrari was 4.45%. They also did a hard inquiry despite assuring me they would not for the preliminary paperwork. That irritated me.

 

Thanks, that's what I'm seeing too...

 

I'm finding that my credit union is still the most competitive with rates below 2.75%. They do have a 150K cap however so it comes down to how much you need to borrow.

Marcello

 

The 5.5 quote I used was 72 months (used car), the lowest I've seen is ~2.5 so ff would be around 3.5 w/ FF at 36 months. (Using Penfed)

Cheers