Hello All! Looking for some input from business savvies!! I am planning to borrow money from a bank for a used Ferrari. The bank offered me a good APR with 84 month loan. During my conversation with the dealership where the car is located, I was told by them that the Ferrari fiancial will meet the APR with 72 month duration loan. In addition if I go with the Ferrari Finance, my debt will not be reported as well as I will have a good relationship with them for future "new cars". How do you all this pitch? Should I pick one over the other? If so please give your opinion on this. Thanks in advance.
Take the dealer financing. Gives you leverage if something goes wrong with the car. "Hey Ferrari!! My car is broken, the dealer won't fix it, you take it back because that payment you got last month? you're not getting any more!" Can't do that with bank financing, now can you? D
