Anyone finance a used Ferrari? | Page 2 | FerrariChat

Anyone finance a used Ferrari?

Discussion in 'Ferrari Discussion (not model specific)' started by gobble, Nov 9, 2018.

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  1. Natkingcolebasket69

    Natkingcolebasket69 F1 World Champ

    Jul 2, 2017
    10,079
    Miami and Bay Area
    #26 Natkingcolebasket69, Nov 15, 2018
    High downpayment; amazing credit


    Sent from my iPhone using Tapatalk
     
  2. WJGESQ

    WJGESQ Formula 3

    Dec 30, 2004
    1,477
    #27 WJGESQ, Nov 15, 2018

    I think you'd have to really cover your ass--big down payment-promissory note--and so forth. Even then, misuse of the car and a big repair bill could ruin the risk.
     
    ernie likes this.
  3. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    16,084
    Menlo Park, CA
    Full Name:
    Paul Chua
    #28 paulchua, Nov 19, 2018
    Did it at 0.9% via pen fed 6 years ago. No brainer back then, especially on a fully depreciated asset.

    Documented and showed My total coat of ownership was less then a brand new Toyota.
     
    Jakuzzi and Natkingcolebasket69 like this.
  4. ernie

    ernie Two Time F1 World Champ
    Lifetime Rossa Owner

    Nov 19, 2001
    22,575
    The Brickyard
    Full Name:
    The Bad Guy
    #29 ernie, Nov 19, 2018
    Spot on.
     
  5. ernie

    ernie Two Time F1 World Champ
    Lifetime Rossa Owner

    Nov 19, 2001
    22,575
    The Brickyard
    Full Name:
    The Bad Guy
    #30 ernie, Nov 19, 2018
    Either he wires the full amount to the cent or I’m waiting for the next buyer.
     
  6. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    16,084
    Menlo Park, CA
    Full Name:
    Paul Chua
    #31 paulchua, Nov 20, 2018
    yes, I agree never stretch to buy a toy, just my personal view as well. Sounds like the question is for the buyer though and not the op.
     
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