Ferrari Financial servuces-best interest rate 5.99%?

Yeah It's pretty high but they don't report to credit bureau's. I went with Suntrust at 4.25% W/823 FICO.

 

Something tells me these rascals are in business to make money.

 

With excellent credit under 4% for 60 months should be no problem

 

Rates have definitely shot up recently. My wife’s car loan this weekend was almost 5% with 800-something rating. The 1.9% I got a couple years ago is long gone. Still, closer to 4% may be doable if you search - but make sure it’s true simple interest, not front-loaded like many credit unions seem to do.


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You know what, maybe it’s a Uk thing, but even though I’m in financial services myself, I have never ever bothered to check the interest rate applicable to any of the car finances I’ve had, and there have been lots and lots..... to me it’s a case of getting the best car that I want, and can I afford the monthly payment.... long as those two things are present, who cares! I have no problem with a company lending me money and making some profit

Then again, if I hadn’t worked through 50+ cars from 2003 to 2010, maybe I would be rich

Scratch that, I know I’d be rich, because I’d still own one or another special cars and be able to sell for massive products - MC12, Bugatti EB110SS, F40 etc. Makes me cry to think of the cars I let go for next to no profit if I’d just been prepared to wait a few years

 

A client of mine just got 60 Months at 1.9% via their credit union last week. That was an 830-ish score with solid auto history. Rates are crazy so credit unions are definitely the way to go.

 

https://www.lightstream.com

 

I'd be interested to know as well. My thinking is they have your buy rate at 4% and want to make the max legal 2% financial reserve. On a F12 that would equate to roughly $5,000 in profit for them.

 

Use FFS. Brownie points. Pay the load off in 7 months. Keep it for 6 or your dealer is dinged.

 

Dont use ffs if u care about building credit


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Call PenFed , stellar credit 1.49 for 36 months. I received an email last week. Best,Kirk.