For Sale 98' 355 GTS F1 (20,084 miles) For Sale by Owner

While this isn't an endorsement of financing or the financing company... I am in the business...

Just so everyone knows... The average new car interest rate is a shade over 9% according to industry data. New car rates are always less than pre-owned. (please understand that many manufacturers subvent interest rates and buy down the rare to make it 4.9 etc... But that's in lieu of rebate. Also this is just from an industry report of actual transactions... Of course with various levels credit worthyness...)

 

Owner finance and I’ll buy this tomorrow with collateral as ownership in my business

 

After spending $32k in three years on upkeep, I'd be done too. GLWS.

 

Im surprised that a finance company would even take a deal for a car thats 26 years old . So in that respect I think it is pretty cool that someone can have the opportunity to own an older / classic Ferrari by way of financing it. I was able to finance my Ferrari when I bought it in 1999.

I got squeezed pretty badly on the rate. I did not have good credit, with that being said, I was young and I did not even care about the rate. I knew I could afford the payment so I went for it. The payment was what I was buying, not the rate . At that stage, I could not even afford insurance for it.

I drove it for 4.5 years with no insurance, and I got away with it. The bank never found out and so I did not have to pay what it would have cost them to insure it to protect themselves. Once I paid it off, I was able to put insurance on it. I had a great paying sales career in the heavy equipment / machinery industry.

My 328 has been fully insured ever since.By the way, I drove it like an animal. My expert driving skills kept it and I out of trouble. since you folks were already going to mention it , I went ahead and said it for you ! lol

Big G

 

Stupid, even if a joke.

 

Price?


Sent from my iPhone using FerrariChat

 

Asking $125. Feel free to email at [email protected].