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F50 Lease (orig)

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by Teenferrarifan, Sep 8, 2004.

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  1. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
    3,111
    Media, PA
    Full Name:
    Erik
    #1 Teenferrarifan, Sep 8, 2004
    Does anyone have specific information on how the F50 lease was set up and what the terms and buyout was at the end? Does anyone know whether there was a mileage limit or how many owners ended up buying out at the end?
    Erik
     
  2. Schatten

    Schatten F1 World Champ
    Owner

    Apr 3, 2001
    11,238
    Austin, TX
    Full Name:
    Randy
    #2 Schatten, Sep 8, 2004
    according to this site:
    http://www.web-cars.com/f50/
    But to add to that, IIRC, you had to own 2 Fcars and one of them must have been purchased new. All of this was to prevent the instant-flip-gouging of the F50 due to the experiences that the market experienced when the F40 debuted. When the F40 was released into the market, the 395K pricetag soon soared up to 1.15 million. That was the most I remember coming across.
     
  3. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
    3,111
    Media, PA
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    Erik
    #3 Teenferrarifan, Sep 8, 2004
    Thanks! was there a mileage limit on this lease?
    Erik
     
  4. SupercarFreak

    SupercarFreak Formula Junior

    Feb 22, 2004
    417
    Kensington, MD
    Full Name:
    Alex S.
    #4 SupercarFreak, Sep 8, 2004
    i remember reading this in an old motor trend mag i believe, give me a second to find it
     
  5. SupercarFreak

    SupercarFreak Formula Junior

    Feb 22, 2004
    417
    Kensington, MD
    Full Name:
    Alex S.
    #5 SupercarFreak, Sep 8, 2004
    240,000 down
    $5,500 for 24 months
    at the end 150,000 will put your name on the title
    i do not think there's a limit on miles because this article says the owner put 1,500 on the car in 3 months...
     
  6. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
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    Full Name:
    Erik
    #6 Teenferrarifan, Sep 8, 2004
    thanks
    Erik
     
  7. of2worlds

    of2worlds F1 World Champ
    Silver Subscribed

    Apr 6, 2004
    18,040
    ON
    Full Name:
    CH
    #7 of2worlds, Sep 10, 2004
    As is often the case with Ferrari there are exceptions to every rule. The serial number 3 model F50 was purchased when new by an American with the assistance of the Factory. There may also have been others who also got around the 'you must lease the F50 first' rule.
    ch
     
  8. andrewtan86

    andrewtan86 Guest

    #8 andrewtan86, Oct 8, 2004
    is this lease ferrari has with "owners" applicable to all ferrari's or the limited edition ones like the f50/enzo/etc? came across the web-cars site mentioned above http://money.howstuffworks.com/enzo.htm/printable had some information too.

    interesting you note it's only leased to "responsible" people. first time i heard about this lease i thought it was a riduculous how you can't actaully own one. who actaully pays so much to borrow a car? and if it's for the purpose of preventing them from being trashed or abused how would you explain the behaviour of these so called "responsible" drivers which were "leased" f50's/enzo's/whatever (see: http://www.wreckedexotics.com/f50/ or http://www.wreckedexotics.com/enzo/ like the name suggests it's a site with wrecked exotic cars in almost every make/model including ferrari's - 1/4 billion worth of them).

    so what does ferrari do with "owners" who total their "leased cars"? do their fine them/chuck them in jail? i mean what can they do anway?
     

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