Ferrari Financial | FerrariChat
Buy

Ferrari Financial

Discussion in 'Ferrari Discussion (not model specific)' started by Marcello Mirabelli, Nov 14, 2018.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Marcello Mirabelli

    Marcello Mirabelli Rookie

    Oct 31, 2018
    38
    Full Name:
    Marcello Mirabelli
    #1 Marcello Mirabelli, Nov 14, 2018
    Doing my preliminary research for either a 458 or 488. Does anyone know what terms/rates Ferrari Financial offers? How do they compare with other lenders such as Lightstream (which I've seen mentioned a few times).

    Marcello
     
  2. tifoso2728

    tifoso2728 F1 Veteran
    BANNED

    Apr 30, 2014
    8,215
    IL
    Full Name:
    DRM
    #2 tifoso2728, Nov 14, 2018
    Your local Ferrari dealer will be happy to help you with this question. What's so hard about that?
     
  3. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    16,471
    Menlo Park, CA
    Full Name:
    Paul Chua
    #3 paulchua, Nov 14, 2018
    I believe they are about 1% higher than the best rates I've seen due to looser underwriting then others. I don't know about Lightstream. I would expect in current market conditions to be about 5.5% for 100K +

    Interest rates are definitely going up, I think the good old days of 0% or 0.9% rates are over.

    Hope this helps you my friend.
     
  4. Jeff3545

    Jeff3545 Karting

    Sep 4, 2018
    113
    SF Bay Area and South Florida
    Full Name:
    Jeff Nolan
    #4 Jeff3545, Nov 15, 2018
    Ferrari Financial is at least 1% over the banks. BofA did my loan about 6 weeks ago at 3.08% for a preowned car (2.49% would be my new car rate) and Ferrari was 4.45%. They also did a hard inquiry despite assuring me they would not for the preliminary paperwork. That irritated me.
     
  5. Marcello Mirabelli

    Marcello Mirabelli Rookie

    Oct 31, 2018
    38
    Full Name:
    Marcello Mirabelli
    #5 Marcello Mirabelli, Nov 18, 2018
    Thanks, that's what I'm seeing too...
     
    paulchua likes this.
  6. Marcello Mirabelli

    Marcello Mirabelli Rookie

    Oct 31, 2018
    38
    Full Name:
    Marcello Mirabelli
    #6 Marcello Mirabelli, Nov 18, 2018
    I'm finding that my credit union is still the most competitive with rates below 2.75%. They do have a 150K cap however so it comes down to how much you need to borrow.

    Marcello
     
    paulchua likes this.
  7. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    16,471
    Menlo Park, CA
    Full Name:
    Paul Chua
    #7 paulchua, Nov 18, 2018
    The 5.5 quote I used was 72 months (used car), the lowest I've seen is ~2.5 so ff would be around 3.5 w/ FF at 36 months. (Using Penfed)

    Cheers
     

Share This Page