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Financing a Ferrari

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  #1  
Old 03-03-2013, 04:46 AM
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Financing a Ferrari
any recommendations for long term financing
I was looking to purchase a Ferrari soon and can use any recommendations
 
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Old 03-03-2013, 06:00 AM
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I wouldn't do any longer than 72 months. You will pay to much in interest TD Bank does exotics. I could help arrange it if you would like.
 
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Old 03-03-2013, 04:22 PM
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Yes very much interested
 
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Old 03-03-2013, 04:27 PM
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Most companies will want 20-25% down If you plan on keeping the car for a long time a lot of places go out to 144mo and will do 2-3% which is worth if if you want to use your money for investments.
 
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Old 03-03-2013, 04:56 PM
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Any recommendations on who would be able to provide that type of financing
 
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Old 03-03-2013, 06:18 PM
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The bank he would be referring to is woodside credit. You can google them
 
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Old 03-04-2013, 06:50 PM
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Originally Posted by giants08
any recommendations for long term financing
I was looking to purchase a Ferrari soon and can use any recommendations

Most Ferrari guys use:

https://www.penfed.org/

Good Luck!!
 
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Old 03-05-2013, 08:51 AM
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does penfed provide more then 70k?
 
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Old 03-05-2013, 11:13 AM
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no penfed max is 70k
im going to contact woodside to see what they offer
 
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Old 03-05-2013, 11:40 AM
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How long of a term are u looking for
 
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Old 03-05-2013, 11:55 AM
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ferrari has their own finance company... thats who i use...
 
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Old 03-05-2013, 05:20 PM
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8-10 years to keep the monthly payments as low as possible
with the expectation to pay off a lot sooner based on projected earnings
 
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Old 03-05-2013, 05:23 PM
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Understood and I spoke to someone on F-Chart regarding that same subject, this would need to be done through a Ferrari dealership though and the vehicle I was looking at was at a third party dealership
 
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Old 03-05-2013, 08:04 PM
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It can be any auto dealership to use woodside does not have to be a Ferrari dealer
 
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Old 03-06-2013, 11:58 AM
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i was referring to using ferrari financing
 
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