Ferrari Buyer’s Guide

Looking into how to buy a Ferrari? 

In this guide, we’ve got all your questions answered.

One of the most popular prestigious cars, the Ferrari is known to be sleek, sophisticated and world-renowned for its speed and elegance. There are many luxurious cars out there but few have managed to stand the test of time quite like Ferrari. 

It just oozes charisma, sophistication and style, making it the ultimate status symbol. 

Their cars are the epitome of motor technology, and visually, nothing can beat them – making them a great example of style and substance. Many models command large waiting lists because they are so desirable. As for limited editions—if you don’t move extremely quickly, you will lose out. These models are snapped up like lightning. 

However, a luxury car does come with a luxury price tag. If you’re wondering how you can experience the exhilaration of owning a Ferrari without paying for it outright, then we can help you with our affordable finance deals. 

If you’re interested in buying a Ferrari, this guide is made for you. We’ll cover:

• The history of Ferrari
• Why financing a car is so popular
• Which Ferrari models are currently on the market
• The best Ferrari models to buy
• How to buy a Ferrari
• How much a Ferrari costs
• How reliable are Ferraris
• Is a Ferrari a good investment?
• Finance packages to suit every wallet

History of Ferrari

Ferrari is an Italian prestige car company that was formed in 1929 in Modena by Enzo Ferrari. At the time, the company was known as Scuderia Ferrari and it specialised in buying, preparing and racing cars for ride buyers on the motorsport circuit. It soon became a technical-racing outpost for Alfa Romeo, becoming its official racing department in 1933 and adopting its famous horse logo. 

In 1935, Ferrari designed its first race car for Alfa Romeo. This was its first foray into car manufacturing. Several other manufacturing ventures were undertaken before Alfa Romeo brought its racing operation back in-house in 1938, hiring Enzo Ferrari as manager of their new racing department. This process meant Scuderia Ferrari was now surplus to requirements, and the company was disbanded.

In 1939, Enzo Ferrari decided to leave Alfa Romeo under the understanding that he would not use the Ferrari name for four years when it came to racing or race cars. Shortly afterwards, he formed a new company in the old Scuderia Ferrari facility. 

This company made machine tools and aircraft parts, but Ferrari’s true passion remained cars, and in 1940 he built the Auto Avio Costruzioni 815 which he had based on a Fiat 508C platform. This car debuted at Mille Miglia but due to World War II, it didn’t see much competition. In 1943, the factory moved to its current site in Maranello and in 1945, after the war came to an end, Ferrari commissioned the design of a new V12 engine. 

In 1947, the first car to carry a Ferrari badge—the 127 Sport, powered by a 1.5L V12 engine–debuted at the Placenza circuit. In 1950, Ferrari entered several cars in the Monaco Grand Prix, and in 1951, a Ferrari car won its first Grand Prix. By 1957, the company changed its name to Auto Costruzioni Ferrari and the Dino marque was introduced. Ferrari was by now already a well-established and respected name in the world of motorsport. 

In 1961, after several key members threatened to walk out in protest at Ferrari’s wife’s involvement in the company, Enzo Ferrari fired a lot of main players from within the company. Many people believed this would see the demise of the Ferrari brand, especially as the defectors immediately formed a rival company and took a major customer with them. 

These events came at a very difficult time for Ferrari too, as they were in the middle of creating the 250 GTO. Ferrari had to quickly hire some new top-class talent and the 250 GTO was successfully completed. The GTO went on to win many races and cemented the company’s reputation for excellence, performing extremely well against its rival Jaguar. 

In 1969 the German company Porsche began entering the racing circuit. This new competitor briefly outperformed Ferrari and the two became ferocious rivals, each trying to produce a better car than the other. Although Ferrari was a seasoned professional by now, Porsche managed to win most of the races during this time. It was around this time that Fiat made an investment in Ferrari and this began to influence the company’s road vehicles. However, its racing branch remained relatively untouched. 

In 1972, the Ferrari 312 PB brought Ferrari back into the game, ensuring it won well that year. By 1973, despite concerns about its suitability for the race, the car came second at Le Mans. After this, Ferrari decided to leave the field of sports car racing and focus on its Formula 1 effort. This produced a successful spell in the sport throughout the seventies, with Nikki Lauda winning the World Championships in 1975 and 1977, and Jody Scheckter winning in 1979.

In the 1980s the company experienced a time of crisis and change. Racing driver Gilles Villeneuve died in Belgium in 1982 whilst driving for Ferrari. In the same year, Didier Pironi had a near-fatal crash. Enzo Ferrari died in 1988 at the age of 90 and this saw Fiat take over a much larger share in the company. Cordero di Montezemolo became president in 1991.

However, some key hires in the 1990s—most notably Jean Todt as sporting director and Michael Schumacher as a racing driver—saw the company experience a large comeback. They had three wins in 1996 and came close to winning the driver’s championship in 1997 and 1999. After this, Michael Schumacher and Ferrari went on to dominate the sport for many years, winning numerous awards along the way. 

In 2014 it was announced that Fiat Chrysler Automobiles would separate from Ferrari. This separation was completed in 2016 when Ferrari N.V was formed. Ferrari celebrated its 70^th Anniversary in 2017 and Scuderia’s 90^th anniversary in 2019. 

This year is Ferrari’s 75^th anniversary and, despite some times of turbulence during its existence, it remains one of the leading names in the industry today. Its emblem and its name have become synonymous with speed, style, luxury and excellence, and its racing drivers are considered some of the finest in the world. Ferrari is now so successful it even has its own theme parks: one in Spain called Ferrari Land Portaventura and another in Abu Dhabi called Ferrari World.  

Why is financing a car so popular?

One of the key reasons people opt to finance a car is it allows them to get a better model by spreading the cost out over a longer period. There is no large cash outlay and no dent in your bank account. When purchasing such a luxurious car as a Ferrari, where cash outlay can be particularly significant, financing options are even more popular. 

People get to own the car of their dreams and due to the discretionary nature of car financing, nobody has to know that the vehicle wasn’t bought outright. You can own a classic V12 Ferrari or their most up-to-date model, making you the envy of all your friends and loved ones, and they need never know that it’s been bought on finance. You can cruise around town in the most suave, sophisticated supercar and nobody will question how you financed it, they’ll just admire how gorgeous it is. 

Financing a car is incredibly popular. It enables you to purchase a new or used car, spreading out the cost over time and making the outlay more manageable. Financing a car can also potentially make the car cheaper to run, depending on how you use it and what deal you are on.

In the high-end car market, where style, luxury and status are the most important things above all else, the price needs to be irrelevant. Your colleagues and friends can afford the newest sports car, and let’s face it, you don’t want to be left out. If they can’t afford one, even better! Now you can show them what a real car looks like! The cost of a Ferrari is a small price to pay when you consider the respect and envy the car will earn you when you drive up in it. Then there’s the sheer thrill you’ll get from the smell of its luxury interior and the first time you feel that engine start.

Financing a Ferrari can allow you all that pleasure, regardless of whether you have the cash for the purchase. You can, in theory, also trade in your model or part exchange it once finished, which is an attractive offer if you’re looking to drive as much as possible.

There are several different ways to finance a car, including PCP (Personal Contract Purchase), Hire Purchase, Hire Purchase with Balloon and Balanced Payment plans. All of these options come with their own advantages and some may be better suited to you than others. 

With Magnitude Finance – who offer all these options – you are in safe hands. With 30 years of experience in the prestige car finance business, we build excellent relations with our customers, dealers and manufacturers. We can offer competitive rates, a wide choice of agreements and lenders, and access to expert advice, making us a highly attractive option in the industry. 

Ferrari owners demand high-performance finance and Magnitude delivers this. With PCP, hire purchase and balanced payment options available, creating bespoke options when necessary to meet your needs, we can offer great flexibility in our finance and lease contracts, meaning that there is always a plan to meet your personal needs. Furthermore, we are aware of the personal touch; you will always speak directly with someone who is experienced in arranging finance for Ferrari cars, rather than someone at a call centre. 

If you are interested in knowing more about financing a car or how to get a Ferrari, then Magnitude Finance’s Car Finance Academy gives you an excellent insight into the finance market today, and our tips on car finance are also another essential read. 

To learn more about what Magnitude can do for you, skip ahead to our finance section below.

Which Ferrari models are currently on the market?

There are countless classic Ferrari cars out there and if you are looking for one of these models then the world is your oyster. From the Ferrari 250 TR to the Ferrari F12, the second-hand vintage and classic Ferrari markets are like a beauty parade of stunning cars from Ferrari’s bygone eras. However, if you want a brand new Ferrari and want to know what is currently in the Ferrari line-up, then this section is for you.

Ferrari 812 GTS

An excellent example of the classic V12 engine that delivers a dynamite powerhouse of 789 hp. It has a beautiful and smooth body, full of curves and natural contours, making it highly desirable for its speed and aesthetics. It has four-wheel steering, a 7-speed dual-clutch gearbox, and excellent aerodynamics. It also has an electronically controlled retractable hardtop for if you want easy access to the roar of its V12 engine. And let’s face it—who doesn’t?

Ferrari 296 GTB

The 296 GTB is one of Ferrari’s newest models. It’s also the first road car that Ferrari has produced with a V6 engine, and its first RWD hybrid. This is one of the supercars for the future, able to compete in a more environmentally conscious world. Its turbocharged V6 can produce 654 hp and when aided by its electric motors, this can reach a huge 818 hp. The engine gives you that familiar Ferrari roar when you want it, but the motors also give 15.5 miles of all-electric driving, which is perfect if you have one eye on your carbon footprint. 

Ferrari F8 Tributo

The F8 Tributo was a replacement for the 488 GTB and it has become as popular, if not more so, with those of us that love true supercars. It is stunning in design, possessing the real ‘wow’ factor. When you drive past in an F8 Tributo, expect the world to pause for a moment in appreciation. On top of this, it has magnificent acceleration and it takes corners like an angel. This is an exciting and sensual car, one that possesses true personality and status. 

Ferrari F8 Spider

The F8 Spider is only available in a single trim but because Ferrari offers so many customisation options, this is never really an issue.  It hasn’t got the same rearview limitations as the coupé, but the bodywork has been subtly changed, ensuring it is every bit as fast. The F8 Spider manages to effortlessly combine comfort, speed and style.

Ferrari SF90 Stradale

The SF90 Stradale is the most powerful of Ferrari’s road cars. A hybrid hypercar that uses a twin-turbocharged 4.0L V8 combustion engine combined with three electric motors. One electric motor is mounted between the engine and the gearbox, while the other two are mounted on its front axle. The combined maximum output from this set-up is a staggering 989 hp. On top of this, the car is full of new, state-of-the-art technology. This includes the two-piece rear wing, a feature that comes courtesy of the company’s F1 history. 

Ferrari SF90 Spider

This is the roadster version of the SF90 Stradale but it keeps many of the features that are loved about the coupé. It has a beautiful retractable aluminium hardtop, making it much lighter than the conventional hardtop. Furthermore, it can be retracted when the car is stationary, going at low speeds, or even when it’s cruising, making it highly efficient and reliable. An electric rear window that can be raised easily means there is protection for those windy days when you still want the top down. In addition to this, there is even a central trim piece between the seats that helps to channel air away from the car’s interior, ensuring maximum comfort for anyone inside. The car itself is beautiful and sleek, its engine one of perfection. 

Ferrari Roma

The Roma is in direct competition with cars like the Aston Martin DB11, The McLaren GT and the Bentley Continental GT. All very fine cars in their own right. However, the Ferrari Roma may just edge ahead of its competitors as it seems to have that extra indefinable something about it. Its design is beautiful; smooth, lustrous and noble. Its grille is also distinctive, helping to add to its incredible profile. 

The interior features all the cutting-edge technology that we have come to know and love from Ferrari, and large digital clusters dominate the dashboard. 

Ferrari Portofino M

The Ferrari Portofino M is an upgraded version of the Ferrari Portofino—a car that is already magnificent in its own right. A 2+2 grand touring cabriolet with many new features, this is definitely a car to hanker after. Its 8-speed dual-clutch automatic is a dream, shifting effortlessly for maximum comfort. The 612-hp twin-turbocharged engine gives you the vroom that is desired from a supercar, letting you and everyone around you know that there’s a monster under the bonnet. 

Icona Series: Ferrari Monza SP1

Cast your mind back to the classic Ferraris of the 1950s. Now think of the wonderful advanced technology found in the modern-day Ferrari. This car is basically a combination of the two, providing the best of both worlds. The Ferrari Monza SP1 is a limited edition car, meaning that it’s so much more special. Based on the Ferrari 812 Superfast, it comes with an astounding 6.5 litre V12 engine that shoots 810 hp out through its rear wheels. An open-topped beauty, this car is really built for speed. It’s rare and hard to get, but doesn’t that just add to its appeal?

Icona Series: Ferrari Monza SP2

This is very similar to the Ferrari Monza SP1, only it has a passenger cockpit, meaning a friend can come along for the ride. And let’s be honest, nothing makes a fast, beautiful car more exhilarating than sharing the experience. 

Ferrari Daytona SP3

The Daytona SP3 is the third instalment in the exclusive Icona series. This car has a Targa top (with removable hardtop) for when you want to feel the sun on your face or the wind in your hair. 

Inspired by Ferrari’s prototype endurance racers from the 1960s that performed well in the 1967 24-hour Daytona—specifically the 330 P3/4, the 330 P4, and the 412 P—this car is just as much a winner. 

This is a limited edition supercar that’s in a league of its own, as Ferrari only intends to build 499 of them, and each one will be priced at over £1.5 million. This price tag hasn’t put people off though; eager buyers are said to have already snapped up all available build slots. 

What are the best Ferrari models to buy?

If you’re thinking of buying a Ferrari—and why wouldn’t you be?—then you are probably wondering what Ferrari is best suited to your needs. We all buy a supercar for different reasons and we all look for different things. So here are our top tips. 

Best Ferrari for speed

The Ferrari 812 Superfast is an evolution of the F12 Berlinetta and shares many of its features. It has a 6.5L V12 engine that is one of the most powerful in production and that doesn’t come with any forced induction. With 780 hp and 530 lb-ft of torque, this is a true beast when it comes to speed. 

The best Ferrari for daily driving

The Ferrari Roma lacks nothing in speed or performance. However, it is a small car that is easy to park, and it’s built to be a better daily driver. It has two seats in the back and a small trunk, giving it a fair bit of cargo space compared to other Ferrari cars. It still looks elegant and expensive, but it also has that extra level of practicality to it. 

Best Ferrari for collecting

The 1962 Ferrari 250 GTO is like an angel in car form. Ferrari GTOs are considered a prize in any collection due to their rarity, speed, power, beauty, and success on the race track. The 1962 Ferrari 250 GTO is the best and rarest of them all, though. This is in a class of its own. 

Best Ferrari for style

It’s hard to think of any Ferraris that don’t possess style and grace, so it’s difficult to pick a model that truly stands out from the rest. Some people might choose the Ferrari Testarossa; after all, an entire generation of car enthusiasts had a poster of its sleek body and recognisable side strakes on their wall. It was hard to avoid pictures of its striking profile at one time. However, for us, the winner would probably be the Ferrari F40. 

This was the last car commissioned by Enzo Ferrari and its carbon fibre and aluminium bodywork is just beautiful. It has a powerful V8 engine, giving it plenty of power under its bonnet, and it can easily make 471 horsepower. If you want to turn heads around your town or city, plus have the ride of your life, then this is definitely going to do the trick. 

Best Ferrari for price

Let’s be honest here, no Ferrari can be called a cheap car. It would defeat the purpose of owning a luxury car like a Ferrari if everyone could buy one. However, the Ferrari Portofino is probably the least expensive Ferrari on sale, coming in at about £200,000 before additional customisations.  

Best Ferrari for the environment

Ferrari has recently achieved the highest level of FIA Environmental Accreditation, proving that a supercar doesn’t necessarily have to be bad for the environment. Ferrari now makes several hybrid models in their range and they are all as beautiful as their traditional range. In 2021, the company launched the Ferrari 296 GTB which contained its first hybrid V6 engine. 

This is a two-seater sports Berlinetta with a 6-cylinder engine and 663 Cvv of horsepower. It can operate as a purely electric vehicle, using the PHEV plug-in system that ensures nearly 30 miles of autonomy. However, if you do run low on power while you’re driving, you can switch to hybrid mode, which turns on its engine. It has many excellent functions, such as its eDrive and Performance settings, and it makes for a brilliant ride. Furthermore, it looks as stylish as ever!

Best Ferrari for taller people

No, we’re not pulling your leg. Bear with us.

It’s a fact that some supercar models concentrate more on aerodynamics and appearance, rather than space. For the most part, this isn’t a problem…providing we can fit in them ourselves! 

This can sometimes be a problem for those of us that are pretty tall. Thankfully though, most Ferraris allow for people of at least 6’2”, so you shouldn’t have too many problems with any model in their range. However, if you are particularly tall, a classic Ferrari 550 Maranello does give a little more space in this respect. 

How to buy a Ferrari: Here’s everything you need to know

Ferraris are an iconic brand. You cannot think of a Ferrari without thinking of style, luxury, excess and speed. The sound of its engine is unmistakable and its logo is instantly recognisable. Its sleek look stands out among the crowd, willing people to look at it.  

Ferrari remains one of the most popular supercar producers because of these reasons. On top of that, their cars are continuously evolving, becoming ever faster, better, and more powerful. 

If you want to stand out, then the answer is a Ferrari. If you want to impress people, then Ferrari will do this with ease. Want a status symbol to go with your yacht and mansion? Again, reach for a Ferrari. Want to show everyone how successful you are in what you do? A Ferrari can do this without you even having to utter a word. Want a car that can give you an effortless drive at any speed? Again, Ferrari is perfect. Basically, there are so many reasons to own a Ferrari that it would be hard to come up with reasons not to own one. 

So, do you want to know how to buy one? Of course you do! As such, read on and find out…

How much does a Ferrari cost?

As with nearly all cars, the answer to this question is a little opaque. It does depend on the model of Ferrari and, if it’s second-hand, what condition it’s in and its history. However, let’s be honest, to make a Ferrari really worth owning it needs to be on the high-end luxury and supercar marque of the brand, and it needs to be in fairly good condition. 

With this in mind, here are some basic guide prices for some popular models. Baring in mind, Ferrari won’t let you actually buy a guide price car, it needs some spec on there before they will allow it to be built…

• Ferrari 812 GTS: £293,150
• Ferrari 296 GTB: £241,550
• Ferrari 296 GTS: £270,000
• Ferrari SF90 Stradale: £376,048
• Ferrari SF90 Spider: £418,233
• Ferrari F8 Tributo: £203,476
• Ferrari F8 Spider: £225,897
• Ferrari Roma: £170,984
• Ferrari Portofino M: £175,000
• Ferrari 812 Competizione: £500,000
• Ferrari Monza SP1: £1.296 million

These are the prices for the newest models that were launched recently. There are obviously some beautiful classic high-end Ferraris out there too, some of which are highly sought after and are yearned for by collectors. These come in various prices, depending on their rarity, their prior ownership, and their condition. 

Whatever price you choose to pay, it will always be worth it, as the experience of driving a Ferrari is priceless. 

Are Ferraris a reliable drive?

Ferraris are as reliable as any other high-performance car that’s available on the market today. If they are properly maintained and driven regularly, then they normally work perfectly well for many years. Maintenance can sometimes be expensive, as a Ferrari is not just any car but a highly sophisticated machine that often contains a lot of advanced technology. However, this maintenance will always prove worthwhile as it makes sure that the car itself is with you for the duration.

Obviously, there can be bad Ferraris. These normally lurk on the second-hand market and are often sold by unreliable dealers. Like all cars bought this way, whatever the make, they may be hiding unknown or unseen issues. Perhaps they have been in a crash that the dealer has conveniently forgotten to tell you about. Perhaps the car has been neglected over the years and as such, it has technical issues. These issues aren’t issues with Ferrari as a car, but instead reflect the car’s prior ownership and the person selling it. 

As a rule, though, a Ferrari is the type of car that you know you can trust. When you want it to be there for you, it will be. Ferrari has 75 years’ worth of experience behind them to attest to their ability to create some of the greatest cars that we’ll ever see. 

Is a Ferrari a good investment?

When we think of dream cars, many people will think of a Ferrari. The manufacturer is eponymous with sophistication, class and luxury, and their cars ooze power and beauty from every atom they possess.  But is a Ferrari a good investment? 

Unlike regular cars that lose some value over time as they age, a Ferrari can hold its worth for years or even decades, making it an excellent investment. The fact that the name Ferrari carries so much weight behind it, and that the car is already so excellent, means its value doesn’t depreciate in the same way. Furthermore, Ferraris are not mass-produced like regular cars, meaning they easily become rarities or classics, actually adding to their value. On top of this, due to their status symbol element, they will always be highly desired, regardless of their age. 

Limited edition Ferraris will always be hugely popular, no matter how old they get. For instance, the Icona series is likely to increase in value over time because only a handful of units were made. Collectors will love these cars and are likely to want one at any cost. 

Furthermore, when we look at classic models like the Ferrari 250 GTO, then we can see that it’s very easy for a car to actually increase greatly in worth over time. This can happen for a number of reasons but most often it is because the model has gained notoriety on the race track, proven itself to be unique in some way, or has gained cult or rarity status. 

However you want to look at it, investing in a Ferrari is going to be an excellent investment that will keep working for you for many years to come. 

Ferrari finance packages to suit every wallet

Now comes the slightly more complicated part—how to buy a Ferrari. Obviously, for those of us who have the odd £400,000 tucked down the sofa or lying around as small change, then this isn’t complicated at all! But let’s be honest, we are not all that lucky. 

Why should a lack of hard cash stop you from experiencing the beauty and luxury of a Ferrari though? Why should you be denied those looks of admiration and envy from those around you? That dream of feeling power and style around you as you turn the engine on? Well, you don’t have to give up on that dream. With Magnitude Finance, there is a financial package to meet your needs. Furthermore, our thirty years of experience in the industry means that we can create the perfect bespoke finance plan for you and work with you to ensure your satisfaction. Magnitude Finance has an excellent client satisfaction record, so you will be in good hands. 

We have an experienced concierge team that has a long history of securing the right cars for our clients, having helped thousands to secure their dream. Our team is full of expert advice and can search out the best deals with ease, utilising our access to over 20 lenders across the finance market. This enables us to create made-to-measure packages with flexible funding to suit your needs. 

With a Ferarri finance package from Magnitude, you can achieve so much more. You can not only buy a Ferrari, but you can buy the best Ferrari. The Ferrari of your dreams. The one you may have had your eye on since the day you passed your driving test. 

Magnitude’s financial products include:

Hire Purchase Finance 

When it comes to finding a Hire Purchase agreement that suits you, then Magnitude Finance will be there to help you with every step. We can tailor packages to make them perfect for you, ensuring you can get your hands on that prestige car for which you’ve been yearning. 

Hire Purchase agreements are very popular when it comes to securing a luxury car, whether it be an exotic model, a classic or a hypercar. The reason for this? A Hire Purchase agreement can be one of the easiest ways to secure a prestige car: you simply make set payments over an agreed period of time and then once you have made all the payments, the car will be yours. Its simplicity makes it perfect for so many people. 

Hire Purchase with Balloon 

Hire Purchase finance deals with a Balloon are similar to your regular Hire Purchase agreements. The difference lies at the end of the agreement, where there is a ‘Balloon payment’—a one-off larger payment to clear the final amount. By using a Hire Purchase with Balloon agreement, you can lower your monthly payments and can potentially get extra flexibility. The balloon payment is a set sum that is agreed upon in advance and that gets paid at the end of the contract.

Magnitude has been helping drivers buy the luxury car of their dreams using this type of agreement for decades, and you could be one of them. 

Balanced Payments 

Balanced Payment car financing combines several factors into one financial product and gives you a fixed monthly payment. This means that you can plan the rest of your finances easier because you know the exact amount coming out of your bank each month.  A Balanced Payment plan is a very competitive option and is perfect for people with investment experience that already understand a lot of the risks that can be involved. 

With a Balanced Payment plan, there is often only a low deposit, which works well with the set monthly payment to give you extra budgeting ability. 

If you are a more sophisticated and experienced investor, a Balanced Payment plan could definitely be for you. 

Personal Contract Purchase

A Personal Contract Purchase is a very popular way to broker a finance agreement on a prestige car. This option is cost-effective and allows you to make flexible deposit contributions, making it a great way to lease a vehicle. In addition to this, it offers you three options at the end of your contract—you can keep the car, trade it in, or return it. 

Built upon a traditional Hire Purchase agreement, the biggest difference between both options is the value of the vehicle, which is decided at the start of the contract and then deferred until the end. 

This price is worked out using a wide range of factors, including starting mileage, annual mileage limit as estimated by you, and the car’s age. It is important to remember that unless you agree to pay this price at the end of the contract, the vehicle will not be yours. Also, as this is a form of leasing, exceeding any limits or altering anything without prior consent could result in additional charges.  

A PCP finance agreement normally starts with you paying between 10– 30% deposit. You will then pay off the rest of the money in pre-agreed payments. 

How to buy a Ferrari: Your questions, answered

Do you have any questions that are yet to be answered? This FAQ section hopes to cover as many of these as possible. 

What is the most fun Ferrari to drive?

Where do we start? There are so many fun Ferraris to drive that this section could go on forever. However, the Ferrari 296 GTB is a real beauty and literally full of fun and excitement. It’s an evolution of the mid-rear-engined two-seater sports Berlinetta and runs on a 120° V6 engine as well as a plug-in (PHEV) electric motor capable of delivering 830cv, making it a powerful ride full of modern technology. This said, if a classic car is more your thing, the Dino 206 is a beautiful ride full of tons of fun. 

What is the best way to buy a Ferrari?

One of the most popular ways to buy a prestige car is by using a car financing package. It’s easy and gives you instant access to the iconic car of your dreams. Also, by using a finance package like those offered by Magnitude, there are various payment plans and products to meet your needs.

What is the greatest limited-edition model?

All Ferraris are special in their own way. They have their own personality, their own style. They are already one of the most prestigious and exclusive carmakers in the world. However, there is something that is a little bit more majestic in a limited-edition model. Just to know you’re behind the wheel of a car that has perhaps only had a production run of a couple of hundred, or even less, is a feeling that is second-to-none.  So what is the best limited-edition model? 

Well, the Ferrari F60 America is definitely a prime example. An open-topped, more lightweight version of the incredible F12 Berlinetta, the F60 was designed to celebrate Ferrari’s 60^th Anniversary in North America. There were only 10 of these cars made and they were all sold before the car was even announced. They have a 6.3L V12 engine and they are stylish beyond words.  

Financing your Ferrari with Magnitude 

Magnitude Finance are a leading finance broker in the prestige car market, meaning that they have access to exclusive deals, technologically-advanced tools, and expert concierge services.  They also provide an easy-to-use settlement calculator and finance calculator to make easy work of number-crunching in a complicated field.

Please get in touch with Magnitude Finance to speak to one of our professional team. We will happily help you find the right plan to meet your needs, and we will have you behind the wheel of your next great supercar with ease. 

Magnitude finance also offers finance options for other supercars and luxury performance sports cars, including Lotus, Porsche, Tesla, Rolls Royce, Jaguar, Lamborghini, McLaren, Mercedes Benz, and Toyota.