Did you buy (cash) or finance your Ferrari? | FerrariChat

Did you buy (cash) or finance your Ferrari?

Discussion in 'Ferrari Discussion (not model specific)' started by audihenry, Apr 2, 2006.

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  1. audihenry

    audihenry Formula Junior
    BANNED

    Mar 27, 2006
    662
    Los Angeles
    Full Name:
    Henry
    Hey all,

    I'm wondering what percentage of you bought your Ferrari straight-out and what percentage financed. I ask because it seems wiser to finance long-term if you intend to flip the car in a few years than to plonk down a lot of money at once and tie it up in a car.

    Thanks in advance for your replies! :)

    Henry
     
  2. Noel

    Noel F1 Veteran
    Owner Rossa Subscribed

    straight cash, homie.
     
  3. 2000YELLOW360

    2000YELLOW360 F1 World Champ

    Jun 5, 2001
    19,800
    Full Name:
    Art
    This has been done before. Check the search function. As I recall, most paid cash.

    Art
     
  4. Jsuit

    Jsuit Formula 3

    Jul 12, 2005
    1,178
    East Coast
    Full Name:
    John
  5. VTChris

    VTChris F1 World Champ

    Aug 21, 2005
    13,259
    AMEX!
    Adding to my membership Reward points!
     
  6. Gatorrari

    Gatorrari F1 World Champ
    Silver Subscribed

    Feb 27, 2004
    16,460
    Georgia
    Full Name:
    Jim Pernikoff
    In my case: both! I paid $20k cash and am financing the other $15k. Most people will say that paying cash for a Ferrari is the only way to go, but in my case a compromise worked out best.
     
  7. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    25,970
    Las Vegas, NV
    Full Name:
    Ryan Alexander
  8. bwassam

    bwassam Formula Junior

    Jan 3, 2005
    635
    North Bend, Oregon
    Full Name:
    Robert Wassam
    I financed the whole amount and then paid it off with the first payment.

    Bob Wassam
     
  9. absent

    absent F1 Veteran
    Lifetime Rossa

    Nov 2, 2003
    8,810
    illinois
    Full Name:
    mark k.
    Cash for Aston,will do same with 599.
     
  10. branko

    branko F1 Rookie
    Owner

    Mar 17, 2003
    3,710
    Birmingham, Alabama
    Full Name:
    Branko Medenica
    Always paid cash.
     
  11. tpower22

    tpower22 Formula Junior

    Jul 24, 2005
    346
    Southwest
    Full Name:
    Tom
  12. 1Turbo

    1Turbo Formula Junior

    Jan 26, 2005
    675
    LA$ VEGA$
    Full Name:
    Jimmy K
    CA$HIER$ CHECK :D
     
  13. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,057
    Savannah
    cash in person , or wire transfer.
     
  14. Perfusion

    Perfusion F1 Rookie

    Oct 16, 2004
    4,151
    Marietta, GA
    Full Name:
    Aaron
    Cash....although if I were looking into a more expensive vehicle, and said vehicle were at a dealer, I could be easily swayed into financing it if the plusses and minusses worked in my favor.

    Aaron
     
  15. MPH

    MPH Karting

    Aug 18, 2004
    70
    Southwest
    Full Name:
    MPH
    C.I.F. Cash In Fist!
     
  16. JeffB

    JeffB Formula 3

    Jan 16, 2004
    1,132
    Northville, Michigan
    Full Name:
    Jeff B
    Pay with 10s and 20s if you get jerked around on the waiting list too long :)
     
  17. Sfumato

    Sfumato F1 World Champ

    Nov 1, 2003
    10,194
    Llanfairpwllgwyngyll, Anglesey, Wales
    Full Name:
    Angus Podgorney
    I traded my Works Cooper in on my Superamerica. Almost paid for the HGTC package. Put the rest on Amex.
     
  18. hackrider

    hackrider Karting

    Feb 9, 2006
    153
    Albuquerque, NM USA
    Full Name:
    Dave
    Always do the research and pay cash and you'll come out ahead.

    Cash!!!!!!!!!
     
  19. Myhorse

    Myhorse Formula Junior

    Oct 31, 2003
    387
    NSF cheque
     
  20. Townshend

    Townshend F1 Veteran
    Owner Rossa Subscribed

    Jul 20, 2005
    6,677
    Chicago
    Full Name:
    Walter
    Out of curiousity, did the dealership charge you for using the Amex? I have to imagine they definatly frown upon that. That's what, 3%?
     
  21. BT

    BT F1 World Champ
    Lifetime Rossa

    Mar 21, 2005
    15,291
    FL / GA
    Full Name:
    Bill Tracy
    Cash. I would not enjoy the car as much if I had financed it.
    BT
     
  22. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
    Full Name:
    Franklin E. Parker
    Cash...never finance a toy...
     
  23. Dr.T348

    Dr.T348 Formula 3

    Jan 8, 2004
    1,599
    Chicago NW Burbs
    Full Name:
    Richard T.
    Amen.

    Paid cash!
     
  24. SoftwareDrone

    SoftwareDrone F1 Veteran
    Sponsor Owner

    Jan 19, 2004
    7,857
    San Jose, California
    Full Name:
    Mike
    Okay. Now, how many people have paid cash for the car, and the car was over $100,000.00 ?
     
  25. 308GTS

    308GTS Formula 3

    Dec 27, 2001
    2,223
    TN
    Paid cash for all of my Fcars and other cars.
     

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