Ferrari Hire Purchase Calculator
Calculate your Ferrari Hire Purchase monthly payments for 488, F8, SF90, Roma. Get instant quotes with our free Ferrari HP finance calculator.
Used by 5000+ users
Free to use • No registration required • Instant results
Ferrari Hire Purchase Calculator
Your Ferrari Hire Purchase Results
Amount to be financed
£170,000.00
Monthly payment
£4,062.98
Term
48 months
Total Amount Paid
£225,023.00
Total interest
£25,023.00
You own the car after
48 months
About Ferrari Hire Purchase
Ferrari Hire Purchase is a straightforward way to finance your Ferrari.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Ferrari Financial Services offers competitive HP rates, typically ranging from 4.9% to 9.9% APR. Unlike PCP, there's no final balloon payment - you make equal monthly payments throughout the term.
Ferrari HP is ideal if you want to own your Ferrari outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Ferrari Hire Purchase FAQs
What is Ferrari Hire Purchase?
Ferrari Hire Purchase (HP) is a straightforward financing option where you pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the Ferrari.
How does Ferrari HP differ from PCP?
Unlike Ferrari PCP, Hire Purchase has no final balloon payment. You make equal monthly payments throughout the term and automatically own the car at the end. HP typically has higher monthly payments but lower total cost.
What Ferrari models are available on HP?
All Ferrari models are available on Hire Purchase including the 488, F8, SF90, Roma. Ferrari also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Ferrari HP?
Ferrari HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Ferrari often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Ferrari HP?
Ferrari HP typically requires a minimum deposit of 10-20% of the car's value. For a £200,000 Ferrari, you'd typically need a £30,000-£40,000 deposit. You can put down more to reduce monthly payments.
Can I get Ferrari HP with bad credit?
Ferrari Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Ferrari will work with you to find suitable terms based on your circumstances.
Can I pay off Ferrari HP early?
Yes, you can settle your Ferrari HP agreement early. You'll receive a settlement figure that includes any outstanding balance minus interest charges. Early settlement can save you money on interest.
What happens if I miss Ferrari HP payments?
Missing Ferrari HP payments can result in late fees and may affect your credit rating. Ferrari Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
Related Ferrari Tools
Ferrari MOT Check
Check your MOT status, see its expiry date, days remaining and previous failure
Ferrari Road Tax Check
Check your road tax status, expiry date and remaining days
Ferrari ULEZ Check
Check your ULEZ compliance status and daily charges
Ferrari CO₂ Emissions Check
Check your CO₂ emissions and tax band
Ferrari PCP Calculator
Calculate your PCP finance payments and balloon payment