Balloon Financing is similar to traditional retail financing, but includes some additional benefits when leasing. It provides a lower monthly payment than traditional financing since you do not pay the entire principal balance over the term of the loan.
If you are a Ferrari buyer that likes to trade in and out of Ferraris, Balloon Financing is the perfect option for you!
Balloon Financing Pro’s
Only pay for about half the vehicle for the first 59 months with the other half due at payment 60
Simple interest loan with no early payoff penalties
Freedom of mileage driven
Freedom to sell or trade whenever you want
No end of term expensive fees
No security deposit or first payment up- front fees
Allows you to drive much more vehicle without having to tie up all of your money allowing you to keep it invested
Ferrari Financial does not report to credit bureaus
Helps build your profile with Ferrari for future purchases as Ferrari loves to see their clients utilize the Financial arm of Ferrari
Tax benefit when trading in (based on the state the vehicle is registered in)