Ferrari Refinance in 2026: Releasing Capital From a Ferrari You Already Own
A Ferrari owned outright is capital that cannot pay a supplier, settle a tax bill or cover the deposit on the next car. It sits in the garage, insured and serviced, while the business borrows elsewhere at whatever rate it can find. Ferrari refinance changes that without a sale. A lender advances money against the car, takes security over it, and the car stays with you. On an advance of £120,000 over 48 months at an indicative nominal rate of 8.9 per cent, the monthly payment comes to £2,981, and the sum is set out step by step below so you can check it rather than take it on trust. What decides the size of the advance is not what the car cost new. It is what the car is worth today, and that turns on which Ferrari it is, because a car from the current range, a 1990s V12 and a 1970s classic are three different valuation jobs.
Ferrari Finance is part of Hypercar Finance, a trading name of Lenzie Consulting Ltd (company number 08174104). We arrange finance: we are not a lender, not a dealer and we do not sell cars. The business is not authorised or regulated by the FCA. Agreements entered into wholly or predominantly for business purposes are not regulated consumer credit, and we arrange those directly; where an agreement is regulated consumer credit we introduce it to an FCA authorised broker partner, which carries the regulated activity and any advice. There is no minimum advance. Every figure below is indicative, not an offer.
Not affiliated with Ferrari S.p.A. Vehicle marques named here are the trade marks of their respective owners.
In the episode below, Georgina walks through how a refinance against a Ferrari you already own is valued, priced and paid back.
What does a Ferrari refinance actually do?
A refinance is a loan secured on a car you already hold. You own the Ferrari outright, or close to it, a lender advances a sum against it, and you repay that sum in monthly instalments over an agreed term. Equity release is the plainer name for the same thing. The car stays on your drive and on your insurance for the whole term, and you drive it exactly as before.
The legal position differs from a purchase agreement in one way that matters. Under hire purchase the lender owns the car until the last instalment is paid. Under a refinance you keep title, and the lender records its interest against the car instead. Anyone who checks the registration will find that interest, which only becomes a problem if you sell during the term, because the finance has to be cleared out of the sale first.
Owners use the money for four things, roughly in this order: working capital, the deposit on another car, clearing a more expensive agreement, and one-off costs such as a tax bill. How we take a case to market is set out on our refinance page.
Which Ferrari you own decides what the advance is set against
This is the question underneath every refinance. A purchase agreement on a new car can be priced from a list price. A refinance never can, because the car was bought years ago and the price paid then tells a lender nothing useful now. The advance is a share of what the car would sell for today, and how that figure is reached depends on the era the car belongs to. Our model reference groups 151 Ferrari road cars into five eras, and each gives a lender a different kind of evidence.
| Era | Built | Examples | What the advance is set against |
|---|---|---|---|
| In production | Current range | 296 GTB, Purosangue, 12Cilindri | Current value, with the list price as a reference point |
| Modern | 2010 to 2025 | 458 Italia, 488 GTB, F12berlinetta | Used market value, with the steepest depreciation already taken |
| Modern classic | 1990 to 2009 | F355, 360 Modena, 550 Maranello | Market value where prices have flattened or started to climb |
| Classic | 1968 to 1989 | Testarossa, 288 GTO, F40 | An agreed valuation, outside every manufacturer scheme |
| Vintage | Before 1968 | 250 GT, 275 GTB | An independent valuation, case by case |
So refinance covers more of the range than any other agreement. Lease purchase, PCP and contract hire all need a closing value somebody can forecast. A refinance only needs a value that can be agreed today.
It gets harder at the edges, where a limited-build car gives an assessor few sales to compare against. The F50 shows the point: 349 were built according to manufacturer data, which makes it rarer than 63 per cent of the 110 Ferrari road cars in our reference with a documented build number. The F355, at 11,273 built, is the most numerous of those 110, with a deep market and plenty of recent sales to measure against.
Working out the payment on a £120,000 advance
Take a hypothetical owner whose Ferrari supports an advance of £120,000, written over 48 months at the indicative nominal rate of 8.9 per cent. There is no deposit on a refinance, because nothing is being bought, so the whole advance is the amount financed and there is no balloon.
The sum runs in four steps.
- The monthly rate is 8.9 divided by 12, which is 0.7417 per cent, or 0.0074167 as a decimal.
- Raise 1.0074167 to the power of minus 48. That gives 0.70139.
- Take that from 1, which leaves 0.29861.
- Multiply the advance by the monthly rate and divide by step 3. £120,000 times 0.0074167 is £890.00, and £890.00 divided by 0.29861 is just over £2,980. Carried at full precision it is £2,980.51.
Rounded to the pound, the monthly payment is £2,981. Across 48 payments you repay £143,064, so the cost of credit is £23,064. The same method gives these figures at other advances.
| Advance | Monthly over 48 months | Total repaid | Cost of credit |
|---|---|---|---|
| £60,000 | £1,490 | £71,532 | £11,532 |
| £100,000 | £2,484 | £119,220 | £19,220 |
| £120,000 | £2,981 | £143,064 | £23,064 |
| £150,000 | £3,726 | £178,831 | £28,831 |
| £200,000 | £4,968 | £238,441 | £38,441 |
Two things follow from that table. The rate on a real refinance usually sits a little above the rate on a purchase agreement, because the lender is advancing against a car it did not choose, so treat 8.9 per cent as the basis for the sum rather than a promise. And the size of the advance moves the outcome far more than a fraction of a point on the rate. An offer of £20,000 more at a slightly higher rate is frequently the better one.
On a refinance the advance is the thing you came for, and the valuation is where it is won or lost.
Refinancing a balloon instead of paying it
The refinance we are asked about most is not equity release at all. It is the final payment on a lease purchase agreement. On a 296 GTB bought at its £241,560 list price with 20 per cent down and 55 per cent deferred, the monthly payment during the term is £2,485 and the balloon at month 48 is £132,858. An owner who wants to keep the car then has three choices: pay the balloon from cash, sell the car and clear the balloon from the proceeds, or refinance it.
Refinanced across a fresh 48 months at the same indicative 8.9 per cent, £132,858 becomes a payment of £3,300 a month, with £25,536 of interest over the term. Over 36 months it would be £4,219 a month. Either way, one large payment becomes a second run of monthly ones, and the car stays yours.
Timing is where owners come unstuck. The new advance is set against what the car is worth when you apply, not against the balloon figure in the old agreement, and a lender needs time to value the car and read the accounts. Start two or three months before the agreement ends, because a rushed application costs more.
Using equity in one Ferrari to fund the deposit on the next
This is where a refinance and a purchase meet. Say a hypothetical buyer wants a 296 GTB at £241,560. The 20 per cent deposit is £48,312. If they own an older Ferrari outright, refinancing it for that sum over 48 months costs £1,200 a month at 8.9 per cent, and the cash in the business stays where it is. The new car then goes on hire purchase at £4,800 a month, or on lease purchase at £2,485 a month with the balloon described above.
Two agreements against two cars from one conversation is ordinary work, but judge it as one decision. The combined monthly figure is what the business has to carry, not either payment on its own. On a company agreement a personal guarantee is often requested, and a guarantee given twice, once for each car, deserves a second reading.
Business or personal: which route a refinance takes
A refinance can be written to a limited company or to you as an individual, and the route decides which rules apply. An agreement entered into wholly or predominantly for business purposes sits outside regulated consumer credit, and we arrange it ourselves. A personal agreement is regulated consumer credit, so it is introduced to an FCA authorised broker partner, and that firm carries the regulated activity and any advice given on it.
The Consumer Credit Act 1974 gives a borrower under a regulated hire purchase or conditional sale agreement the right of voluntary termination once 50 per cent of the total amount payable has been paid. A business agreement carries no such right. If a right like that matters to you, ask which kind of document you are signing before you sign it. You will be told which route your case takes before it goes anywhere.
What moves the valuation, and how to compare offers
The valuation is the negotiation. Two examples of the same model are not the same security. The one with a complete service record, the original options list, invoices for recent work, photographs and a known ownership history values higher, and the gap is often wider than any rate difference you could argue for. Bring that file to the first call, not the third.
Then compare offers on four points, in this order:
- The advance, because it is the reason for the loan.
- The rate, and whether it is fixed across the whole term.
- The fees at the front and at the back, which on secured car finance can be meaningful.
- The early settlement terms, because refinances are often repaid early, after a good year or when the car is sold.
A quote read on the monthly figure alone hides three of those four.
Outlook for Ferrari refinance through 2026
The Bank of England held base rate at 3.75 per cent at its 30 July 2026 decision, and the next decision is due on 17 September 2026. That is background, not the rate a borrower pays: a lender prices a refinance on the car, the business or person behind the application and the length of the term, and base rate is only one input. What shifts demand more is the used market. When values on older cars hold or climb, owners have more equity to draw on, and a car bought outright years ago becomes a cheaper source of capital than an unsecured facility. Four-year agreements written on cars delivered in 2022 reach their final payments this year and next, which is when balloon refinance enquiries tend to arrive.
FAQ
Is it possible to finance a Ferrari? Yes, and a refinance is the one route that starts with a Ferrari you already own. Purchases run on hire purchase, lease purchase, PCP or, for a limited company, business contract hire. Against a car owned outright, an advance is set from its value today, written to a company or to you personally, with no minimum advance.
What is the 50% rule for car finance? It is voluntary termination, a right under the Consumer Credit Act 1974 that lets a borrower under a regulated hire purchase or conditional sale agreement hand the car back once half of the total amount payable has been paid. It does not attach to an unregulated business agreement.
Are Ferrari refinance rates published anywhere? Not in a form you could hold anyone to. Our examples use an indicative nominal 8.9 per cent so the sum can be checked, and a real refinance usually prices a little above a purchase agreement on the same car. The actual rate depends on the valuation, the term and whoever stands behind the application.
Can a Ferrari that is still on finance be refinanced? Usually, yes. The new advance clears the existing agreement first and anything left over is released to you. Whether it works depends on the gap between the settlement figure and what the car is worth today, which is the first number we ask for.
Talk to us
If you own a Ferrari and need capital without selling it, start with our Ferrari refinance page and send us the car’s details and what the money is for. If a purchase agreement on the next car turns out to be the better answer, you can compare the five agreements side by side. See also how a lease purchase balloon is set before deciding whether to pay it or refinance it.
All figures in this article are indicative, not an offer, a quote or a financial promotion, and any agreement is subject to lender terms, valuation and full underwriting. This article was written by Matt Lenzie.