How Much Is It To Lease a Ferrari: Want One? Get One!

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The average cost of a Ferrari lease is between $2000 to $3000. It may just be leasing the Ferrari that will get you owning that prancing horsepower that you have always dreamed about.

You do not pay the full price of the car when you lease. You only pay for the loss in value that the car is going to incur while you drive it. You might even be able to buy the Ferrari at the end of the lease, depending on your contract.

Should You Lease a Ferrari?

Though it is a fantasy to many people, renting a Ferrari may not be totally without both its advantages and disadvantages.

Advantages of Leasing a Ferrari

Leasing is generally less expensive than buying a car, so driving a Ferrari is less expensive. If you lease a newer Ferrari, you may have a three-year/unlimited-mileage powertrain warranty from the manufacturer.

The money will be charged only to the monthly payment and not to the car itself.

Leasing can also be a good way to keep options open. You might be able negotiate a good deal to purchase the Ferrari when your lease ends if you fall in love while driving it.

You can also negotiate with a shorter term and, if you are not very sure if you want to spend much money on a very powerful car over the long term, you can easily swap the vehicle for another one.

The Negative Impacts of Leasing a Ferrari:

You don't own the car when you lease a Ferrari.

You will also be charged some exorbitant fees when the contract is nearing the end if you do more miles than the allowed by the lease contract.

There are also other additional costs such as damages other than wear and tear.

Lease a Ferrari

General Leasing Estimates

A Ferrari lease costs typically between $2000 to $3000 per monthly. Model, year and condition are only a few variables that can affect the cost. Your credit score and financial status will also influence your lease rates.

You will have to pay a large down payment of about $50,000. You will also need to budget about $1000 per month for operating costs such as gas, luxury car insurance, and tires.

The maintenance costs for a Ferrari that you lease if produced after 2013 will be covered in your lease payment. If it was manufactured before 2013, you'll need to budget money separately.

Also, Ferrari repairs are expensive in the event of an accident.

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Buying vs. Leasing

Even after considering all these costs, renting a Ferrari is still less expensive than buying one. A base-model Ferrari with no additional options has a starting MSRP of more than $210,000.Even used Ferraris can cost up to six figures.

If you plan to spend $1,000 a month on living expenses and lease a Ferrari over three years for $2500 / month, then your total cost will be $176,000 This is still expensive but still $34,000 cheaper than buying the base model Ferrari. This is before you even consider any extra features your Ferrari may have.

How to Choose the Ferrari You Want to Lease

Ferraris do not always depreciate (or lose value) the moment you drive off the lot. You can get the best deal by choosing a Ferrari whose value will increase after leasing it.

Some locations may offer the option to purchase.

Models most likely to be appreciated:

F12tdf
Ferrari 288 GTO
Ferrari 348
Enzo
Ferrari 355
LaFerrari
Ferrari 599 GTO

Duration - Ferrari lease terms

Ferrari's leasing program provides payments from 12 months up to 60. There are also different mileage plans; you can choose one depending on your driving habits.

Find Ferraris to Lease

Find a Ferrari dealer or agent in your locality who will participate in the Ferrari Lease Program. When going shopping for a Ferrari, lookout for special deals and leases that are bargained upon to save some money.

Bottom line

When making a decision, you should compare the monthly payments of leasing a Ferrari with the cost to buy a Ferrari similar. Consider how the value will change of the Ferrari that you are interested in over time.