For many motorists, driving your own supercar is a dream come true. But with a lot of affordable supercar finance & finance deals available, there are many ways to get the keys to your own supercar. This article discusses how you can drive a supercar with supercar finance including:
- Selecting the right supercar for you. There are supercars that are becoming more
affordable than ever when you choose to finance your vehicle. - Finding the right supercar deal provider. There are specialist finance brokerage companies that can use their knowledge of the market and even beat the dealer on certain manufacturers in terms of price.
- Choosing the right finance deal. Supercars can be a fantastic asset to acquire. There are options available to return your supercar after your finance deal ends or you can choose to acquire the supercar for yourself.
Choosing the Right Supercar For You
When picturing a supercar, many would instantly think of some of the most impressive and expensive vehicles on the market. You’re not going to be able to be lucky enough to acquire a McLaren F1, but the supercar market is becoming increasingly more accessible when looking to finance your supercar. We have highlighted some supercars below that prove that you are able to drive a highly stylish and impressive performance supercar by using finance to manage your payments in manageable monthly repayments:
- Ferrari F430
- Ferrari 456 GT
- BMW i8
- Nissan GTR
- Audi R8
- Aston Martin V8 Vantage
- Aston Martin DB9
Benefits of Financing a Supercar
Financing a supercar allows you to drive a supercar without having to invest the full amount into your supercar. You are able to decide the deposit that you want to put down on your supercar and then this decides the amount that you need to pay each month. You can agree on the finance period and the average period to arrange for a finance agreement is 3 years. Financing through a trusted independent broker allows you to use their experience to obtain the best finance deal on your supercar that is available. Although dealers will have relevant companies that they use to provide finance deals when it gets around to the conversation about how you will pay for your car - they do not scour the market for the best deal possible for you.
What Are the Different Ways to Finance a Supercar?
When you choose to finance your supercar, you have the choice to return your supercar after your finance contract ends or you are able to pay the fee to purchase the supercar outright. There are benefits to both so this decision largely is made due to whether you want to keep your car or get a new car. Supercars are great investments as they can increase in value, so financing may demonstrate that the car has increased in value.
Hire Purchase for Supercars
You are guaranteed ownership after this contract ends. This has adjustable terms and can be arranged with poorer credit ratings and with less stringent requirements to keep the car in order. This does make it more difficult to sell the vehicle and modify the vehicle. You also risk losing the car due to non-payments.
Personal Contract Purchase for Supercars
PCP allows you to change to a new car every few years so is better suited if it’s likely that you want to give the vehicle back after the contract ends. This method will have lower monthly payments, and access to higher-end supercars and this protects you if the supercar does depreciate downwards rather than increase in value. This will have high requirements for maintaining the car and you also could lose the car due to non-payment. You are able to purchase the vehicle in some contracts but you will pay more at the end because you didn’t pay the cost of HP.
