Financing/Credit Unions - Ferrari Life
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post #1 of 5 Old 06-16-2012, 08:42 AM Thread Starter
Join Date: Jun 2012
Ferrari Life Posts: 1
Financing/Credit Unions

Hello All,

This is my 1st post here. I'm looking into purchasing a 355 or 360 in the next few months and I wanted to see if any of you had any advice on lenders that will finance older vehicles like these? Also what the typical terms and interest rates are (I realize this depends on credit, money down, etc.)

Any help/info would be great.

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post #2 of 5 Old 06-29-2012, 08:05 AM
Join Date: Apr 2012
Location: Santa Barbara, CA.
Ferrari Life Posts: 199
bought my 360 with a small loan from Penfed. They actually qualified me for no money down but I only wanted a small loan to make the difference from the 328 I had the cash for and the 360 I wanted. 1.99% and super easy, all done over email/web.
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post #3 of 5 Old 06-29-2012, 08:10 AM
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Join Date: Jul 2006
Location: MAR
Ferrari Life Posts: 1,132
I hear great things about PenFederal as well.

Might want to check JJBest bank too.
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post #4 of 5 Old 06-29-2012, 08:21 AM
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Join Date: Jun 2002
Location: USA & Singapore
Ferrari Life Posts: 5,509
JJ Best. I ended up not using them and just paid for the car outright but JJ Best was super helpful. Terms were that they own the car, they buy it, you lease it from them (make the payments) until it is paid off and then they sell it to you for $0.01. Not sure now what the final interest would be but they were super easy to talk with. Unlike a traditional bank or credit union that will only talk about new cars or late model cars with a title, JJ Best will talk about any car.

For insurance look at American Collectors. I pay like $230 a year for the 308 full coverage.

Capt. Pete
'79 308 GTS, '82 Jeep CJ7 Jamboree
"Time is what prevents everything from happening all at once."

Last edited by Pete04222; 06-29-2012 at 10:21 AM.
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post #5 of 5 Old 06-29-2012, 10:08 AM
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Join Date: Jun 2012
Location: Newport News, VA
Ferrari Life Posts: 76
I used JJ Best. I had a good experience. Interest rate varied on amount and length of the loan.

Own: 1989 328 GTS
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