Can anyone buy a Ferrari?
Suppose you can afford to buy a new Ferrari. In that case, you may often find yourself in the process of wrangling paperwork, handing over heavy payments and getting permission from your local dealership/tax office.
You could go on a wild goose chase attempting to have your new car registered or visit the factory itself, and it’s not as straightforward as just visiting a dealership already.
It’s no secret that obtaining a Ferrari is difficult for most people. Before you purchase your Ferrari, consider that potential owners must meet a lengthy list of requirements. Their high demand often means only the wealthiest individuals have an opportunity to own one. There are also quite a few limited-edition models, which are difficult to acquire.
Even the wealthy who could afford a new Ferrari can’t always do so. Money is not just enough; and there are other factors at play as well.
How Hard Is It to Buy a Standard Ferrari
While it may seem easy to obtain a new Ferrari, many companies have various restrictions on what their cars can do and where they can go.
This includes limited hours of availability, specific customer groups, predicted usage levels and other costs that many cannot afford.
While limited edition Ferraris may be tough to acquire, getting your hands on a standard new Ferrari can be tricky.
Ferrari dealerships will often require buyers to provide a history of ownership before they agree to sell them a new one.
Along with the requirement of owning a Ferrari before, there’s also the age factor. Consumers need to be at least 40 years old, and dealers may refuse to sell any cars under that age.
Getting finance for a Ferrari is not always easy. Series of credit checks and large deposits might be required to help the bank better determine your ability to repay the amount.
The vast majority of insurance providers won’t provide coverage for cars as expensive as Ferraris, so you may have to do some extra work when it comes to getting your car covered.
A Ferrari warranty will be void if a car is repaired outside of an approved Ferrari garage. Buyers must drive their cars only to the official garages identified in their warranty agreement or face serious consequences.
It’s also a good idea to make sure all repairs are performed by companies that have been approved by Ferrari and adhere to strict warranty conditions.
Ferrari owners have a strict set of rules by which they must abide to ensure that their beautiful car is preserved.
The original color scheme is not subject to change, nor are the engine’s names or body modifications allowed.
Ferrari is known for making its cars the world’s best. Owners who want a modified one can have it customized by them, but modifying your car without their permission is not allowed.
You could end up with your Ferrari being taken back from you by Ferrari.
What about Buying a limited-edition Ferrari
Buying a Ferrari can be tricky, but the jump from standard to special editions creates a greater need for knowledge and effort on your part.
Ferrari is particular for standard models, but they’re a lot pickier with limited editions.
Buying a Ferrari is not something to take lightly, and it’s not easy for every buyer to get their hands on one.
While you might have the money to pay for it, having a history of owning limited-edition Ferraris will not automatically gain you access to purchasing a new one.
Customers looking to buy a Ferrari require lengthy relationships with a Ferrari dealer and visits to the factory in Maranello.
You won’t be getting access to limited edition Ferraris even if you meet all the requirements.
Ferrari is a brand that is extremely careful when issuing unique edition models. Still, some may argue that obtaining one can be more difficult if you do not have any celebrity status.
Any individual who behaves negatively or speaks poorly about the products will be banned from purchasing them.
Ferrari only sells their limited-edition series of cars through an invite-only process. They always put a lot of planning into their limited-edition models and bring people into the HQ to see how they work.
They are highly regarded and are already sold out in many cases before the general public uncovers them.
Why Is It So Hard to Buy a Ferrari
Ferrari is one of the most exclusive cars in the world. One way to keep them this way is by limiting their distribution to fewer outlets.
Due to their limited number on the road, they can retain their historic exclusivity and maximize desirability.
Rules for Buying a Ferrari
Ferrari is a prime example of a famous car brand around the world. The cars are seen as status symbols and have some hoops to jump through if you’re interested in buying one.
Specific rules and processes must be followed when buying a new Ferrari. Here are the top five things to remember for your ultimate experience.
Accept an Invitation From Many Places.
When you are considering buying a Ferrari, you will get invitations to events and parties that you would not have been invited to otherwise.
If you want a chance to buy your second Ferrari, come to these events & gatherings. You’ll meet other people who might be interested and share tips on current models.
Agree Not to Sell Your Ferrari Within a Certain Period
Owners of limited-edition Ferrari cars are not allowed to sell them to someone else for a year.
This is stipulated in the contract so that those products are not mishandled or resold at a considerable profit.
Agree Never to Paint the Car Pink
You are not allowed to paint your Ferrari pink since it’s not consistent with the company’s branding and ethics.
If you decide to paint your Ferrari in any other color, they may issue a desist letter.
All Repairs Must Be Done at Approved Garages
If you purchase one of their high-end cars, it’s a requirement that any repairs are done at Ferrari-approved repair shops.
They take this very seriously and will take action if they find out that you have been servicing or repairing your car anywhere else.
Cross-check All the Options Boxes
Car dealers want customers who can afford to order severely optioned cars.
The customer drives these cars for a short period and then brings back the unwanted vehicle to Ferrari for selling/ replacing it with a newer car.
If You Have a Lamborghini, You Cannot Buy a Ferrari
Ferrari is one of such top luxury car dealers and often has strict requirements for its clients.
They have rigorous methods to ensure that they only sell quality cars to their VIP customers. If they find out you’ve ever owned a model of Lamborghini before, they will remove you from the list!
Never Hide the Logo
There’s an unwritten rule that you should never try to hide the Ferrari logo, especially if you may be among the people who give your modifications more preference than the brand’s original Logo.
Never Modify Ferrari
One of the essential tips for buying a Ferrari is to be careful when modifying it. This is because of the strict policy on modification work that they offer.
The rules for purchasing a Ferrari are stringent, and Ferrari has the right to return any vehicle that does not meet the guidelines specified by them.
So, instead of modifying the car by yourself, It’s crucial to make sure you’re getting a personalized Ferrari when you buy one from their factory.
They’ll work hard with you to ensure the car is perfect for your personality and needs.
You Must Agree to Inform Ferrari When You Plan to Sell
Ferrari owners are informed to tell Ferrari whenever they intend to sell their car so that Ferrari can decide if they want to repurchase it and keep control over who buys their cars.
You Must Sell Some Special Vehicles Back to Ferrari
Ferrari owners must inform the company when they decide to sell their cars or are banned from selling limited edition cars entirely within the first year.
The company will not buy those cars back, and some unique cars must be returned to Ferrari so that they can control their ownership.
Can You Sell a Ferrari
Always read the fine print when making a significant decision like a purchase.
Ferrari maintains control over its cars even after the sale and does this by either barring the owner from selling in the first year or forcing them to inform the marque before selling.
Ferrari has included a clause that gives them the power to buy back the car if the owners want to sell them.
The clauses also may extend throughout any other Ferrari models built over a certain period, which will help prevent exploitation from unauthorized collectors or dealers trying to get their hands on rare products.
These policies prevent people from buying Ferraris to flip them and make a profit.
Ferrari will not sell new vehicles to anyone found breaking the sales agreement, and the car company has made this a strict part of their terms.