PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
What should I expect the monthly payment to be on a Ferrari?
What is the monthly payment on a financed Ferrari? I've been a salesman for a few years, but I'm finally hitting my stride and should make about $500,000 this year. I want to buy a Ferrari as a gift to myself for all my hard work.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Monthly payments for a car loan depend on:
Calculating the monthly payment
If you buy a brand new 2021 Ferrari F8 Spider, the price will be $274,280.
A general rule is to put 20% down when financing the car.
That would be 20% of $274,280, or $54,856. Subtract that from the sales price to get $219,424.
Let’s say that you want to finance this amount over 60 months with a rate of 2.99%. So, your monthly payment would work out to be $3,942.
Keep your car insurance premium in mind
Since your car is a luxury vehicle, car insurance is more than likely going to be astronomically expensive. You’ll have to add the cost of insurance to your monthly payment.
You can use a car insurance comparison tool like
Jerry
to easily find the best rates for your brand new car.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
