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Owning Your Own Ferrari - Tips to Make It Affordable For You (Part1)

The biggest cost for you in this purchase, aside from the price tag of your Ferrari itself, will be the interest that you will have to pay to your Ferrari financial services company as part of your loan. In fact, most financiers tend… Read more!

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Owning Your Own Ferrari - Tips to Make It Affordable For You (Part1)

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  1. Owning Your Own Ferrari - Tips to Make It Affordable For You (Part1) Affordability and Ferrari - perhaps two words that have never been used together in the same sentence! When a person considers buying one of these beauties, it is considered a given that they have deep pockets. How else would a person be able to buy a supercar! Well, if you are smart and know what you are doing, chances are you will be able to make this amazing car your own without bearing any huge financial burden of Ferrari monthly payment. No, this isn’t an article about a Ponzi scheme that may get you to win a supercar. In this blogpost series, we are dishing out the sure-fire tips that can actually make your Ferrari affordable: Reduce your interest expense by accelerating repayment The biggest cost for you in this purchase, aside from the price tag of your Ferrari itself, will be the interest that you will have to pay to your Ferrari financial services company as part of your loan. In fact, most financiers tend to charge a higher interest rate for supercars so as to compensate for the risk involved in the purchase. As a buyer, you can reduce this burden on your pocket by planning your loan repayment in such a way that you exceed your designate EMI every time. The faster you pay off your loan, the lower your interest expense will be. Make sure you plan your budget and income streams in such a way that this one objective can be achieved.

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