Purchasing any vehicle takes effort, but Ferrari has created a much more comprehensive process for its owners. To maintain the prestige and exclusivity of their brand, they’ve created specific requirements for potential buyers.
While anyone can purchase a used Ferrari, getting a new one is a bit more involved. So, what rules make Ferraris so hard to buy?
Pass a Background Check
Potential Ferrari owners must first undergo an extensive background check to ensure they fit the mold of the brand and its desired image. The company checks your driver history to see if you’ve had any significant accidents or vehicle-related incidents.
Other factors might include family background, social status, and additional affiliations. The company’s selection criteria may change depending on the make and model you’re interested in. In some cases, you may get put on a waitlist, so be patient and do your research.
No Modifications Allowed
Another requirement Ferrari expects of its owners is that they won’t do any aftermarket modifications or engine work that fundamentally changes the vehicle’s performance or output. An owner may never do anything that covers up the Ferrari badge.
Some owners may get turned off by the inability to do work on the engine or body. If you’re interested in detailing or custom painting a classic vehicle, Ferrari diecast cars don’t have such requirements and are more affordable than the actual vehicle.
Have Good Credit
Ferrari also checks to ensure its buyers have enough financial independence and credit to afford their vehicles without missing payments. Most car manufacturers perform this due diligence, but Ferrari has additional expectations associated with your lifestyle and consumption habits.
You must have an excellent credit score and sound financial history to purchase any exotic car. Anything above 740 should be enough to meet the credit requirements. In most cases, you won’t need to make a deposit as long as you have a solid employment record.
Age Restrictions
Another detail you may want to consider if you’re considering purchasing a Ferrari from the dealership is that they often make their decisions based on age. If you’ve never owned a Ferrari, there’s less chance you’ll be able to buy a new one.
Most dealerships prefer to sell to buyers at least 40 years of age. If you’re younger, you may need to provide additional information or go with a less restrictive seller. The company has a strict policy against selling to minors under 18 years of age.
Know the Rules To Get Your Dream Car
If you’re considering purchasing a Ferrari, there are quite a few things you’ll need to have lined up before even walking into the store.
Understanding the rules that make Ferraris so hard to buy will increase the chances of purchasing your dream car.