Car - 2011 Ferrari 599 GTB 60F1
Cash Price - £484,510.00
Deposit - £0.00 Nil
Balance - £262,510.00 - LTV 54%
Refinance £212,510.00
Equity Release £50,000.00
Residual - £262,512.00
Product - Lease Purchase – Residual (balloon)
Term - 36 months x £1884.69 pcm
A client requested a quotation to refinance his Residual-Balloon coming to the end of it’s term of £212,510.00 with another lender, and to also release a further £50,000 of equity from his vehicle. We achieved this in a few days, even though the vehicle was in storage and he was going on holiday with in 72 hours prior to the deadline.