Purchasing a Maserati is a dream that has crossed everyone’s mind at some point or the other. People with a passion for cars know that the myth about the Maserati is unreliable is simply not true. Unlike extremely expensive cars such as Ferrari, Maserati is kind of affordable, but it still offers the exclusivity that most Italian sports cars have. So how can you achieve this dream and finance a Maserati? Here are some easy ways that will make this happen.
Leasing Your Dream Maserati
Leasing or personal contract hire (PCH) is where you usually pay a dealer a fixed amount of money every month to use the car. The price usually includes the maintenance and servicing of the car. At the end of the contract, you don’t have to worry about disposing of the car. This also means that you don’t have to worry about the car depreciating in value. It’s better to search for the best price that you can get before you decide on proceeding with the dealer. Search for the best Maserati lease deals to find the lowest rates that you can get. It’s also important to keep the costs that you will have to pay in mind, just in case you exceed the mileage.
Personal contract purchase (PCP)
This type of car finance depends on the loan to be secured against the car. You will need to make a relatively low deposit (10%, usually) and to make monthly payments that are usually low. However, the amount of money you will end up paying back is usually higher. Hiring a purchase agreement is getting a loan only for the difference between the price of the car as brand new and the prediction of its price at the end of the agreement. This is definitely better than getting a loan for the full price of the car as monthly payments will be a lot higher.
Hire Purchase (HP)
Buying the car on this finance is a lot similar to PCP where you make a deposit and monthly payment. Fixed payments are decided over a period of time in this financing method. You can only own the car when you finish the last payment. This method is usually quick and easy as you hire a dealer to arrange this agreement. Also, the repayment terms are suitable for most people as they start from 12 months, but can reach up to 60 months.
Buying a car outright when you can afford to be definitely better. However, buying a car on finance also offers some great pros. If you decided to go for leasing, which is the most popular solution out there, you would forget about the car value depreciation, and the fixed monthly payments already include maintenance and servicing costs. In PCP, you will get lower monthly payments, low deposit, flexible repayment terms. With HP, you will get the same pros as PCP, but the only difference is that the flexible repayment terms only allow up to 48 months.