Can You Lease a Ferrari?

Have you ever dreamed of getting behind the wheel of a Ferrari, and feeling the raw power and exhilaration of driving one of the most iconic sports cars in the world? Well, the good news is that leasing a Ferrari might just be the answer to making that dream a reality. Leasing offers a more affordable way to experience the prancing horse, allowing you to enjoy the thrill without the hefty price tag of owning one outright.

But where do you start when it comes to leasing a Ferrari? Don’t worry, we’ve got you covered. In this article, we’ll share the pros and cons of leasing, as well as where to find a lease that suits your needs.

Can You Lease a Ferrari?

Yes, you can absolutely lease a Ferrari! In fact, leasing can be a more attainable way to experience the thrill of owning one of these iconic Italian supercars compared to buying outright. Here’s why:

Affordability: Monthly lease payments are typically lower than traditional car loan payments for a Ferrari, making it easier to fit into your budget. You’re essentially paying for the depreciation of the car during your lease term, not the entire cost upfront.

Variety and Flexibility: Leasing allows you to drive a different Ferrari model every few years, keeping things fresh and exciting. You have more flexibility with lease terms compared to buying, with options ranging from 13 to 60 months and various mileage allotments.

Lower Maintenance Costs: Most Ferrari leases include factory warranty coverage, so you won’t be responsible for unexpected repair costs. This can be a significant advantage, as Ferraris are known for their high maintenance costs.

How Leasing Works?

easing a Ferrari is quite similar to leasing any car, but with the added layer of luxury and performance that comes with these Italian supercars. Here’s a breakdown of the key steps:

1. Choose your Ferrari: Decide on the model that fits your budget and style preferences. Popular leases include the Roma, SF90 Stradale, and F8 Tributo.

2. Find a reputable dealer or leasing company: Authorized Ferrari dealerships often offer leasing options, but you can also explore independent leasing companies specializing in luxury cars.

3. Negotiate the terms: Discuss the following key points:

  • Lease term: Typically 24-36 months, but some options extend to 60 months.
  • Mileage allowance: Consider your anticipated driving habits and choose a plan that suits you. Exceeding the limit can incur hefty fees.
  • Down payment: Not always required, but some leases may ask for a significant upfront payment.
  • Monthly payments: These will depend on the chosen model, lease term, mileage allowance, and down payment. Be prepared for higher payments compared to regular cars.
  • Maintenance responsibility: Confirm if the lease includes factory warranty coverage and who handles routine maintenance.
  • End-of-lease options: You can usually return the car, purchase it at the residual value, or potentially extend the lease with new terms.

4. Sign the lease agreement: Once everything is finalized, review the contract carefully and sign it.

5. Enjoy the ride: Take care of your leased Ferrari according to the terms of the agreement and experience the thrill of driving a legendary Italian masterpiece.

Pros and Cons of Leasing

Like any financial decision, leasing a Ferrari has its pros and cons. Here are a few things to consider:


  • Lower monthly payments compared to buying.
  • Opportunity to drive a Ferrari without the long-term commitment.
  • Possibility to upgrade to newer models more frequently.
  • Potential tax advantages for business owners.


  • Mileage restrictions and potential fees for exceeding the agreed-upon mileage.
  • You don’t build equity in the car as you would with a purchase.
  • Limited customization options compared to buying.
  • Potential for higher insurance costs compared to a regular car.

Where to Find a Ferrari Lease?

If you’re ready to start your Ferrari leasing journey, there are a few places you can look:

  • Ferrari dealerships: They may have lease options available or can provide recommendations for leasing companies.
  • Online marketplaces and lease comparison websites: These platforms can help you find lease deals from different providers.
  • Specialized leasing companies: Some companies specialize in luxury car leasing, including Ferraris.

Requirements for Leasing a Ferrari

If you’re considering leasing a Ferrari, there are a few requirements you should keep in mind to ensure a smooth and successful leasing experience. Here are the key factors to consider:

1. Proof of Income

To secure a lease for a Ferrari or any luxury vehicle, you will typically need to provide proof of income. This helps the leasing company determine if you have the financial means to make the monthly lease payments. While specific requirements may vary, it’s commonly accepted to provide documents such as W-2 forms, tax returns, or bank statements that demonstrate your income level.

2. Credit History

Just like with any lease or finance arrangement, your credit history plays a crucial role in the approval process. Leasing companies will review your credit report to assess your creditworthiness. A good credit score gives you a better chance of qualifying for favorable terms and conditions.

3. Age and Driving Record

To lease a Ferrari, you’ll generally need to be at least 21 years old with a valid driver’s license. Some leasing companies may have specific age requirements or restrictions based on driving experience, so it’s essential to clarify these details before proceeding with the lease.

4. Insurance Coverage

Ferrari leases typically require comprehensive insurance coverage to protect the vehicle’s value during the lease term. It’s important to contact your insurance provider to ensure that they offer coverage for high-end luxury vehicles and to obtain a quote. Keep in mind that insurance costs may be higher for exotic cars.

Frequently Asked Questions

Why are Ferraris so expensive to maintain?

Ferrari models are built with high-quality materials and craftsmanship, making the cost of replacing parts more expensive compared to regular vehicles.

Is it better to lease a Ferrari?

Leasing a Ferrari can be a more affordable option compared to buying one. With a lease, you only pay for the duration of the lease and mileage used, without the costs of full ownership and sales tax.

What is the most expensive car to lease?

The Pagani Huayra Roadster, starting at $2.4 million, currently holds the record for the most expensive new car lease in history.

How long can I finance a Ferrari?

While some exotic car financing lenders offer loans up to 144 months, 72- to 84-month loan terms are more commonly available for financing a Ferrari.

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